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Posted

UK FTSE-100 on critical support rising Trendline.  Break this & an avalanche highly likely!

 

Monthly timeframe chart so daily wiggles not so important!  Only a deciseive break of this red uptrend line counts.  We do not have that BREAK yet!

 

Wait & see!


 

image.png.f27014583f3cfeff74e1c000c830ec80.png

Posted

Sterling in yearly timeframe view:

 

note the utter humiliation of the Pound by King Dollar since 1970.  
 

If that red breaks, the UK will be a good candidate for a US state.  
 

image.png.ee24bc599a169a1fb537f98b82aa620e.png

Posted

Sterling vs King Dollar in daily view..  Solid hammering ongoing.  But we watch that monyhly timeframe above.  Why?  Because Sterling is no slouch!  She has been around a looooong time & deserves utmost respect.  Its therefore game over only IF monthly buckles!

 

Sit back and watch, but hide & peep as History could be in the image.png.13c83463d0c8e7d80811a45eb4a84ce1.png 

 

Posted
43 minutes ago, On-my-way-Home said:

Stay above the red & green lines and all is well!  

Perhaps if you were to give a brief explanation of what the "lines" you refer to mean you may get more interest and possibly even discussion........otherwise why post? 

  • Agree 1
Posted
2 hours ago, topt said:

Perhaps if you were to give a brief explanation of what the "lines" you refer to mean you may get more interest and possibly even discussion........otherwise why post? 

Why post?  Its called a CALL.  


I don’t expect a discussion, although I welcome it, but as you & the other fellow indicated, its incomprehensible.  The subject is Technical Analysis of Financial Markets

 

 

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