Today the FTSE will gap up into strong resistance after 4x higher daily closes in a row. This is a strong pattern for selling at the open as you usually find the institutions take this opportunity to lock in some profits after a string of bullish days and push the market down for the first half an hour of trade towards the previous days close and then buy it up again. My only issue with this today is the wave pattern and if this was in line I would be going heavily short this morning with larger stops.
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