Dragonfly-FX

UK100 Weekly fractal, could see higher prices in coming weeks.

Long
FX:UK100   FTSE 100 Index
Using repeat fractal /algorithm analysis we can see clear repeat support found around 6477 (62%) as we did in a similar pattern that played out in May 2012.
If the Heikenashi continues to close green we could expect price to seek 7000+ with a retracement thereafter back to 6720's testing the 38.2%

Fractal repeat patterns happen frequently on the UK100 and usually play out with a high level of accuracy.

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