My last charts triangle pattern was technically violated. So here's a new one, which lines up perfectly and make that little bit more sense of what is happening.
As I see it, as long as we stay above 7200-7400 a pump to 8k is a lot more likely as theirs evidently buyers in the market keeping the FTSE floating, where as a break below will send this south (6700 or lower).
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As FTSE100 broke below 7400, I made a comment on twitter which stated if 7400 holds we will be seeing FTSE blast off... So far so good!
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FTSE has hit our level of resistance + previous support... 8K 2024??
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FTSE needs to climb back above 7700, if not this is resistance found so back down we go.
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FTSE #UK100 #UK100GBP should find support above 7650.. Failure and 7400...
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A break above 7700 and 8k is more than probable... A failure and a revisit of 7400 where my bias is changed to bearish for the UK100...
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#UK100GBP #FTSE100 Bias had changed to bearish (yesterday closing above 7470...) but as of today we have pull up from there (7600-7700 retest??)