UK 100 FORECAST
Hi there,
Looking at UK100 index which is approaching a MAJOR support level OB.
Uk100 has currently wicked some liquidity below the Lows of 1 june and forming some bullish hammer candles. But we want to see some big hammer candle or bullish engulfing candle to enter for longs as well as change of character on the trend.
4hr time frame = bearish
1hr time frame = bearish = shorting between from 7530 or 7500 range to major support
15mins time frame = bearish = shorting from 7500 to 7450
daily frame = 100pts from major support.
RSI showing small convergence.
Looking at UK100 index which is approaching a MAJOR support level OB.
Uk100 has currently wicked some liquidity below the Lows of 1 june and forming some bullish hammer candles. But we want to see some big hammer candle or bullish engulfing candle to enter for longs as well as change of character on the trend.
4hr time frame = bearish
1hr time frame = bearish = shorting between from 7530 or 7500 range to major support
15mins time frame = bearish = shorting from 7500 to 7450
daily frame = 100pts from major support.
RSI showing small convergence.
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