Following up on the FTSE (see: FTSE Schmootsie).
The FTSE stopped at a perfect 62% retrace with a nice bearish reversal candle. Now a reversal candle only signals potential reversal. But if we get some follow through tomorrow ... watch out.
Stochastics are also in the overbought territory. Also the DAX has a bearish candle sitting in the same spot.
This definitely bears watching.
From E-T: Weekend Post – March 10, 2018
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There is a new post on my blog at this LINK. Cheers and enjoy the chart! E-T
6 years ago