FTSE INTRADAY bullish uptrend consolidation supported at 8600Trend: 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:
8600 – Key level from prior consolidation.
8480, then 8430 – Next supports if 8600 breaks.
Resistance:
8850 – First upside target.
8910, then 9020 – Further resistance levels on continued strength.
Trading Scenarios
Bullish Scenario:
A pullback to 8600 followed by a bounce could lead to a move towards 8850, then higher to 8910 and 9020.
Bearish Scenario:
A confirmed break and daily close below 8600 would weaken the bullish case. In that case, expect a potential drop to 8480, then 8430.
Conclusion
The FTSE remains bullish, but a short-term pullback is possible. A bounce from 8600 would confirm trend strength. Watch 8600 closely — holding above favors bulls; a break below shifts sentiment to bearish.
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