Refer to the intraday chart posted yesterday. Two scenarios were presented. FTSE "opted" to rise to the upper line of the blue pitchfork. Quite reasonable to expect a bit of a pullback for today.
Moving on to the EOD chart, we can see FTSE is approaching a possible touch of the red diagonal line (sloping down). To obtain this view, please note I have used a different value for the Factor setting (hopefully someone will ask what is the relevance of that parameter!).
Posts
No comments:
Post a Comment