TipTVFinance

FTSE 100 - Rejected at 100-DMA

TVC:UKX   UK 100 Index
The index failed to sustain above 100-DMA level of 6801, which leaves the doors open for a drop to head and shoulder neckline of 6680.

A daily close below 6680 would signal a major trend reversal, given the pattern has appeared at record highs.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.