@UK shares (LSE:ATUK) has been going north in what
is likely the beginning of a long-term bullish trend. Here, the bear got no
chance, for the bull is in control. Would the dog ever waylay the tiger?
On the chart, the ADX period 14 is hovering around
the level 60 (meaning that the buying pressure is currently strong), while the
DM+ is far above the DM-; which means that the bulls have subjugated the bears.
The MACD (default parameters) has also had both its histogram and signal line
gone far above the zero line. There is therefore a Bullish Confirmation Pattern
on the chart: anyone who goes short here would eventually suffer. The price may
reach the supply zone at 60.00 within the next several months. This might thus
be a reward for those who have been laboring to pinpoint a good entry point on
the chart.
Conclusion: @UK
market is another lesson that diligent and assiduous speculators get rewarded
for their effort. Those months and years of hard work may seem unrewarding now,
but soon you’ll soon enjoy the fruits of your labor. Like some other serious
traders, we need to endure in a course of determination. When others around us
ignore trading and when some even quit, we need to stay on course as successful
traders do.
This piece is ended with the quote below:
“The
trading business has a singular great advantage over brick and mortar
businesses -- a trading business does not have to worry about a fixed location,
or for customers to come to that location.
A trader can go where the money is being made. A trader can look at a
variety of markets, in a variety of time frames, to find trades that fit
his/her trading style.” – Joe Ross
Azeez Mustapha
Market Analyst, Trading Signals Provider and Coach
Ground-breaking lessons from expert traders: http://www.harriman-house.com/experttraders
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