Since the covid market sell off the FTSE100 has been in recovery mode grinding its way back up to pre covid levels.
Along the way have been a few sharp drops which has now formed an ascending support line.
Looking at the cyclical and technical picture we are due a corrective dip down. We have multiple support levels at 6600 including the ascending line.
Fyi - I trade the long side only and will likely get back long at the 6600 target price
Along the way have been a few sharp drops which has now formed an ascending support line.
Looking at the cyclical and technical picture we are due a corrective dip down. We have multiple support levels at 6600 including the ascending line.
Fyi - I trade the long side only and will likely get back long at the 6600 target price
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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.