UK 100
Short

FTSE and all Stocks - The second leg lower is about to start

Hello all

I've been watching this since March 2020 where the first leg started to retrace - after having moved back up through the past 9 months and then consolidated the past 2 around the 61.8% to 78.6% fib retrace area

I expect early next week for the Head and Shoulders to be fully printed and based on Fibonacci extension, I expect price for the FTSE to drop below 4000, potentially near 3600.

Lets see what happens, however I wont be buying stocks for a long time.

Trade safe

Duncan
Candlestick AnalysisdphmartinEconomic CyclesForexFTSEHead and ShouldersriskSELLshorttrading

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