FTSE 100 (FTSE:UKX) is not currently that attractive, as price is neither
bullish nor bearish in the long-term. In the short-term, the bias is bearish
but bulls are trying hard to reverse this.
4 EMAs are used for this analysis and they are EMAs 10, 20, 50 and 200.
The color that stands for each EMA is shown at the top left part of the chart.
The EMAs are not pointing upwards or downwards and price is currently slashing
through the EMA 200, to the downside.
This shows that the market us neutral and undecided. It is better to stay
away from this kind of market until there is a directional movement. However,
the possibility of price going upwards is higher than the possibility of it
going downwards.
An attempt by price to go below the EMA 200 is in place and this is
expected to be foiled by bulls; otherwise the long-term outlook will turn
bearish. For the long-term outlook to turn bullish, price needs to move above
the EMA 10, and that is what would eventually happen.
Trading realities: Trading realities
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