UK100 Bearish Signal
In the daily chart of UK100, the yesterday’s candle has engulfed the day before’s candle and has made a bearish reversal candlestick pattern (Tweezers Top I guess! I’m not very good at names!)
Today’s candle has opened below the yesterday’s close which means we are facing a bearish momentum.
If price breaks the yellow support level at 7537.0 (the lower shadow of the yesterday’s candle) to the downside, we can look for entering a sell position in lower time frames like 1H.
I expect a big drop on UK100 to 7111 in the upcoming future.
Today’s candle has opened below the yesterday’s close which means we are facing a bearish momentum.
If price breaks the yellow support level at 7537.0 (the lower shadow of the yesterday’s candle) to the downside, we can look for entering a sell position in lower time frames like 1H.
I expect a big drop on UK100 to 7111 in the upcoming future.
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