FTSE initially tried to rally during the course of the session on Thursday, but found enough resistance at the 6640 level to turn things back around and
FTSE initially tried to rally during the course of the session on Thursday, but found enough resistance at the 6640 level to turn things back around and form a shooting star. The shooting star looks as if it is trying to tell us that the market is trying to drift down to the 6500 level. Sooner or later though we should find supportive candles that we can start buying. On the other hand, if we can break above the top of the shooting star, we are buyers as well. We have no interest in selling this market right now.
Being FXEmpire’s analyst since the early days of the website, Chris has over 20 years of experience across various markets and assets – currencies, indices, and commodities. He is a proprietary trader as well trading institutional accounts.
