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Lambert: Mind the gap (and the abandoned baby) on the FTSE futures
Clive Lambert - FuturesTechs
12 August 2014 at 6:56 GMT
Video / 12 August 2014 at 6:56 GMT

Lambert: Mind the gap (and the abandoned baby) on the FTSE futures

Clive Lambert - FuturesTechs
Clive Lambert, the award winning chart expert from FuturesTechs, is focusing Tuesday's trade on the FTSE futures. As shown below, Friday's candle is an "Abandoned Baby" reversal on the 'day-only' chart (which takes out the overnight noise) and a major reversal pattern. Gap support is at 6548 so that's his key downside level now. To the upside, he's looking to see 6621.5, which is another gap, and then 6637.5 seen off to confirm that a bottom is in place. 

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5y
Clive Lambert - FuturesTechs Clive Lambert - FuturesTechs
This morning we have filled the upside gap to 621.5 so the Baby is getting further away and in turn the likelihood that this is a bottom is increasing. Back to "buy the dips", then.

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