UKX
Date: April 12, 2016
H4 Graph: D1 short trend and correction. Moving to a lower time frame H4 and the price is at a strong level of resistance
The price holds below Фибо 50% and horizontal resistance, after it has tried to break up above 6225, 3 time. Possible short with small risk
Alternate scenario: If the price breaks up above the horizontal resistance and above the FIB 50% will cancel the bearish view
Technical Indicator:
DEM (14) H4 - Turned down for short
Price for Entry short around: 6200.00
SL: 6240.00
Jr. Trader - S. Fuchedzhiev
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