TipTVFinance

FTSE - Bull grip intact

INDEX:FTSE   FTSE 100 Index
12 0 2
FTSE - Bull grip intact

Pattern on hourly chart – Rising trend intact despite falling RSI

Support – 6350, 6325 (hourly 100-MA), 6307.28

Resistance – 6427.32, 6447.34, 6487.89, 6511

  • Rising bottom on the hourly chart coupled with falling RSI warrants caution on the part of bulls, although bears have little room to make their presence felt as long as the rising trend line remains intact.
  • A rebound from rising trend line followed by a break above yesterday’s high of 6427.32 would expose a larger falling trend line hurdle seen on the daily chart around 6511 levels.
  • On the other hand, a break below rising trend line on the hourly chart, would expose support at 6307.28 levels, under which losses could be extended to 6228 levels.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out