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EagleFX-com
Jan 6, 2020 11:46 AM

FTSE 100 - A Contracting Triangle in Progress Long

OANDA:UK100GBP1D
UK 100OANDA

Description

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TVC:UKX, in its daily chart, shows Elliott's wave contracting triangle pattern in progress.

The blue box reveals a potential area of a bullish reaction, from where new buyers could be waiting to incorporate their limit pending orders.
Wave AnalysisElliott Waveftse100FTSE 100 Index
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