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Instututional selling taking long positions out of the market.
Once the lows have been taken and the buyers have been taken out of the market, the market makers will then possibly move lower to create false direction, or move higher as intended to simulate a recovery.
If price moves lower, this will attract sellers and could possibly reverse to also clean out the...
Using repeat fractal/algorithm analysis we can see clear repeat support found around 6477 (62%) as we did in a similar pattern that played out in May 2012.
If the Heikenashi continues to close green we could expect price to seek 7000+ with a retracement thereafter back to 6720's testing the 38.2%
Fractal repeat patterns happen frequently on the UK100 and usually...