FX:UK100   FTSE 100 index of UK listed shares
209 2 5
Trade Pattern – 2618

FTSE100 has made double top around 6219-6204 level and retreated till 6006 yesterday. The index pulled back till 6138 ( 61.8% retracement of 6219 and 6006) at the time of writing and currently trading around 6132.

Short term trend is bearish as long as resistance 6205 holds.

Any break above 6220 will take the pair to next level till 6320/6348.

On the lower side minor support is around 6100 and break below targets 6040/6000.

It is good to sell on rallies around 6140-45 with SL around 6220 for the TP of 6010/5986
PeterSivasothy
10 months ago
Agreed - imho,brilliant. regards,peter
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Trendhopper
10 months ago
Agreed, your charts are always based on the science, most times markets are steadily move sideways and you say it as it is where some other traders on here are full of hyperbole predicting crashes and booms everyday, keep up the good work
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