FTSE 100 is heading towards the support line of a Falling Wedge. If this movement continues, the price of FTSE 100 could test 8716.6428 within the next 7 hours. It has tested this line numerous times in the past, so this movement could be short-lived and end up rebounding just like it did in the past.
Supported by Downward sloping Moving Average
Target: 8716.6428 Entry: 8739.1 Stop: 8763.63

