TipTVFinance

FTSE100 – Inverted bullish hammer on daily, but…

TVC:UKX   Index of the 100 listed UK companies
The daily chart shows inverted bullish hammer on the daily chart…but there is a risk of a bearish break from hourly bearish flag formation.

Traders should watch out for a bullish break from flag formation (move above 6724) would add credence to the bullish inverted hammer formation and open doors for 67770 levels.

On the other hand, a bearish break from flag formation could yield a move lower to 6600 levels.
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