UKX | FTSE 100 (Additional 15% Drop)

4 במרץ 2022

- The falling wedge is broken.
- Break below EMA50.

CRITICAL SUPPORT at EMA100/MA200 or 6959-6984.
If this support breaks, the 15% drop mapped on this chart becomes inevitable.

These markets close on weekends which means that this week we will have the worst close in years.

Nothing new here...
It is the same as with the SPX (S&P 500 Index), DJI (Dow Jones Industrial Average), NDX (Nasdaq), etc.
(Check Related Trade Ideas below this post.)

It is all going to crash BUT, it will recover after the crash.

Consider it a "financial detox".

Namaste.