On this chart we can see that the 935 point range (+/-20 pts) is a common range for the ftse
Saturday, 30 October 2010
FTSE weekly swing/935 point ranges
On the weekly we had a red reversal bar that engulfed the previous week's range,so the top may be in -a lower low next week would turn the weekly trend chart down and add confirmation.Next week may be volatile in the US however,with election and Fed meeting so we cannot assume anything yet.I have marked in swing levels based on the previous 935 point range down .
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment