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themarketzone

Testing X of weekly bearish Bat

Short
FTSE 100 Index (FX:UK100)  
themarketzone Updated   
FX:UK100   FTSE 100 Index
GBPUSD Harmonic Patterns Bat FTSE UK100 CFD
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gbpusd harmonicpatterns batpattern ftse uk100
The sharp decline in GBPUSD sent UK100 to previous record high and the price now is testing the bottom of a weekly channel in addition to the X point level.
Interesting price zone to monitor for potential reversal patterns with weekly double top scenario

Comment:
The Weekly Reversal started and the price is back below 7000 and below the rising channel - Potential Longer term bearish signal for the FTSE
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