UK 100 IndexLong
UK - Alternative view to 4900: Ascending Channel up
Updated
I think most are bearish following this descending channel. I had a previous target of 4900 which I hope for.
Experimenting with an alternative as the market promises a decent upside.
I have particular interest in this exact level: Hypothesis
Investors are waiting for the Brexit outcome from the EU talks and US election which will weigh heavily on UK's fortunes. I'm expecting this point to hold to add weight to the being in a UKX larger ascending channel.
- Is the ascending channel TA accurate - probably not but I want to at least identify a path upward.
Best, Hard Forky
Experimenting with an alternative as the market promises a decent upside.
I have particular interest in this exact level: Hypothesis
Investors are waiting for the Brexit outcome from the EU talks and US election which will weigh heavily on UK's fortunes. I'm expecting this point to hold to add weight to the being in a UKX larger ascending channel.
- Is the ascending channel TA accurate - probably not but I want to at least identify a path upward.
Best, Hard Forky
Note
trendlines look good
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