FTSE 100 - Top of the shop?
Short sellers squeezed out?
Head and shoulders top forming?
I personally like speculating on what I think could be a right shoulder in a head and shoulders top pattern. Especially when the (potential) right shoulder squeezes into a 78.6% Fibonacci retracement level.
Selling FTSE between 5860-5877 if I can. Stops above the highs.
The measured move target is at 5110.
Head and shoulders top forming?
I personally like speculating on what I think could be a right shoulder in a head and shoulders top pattern. Especially when the (potential) right shoulder squeezes into a 78.6% Fibonacci retracement level.
Selling FTSE between 5860-5877 if I can. Stops above the highs.
The measured move target is at 5110.