Sascha_Gogolin
Long

Strong breakout of of consolidation - continuation expected

FX:UK100   FTSE 100 index of UK listed shares
As soon as price broke out of the 1,5 month consolidation, the reaction was forceful, catapulting price 165 points upwards in an instant. Since the pullback is really weak compared to the prior bullish impulsive move, creating a bullish flag pattern, I expect a smaller correction. In my opinion it is very likely that we'll see another strong bullish move in the beginning of the upcoming week. Primary target should be around 6475.
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