Hey guys,
I have no idea where this may go from here, in all honesty. Fundamentally i think we will see a move lower before any new highs are see. Mainly cos of rate cut (prob only 25bp in US) and same possibloy coming up in UK.
Techincally price is consolidating in a bearish rising wedge, with bearish divergence on the rsi and stochs. (1hr) On the 4hr stochs are moving into overbought and may be starting to turn over. Also coming off 21ema on daily as well.
If breaks down, i would maybe look to initially target 211.40 (S1). I dunno, feedback more than welcome. (Actually thats the reason im posting this, for your feedback)
See chart below,
I have no idea where this may go from here, in all honesty. Fundamentally i think we will see a move lower before any new highs are see. Mainly cos of rate cut (prob only 25bp in US) and same possibloy coming up in UK.
Techincally price is consolidating in a bearish rising wedge, with bearish divergence on the rsi and stochs. (1hr) On the 4hr stochs are moving into overbought and may be starting to turn over. Also coming off 21ema on daily as well.
If breaks down, i would maybe look to initially target 211.40 (S1). I dunno, feedback more than welcome. (Actually thats the reason im posting this, for your feedback)
See chart below,
"If it bleeds ... we can kill it"