Aurum Markets Blog Technical Analysis Either a rebound or a breakout imminent on FTSE 100

Either a rebound or a breakout imminent on FTSE 100

Either a rebound or a breakout imminent on FTSE 100 post thumbnail image

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

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