TradingView
themarketzone
Jan 29, 2018 8:19 AM

Bearish monthly setup 

FX:UK1001W
FTSE 100 index of UK listed sharesFXCM

Description

⋅
UK100 is testing the PRZ of a monthly Butterfly pattern.
The price is also testing the top of a weekly ascending trading channel.
Unlike SPX that keep on rising, here we have a setup that can be used if you wish to short stocks.

7700-7800 Key Resistance Zone
Trend AnalysisHarmonic PatternsChart PatternsUK100 CFDuk100shortGBPUSDSPDR S&P 500 ETF (SPY) SPX (S&P 500 Index)
Comments
themarketzone
⋅
More