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Captain_Maj

Will FTSE 100 finally breakout??!?!

Long
FTSE 100 Index (FX:UK100)  
Captain_Maj Updated   
FX:UK100   FTSE 100 Index
Trend Analysis Harmonic Patterns Chart Patterns UK100 CFD ftse100 pound UK GBPUSD
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trendanalysis harmonicpatterns chartpattern uk100 ftse100 pound uk gbpusd
With a start of a new quarter..keep an eye on the FTSE 100.
Price has been consolidating since the start of the year, trading inside value for '21.
After selling off early in the year, price is back retesting 6800 yet again. A break above would be a very bullish signal, with continuation towards yearly highs a good possibility.
We are currently opening near last months VAH & POC, so should show its hand soon.
Watch and see how it plays out.
Comment:
Price action has worked out very well so far...And is hitting first target of 6930 breaking above Jan and yearly highs...next up would b 7000 psychological level, and a lot higher if we are to retest last years highs.
Regardless, Indices everywhere are over stretched, and therefore securing some profits and raising stops always key!
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