Trend: Overall trend remains bullish, supported by rising price action.
Recent Movement: Price is in a sideways consolidation phase after a strong uptrend.
Key Levels
Support:
5310 – Key level from prior consolidation.
5275, then 5230 – Next supports if 5310 breaks.
Resistance:
5480 – First upside target.
5510, then 5565 – Further resistance levels on continued strength.
Trading Scenarios
Bullish Scenario:
A pullback to 5310 followed by a bounce could lead to a move towards 5480, then higher to 5510 and 5565.
Bearish Scenario:
A confirmed break and daily close below 5310 would weaken the bullish case. In that case, expect a potential drop to 5275, then 5230.
Conclusion
The FTSE remains bullish, but a short-term pullback is possible. A bounce from 5310 would confirm trend strength. Watch 5310 closely — holding above favours bulls; a break below shifts sentiment to bearish.
This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
Recent Movement: Price is in a sideways consolidation phase after a strong uptrend.
Key Levels
Support:
5310 – Key level from prior consolidation.
5275, then 5230 – Next supports if 5310 breaks.
Resistance:
5480 – First upside target.
5510, then 5565 – Further resistance levels on continued strength.
Trading Scenarios
Bullish Scenario:
A pullback to 5310 followed by a bounce could lead to a move towards 5480, then higher to 5510 and 5565.
Bearish Scenario:
A confirmed break and daily close below 5310 would weaken the bullish case. In that case, expect a potential drop to 5275, then 5230.
Conclusion
The FTSE remains bullish, but a short-term pullback is possible. A bounce from 5310 would confirm trend strength. Watch 5310 closely — holding above favours bulls; a break below shifts sentiment to bearish.
This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.