FTSE100 - Bullish bat pattern intact

FX:UK100   FTSE 100 Index
Despite all the panic after Brexit, the bullish bat pattern and the inverse head and shoulder formation is still intact on the UK's mining heavy FTSE             index.

FTSE             did not even drop to the point D (88.6%) = 5601.

Today's low stands at 5727, which is 75.2%. The index currently trades at 6095. So even if we go lower from there, there is still plenty of support from which the pair could once again turn higher. Point D is a potential reversal point.

From here, fresh buying is seen only above the inverse head and shoulder neckline at 6400. Meanwhile, if we go lower, bears should observe caution in the range of 5727 (daily low) and 1.5601 (point D).

A rebound from this range could translate into a much sharper rally in the index.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out