UK100 D1: TP +500 points BEST Level TO SHORT IT(SWING/TP)

31 de jan. de 2023

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UK100 D1: TP +500 points BEST Level TO SHORT IT(SWING/TP)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.

🔸 Summary and potential trade setup
::: trading near range highs
::: risk/reward shifting in BEARS favor
::: distribution in progress on daily TF
::: maxed out already / will re-test MID RANGE
::: SHORT IT near market / short rips / rallies
::: expect pullback/correction mode SOON
::: BEARS will target re-test of MID RANGE
::: maxed out / overbought conditions
::: BEARS will take over from overhead
::: expect limited upside going forward
::: SHORT IT near market Target is 7100/7200
::: TP1 +250 points TP2 +500 points BEARS
::: Conservative TP BEARS is 7 100 points
::: unsustainable gains, pullback incoming
::: distribution at the TOP setup
::: spells MAJOR trouble for the BULLS
::: BEARS taking over from overhead S/R at 7850
::: expecting CORRECTION to last next 2-4 weeks
::: distribution at the top in progress
::: will lose up to 10% during pullback/correction
::: There is no upside in this market now
::: Get out / trim exposure / or SHORT IT
::: RISK/REWARD shifting in BEARS favor
::: into BEAR mode soon
::: either way setting up for 10%+ correction
::: 2-4 weeks of correction incoming soon
::: better be prepared in advance
::: when there's GREED there's also PAIN
::: good luck traders
🔸 Supply/Demand Zones
::: 7850 supply zone triggered
::: 7100/7200 fresh demand
🔸 Other noteworthy technicals/fundies
::: TD9 /Combo update: N/A
::: Sentiment: BEARS/BULLS GAME OVER
::: Sentiment outlook short-term: BEARISH /CORRECTION

RISK DISCLAIMER:
Trading Futures , Forex, CFDs and Stocks involves a risk of loss.
Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results.
Always limit your leverage and use tight stop loss.