UK 100
Long

FTSE(UK100)

Updated
My last charts triangle pattern was technically violated.
So here's a new one, which lines up perfectly and make that little bit more sense of what is happening.

As I see it, as long as we stay above 7200-7400 a pump to 8k is a lot more likely as theirs evidently buyers in the market keeping the FTSE floating, where as a break below will send this south (6700 or lower).
Note
As FTSE100 broke below 7400, I made a comment on twitter which stated if 7400 holds we will be seeing FTSE blast off...
So far so good!
Note
FTSE has hit our level of resistance + previous support...
8K 2024??
Note
FTSE needs to climb back above 7700, if not this is resistance found so back down we go.
Note
FTSE #UK100 #UK100GBP should find support above 7650.. Failure and 7400...
Note
A break above 7700 and 8k is more than probable...
A failure and a revisit of 7400 where my bias is changed to bearish for the UK100...
Note
#UK100GBP #FTSE100 Bias had changed to bearish (yesterday closing above 7470...) but as of today we have pull up from there (7600-7700 retest??)
Chart Patternsftse100GBPUSDHarmonic PatternsStocksTrend AnalysisUK100 CFDFTSE 100 Index

Also on:

Related publications

Disclaimer