FX:UK100 FTSE 100 index of UK listed shares
UK100 is on the side of the cloud but its lagging span was rejected by a as well as daily SSB , weekly Kijun. The price was evolving in a downside channel and broke the upper side, however warns us that the breakout is still in its early phase. As we have a fairly good amount of resistance where the lagging span is evolving, rushing a buy would be risky. Rather wait for a bounce on the top area of the cloud (~6030) and if the price manages to break 6175 with a lagging span getting out of dangerous zone, a buy may be foreseen. Note that Fibo levels 0.236 and 0.382 are matching the weekly Kijun levels (dark green).