Saturday, 27 October 2012

Ftse swing chart

The swing chart shows a lower high. Both the last two swing tops are below the March high and failed to stay above the August high.Next indication for a trend change would be a close below 5738,the September low
 If we bounce early next week we should find resistance in the 50-61.8% retracement zone 5840-5861.The August swing top at 5876 is also resistance

No comments:

Post a Comment