UK100 approaching resistance, potential drop!

UK100 is approaching our first resistance at 7225 (horizontal overlap resistance, 38.2%, 50% fibonacci retracement , 100% fibonacci extension ) and a strong drop might occur pushing price down to our major support at 6921 (horizontal swing low support, 78.6% fibonacci retracement , 100% fibonacci extension ).
Stochastic (34,5,3) is also approaching resistance and we might see a corresponding drop in price should it react off this level.
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