FTSE Scope for moderation of the Down-trend

While the down-trend of the FTSE will undoubtedly continue, the present very severe downslope may not. There is wide scope for moderation in the down-slope. the right side of the colousred triangle mirrors the Resistance Line of the upward trend from 2012 to the current year. There is a slight bend in the current down-slope that suggests that some moderation of the downslope is under way.