FTSE 100
UKX
UK100
UK100GBP
Weekly - Expanding wedge, bullish outside week posted.
Daily - Invalidated the head and shoulders setup that threatened to send the market lower.
4H - Bullish flag pattern completed with a measured move target at 7708. Potential inverse head and shoulders forming also.
Outlook is bullish - We will be looking to buy dips with an ultimate target of 7708.
Worth noting potential overhead resistance at the 78.6% Fibonacci level at 7433 and the previous highs at 7529.
Good luck!
UKX
UK100
UK100GBP
Weekly - Expanding wedge, bullish outside week posted.
Daily - Invalidated the head and shoulders setup that threatened to send the market lower.
4H - Bullish flag pattern completed with a measured move target at 7708. Potential inverse head and shoulders forming also.
Outlook is bullish - We will be looking to buy dips with an ultimate target of 7708.
Worth noting potential overhead resistance at the 78.6% Fibonacci level at 7433 and the previous highs at 7529.
Good luck!
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