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Al brooks wedge3/9/2024 But with so many sell signals, they might need to create a lower-high first. The bulls want to create an expanding triangle above the August 19 th high.For the bulls, it is a spike, a strong first leg, and with three consecutive bull bars, most traders expect at least a small second leg sideways to up.The week prior was a big bull bar closing near its high, a BO bar and completed a measured move target to let trapped bulls get out breakeven, so traders expected a pause here.Limit order traders will be above and below the bar – but we are always in long, so most traders should only look for buys. It is a doji, so neither a great buy nor sell signal.It is a 5-bar bull micro channel, so the first bar to go below the low of a prior bar is likely to find buyers.The FTSE 100 futures was a bear doji bar last week, pausing at a measured move target.FTSE 100 Futures The Weekly FTSE chart FTSE 100 Measured Move Target Always in Long The bears have a daily double top and good bear bar Friday, so we will see if they can get consecutive bear bars on Monday. The higher we get, the more bears will get short, but currently, no stop-entry sells have worked, so most traders should only buy. ![]() Although sideways on the weekly, the daily chart is a small pullback bull trend, nearly parabolic. The FTSE futures market paused last week at a FTSE 100 measured move target, and we are still always in long.
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