The FTSE made a new high above 6005 on Friday on the back of 5 waves up on the 1 hour chart (see attached chart from Friday afternoon) from the recent lows at 5844. This is impulsive action and signals the correction ended last week at 5844 and we will shortly see higher prices above 6020. However, we are trading much lower this morning and we have to ask whether Friday's events was just another false break (signal) from this market which is beginning to cost traders dearly.
The complete FTSE Trading analysis and trading opportunities are available when you sign-up to the service through the Mark Austin Trading website.
The complete FTSE Trading analysis and trading opportunities are available when you sign-up to the service through the Mark Austin Trading website.
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