UK 100 IndexShort
Double Bottom pattern (W) UKX April 2020
Possible short opportunity right now with major indices as Coronavirus spreads and volatility expected to continue.
UK FTSE100 is brought here as an example.
Notice the lowered, yet conservative, second bottom as expectations are for cases to surge due to underestimation of people infected and/or surge in unemployment.
Ideal point of buying is up to 5% above middle of "W" (new support line).
UK FTSE100 is brought here as an example.
Notice the lowered, yet conservative, second bottom as expectations are for cases to surge due to underestimation of people infected and/or surge in unemployment.
Ideal point of buying is up to 5% above middle of "W" (new support line).
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.