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FTSE100 - 240 - A bit of downside, before another move up?

UK 100 Index (TVC:UKX)  
JFD_Research Updated   
TVC:UKX   UK 100 Index
Trend Analysis Chart Patterns
8
0
trendanalysis chartpattern
Quick idea.

The technical picture suggests that there might be a bit more downside, where we could target the medium-term upside line. If it provides decent support, we could see the bulls jumping in again and pushing the index back up.

Please see the chart for levels, targets and the alternative scenario.

Don't forget your stop-loss.

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