The FTSE 100 UK Index (FTSE) Daily Diagram Technical Analysis Training shows the following:
The FTSE extended the uptrend movement last week but it declined last Thursday making a local top exactly at 6829.79.
So the first think in mind is the case of a pull back towards to KUMO. MACD and RSI both are bullish.
We have no special candlestick pattern . The index is above the KUMO and above the Kijun Sen (blue line) and the Tenkan Sen (green line). It is above the EMA 200 too.
There is no special pattern.
So long above the resistance line for a new uptrend towards to 6900. Otherwise short for KUMO first.
The FTSE extended the uptrend movement last week but it declined last Thursday making a local top exactly at 6829.79.
So the first think in mind is the case of a pull back towards to KUMO. MACD and RSI both are bullish.
We have no special candlestick pattern . The index is above the KUMO and above the Kijun Sen (blue line) and the Tenkan Sen (green line). It is above the EMA 200 too.
There is no special pattern.
So long above the resistance line for a new uptrend towards to 6900. Otherwise short for KUMO first.
