FTSE 100 towards resistance around 6600
FTSE 100 has been engaged 3 degree only uptrend channel since 2013 and price spend most of its time in the upper section of the channel.
As can be observed that the price is moving towards the support turn resistance line after the break down on 1st Oct.
If the resistance is strong enough, i see the price pummel towards around 6100.
Both the MACD line is still under 0 albeit turning upwards
As can be observed that the price is moving towards the support turn resistance line after the break down on 1st Oct.
If the resistance is strong enough, i see the price pummel towards around 6100.
Both the MACD line is still under 0 albeit turning upwards
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