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last nights ftse made a high at 3934 shortly after opening.


6 or so hours later, after retracement down to the 50% fib line, price extended back towards the high of the day 3934.


a question most traders ask is, "will price break the high or bounce away from it?"


the supply-demand indicator shows a double top formation then a retreat a couple of minutes prior to the sessions high being reached for the second time in the session; representing demand is exhausted we have run out of buyers at the price


enough evidence to take a short in real time at 3934???


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