FTSE 100: ⬆️ Buy – FTSE 100 reversed from support area – Likely to rise to resistance level 9330.00 FTSE 100 Index recently reversed from the support area between the pivotal support level 9100.00 (which has been reversing the price.
FTSE 100: Buy
– FTSE 100 reversed from support area
– Likely to rise to resistance level 9330.00
FTSE 100 Index recently reversed from the support area between the pivotal support level 9100.00 (which has been reversing the price from July), lower daily Bollinger Band and the 38.2% Fibonacci correction of the upward impulse from August.
The upward reversal from this support area created the daily Japanese candlesticks reversal pattern Hammer, which stopped the previous wave 2.
Given the overriding daily uptrend, FTSE 100 Index can be expected to rise to the next resistance level 9330.00 (which stopped the previous impulse wave 1).
Published by:
Jaxon Maddox