Following on from my previous post regarding the FTSE we have entered into the 20 year channel (Purple line) mentioned prior. I am anticipating a retest of the S+D zone just inferior making for a great point of entry to take to return to ATH. We have almost attained my end of year goal for the FTSE which is 7400 and I would expect positive momentum toward the all time high hopefully within the first quarter of new year when considering the forthcoming interest rate rise. I still feel the FTSE is significantly undervalued compared to other indices in Europe. Happy Trading! Will be good to hear your insights.
