Trading Analysis based purely on Price Action as taught by Nial Fuller at www.learntotradethemarket.com. All I post here are setups which i see fit to trade win or lose.
Thursday, 4 March 2010
FTSE Analysis
Today we played out a triangle of some degree. Whether its part of 3 of C of 2 up or whether it was a 4 of C of 2 remains in question. The chart drawn show the former but it could be either or.
FTSE Daily channel, we're still right at the top and stots have now hit 96. It seems like the indices want to double top and it might be worth a punt to short there. Have a look at Oscar's video in which he describes the Head test of a Head and Shoulders pattern which often comes off. (www.livewithoscar.com)
I'll place a short order near the top too on FTSE June, stops not too far away
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