FTSE 100 awaits breakout

TVC:UKX   FTSE 100 Index
On the daily chart , the head and shoulder neckline is seen at 6685 levels.

A rising bottom formation has been seen since November 9.

Still, the bulls are likely to remain on the sidelines so long as the descending trend line drawn from Oct 11 high and Nov 10 high is intact.

Meanwhile, the bears await a breach of the head and shoulder neckline.
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