7000 will be key weekly resistance zone for the FTSE
As "Brexit" vote didn't even happen, the UK index FTSE reached almost 2015's highs without even stopping at the 200 weeks MA line that should have acted as some sort of resistance... and failed.
Now, near 7000, the FTSE completes a bearish Bat pattern (weekly) and also testing the bottom of a trading channel that held the price in it throughout most of 2013-2014.
Interesting potential Sell Zone for the FTSE near 7000
See more details in this video - www.youtube.com/watch?v=mQYZ1CEn...
Now, near 7000, the FTSE completes a bearish Bat pattern (weekly) and also testing the bottom of a trading channel that held the price in it throughout most of 2013-2014.
Interesting potential Sell Zone for the FTSE near 7000
See more details in this video - www.youtube.com/watch?v=mQYZ1CEn...
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Nice reversal - FTSE down 3% from PRZ
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Testing X now