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

An emerging Channel Down has been detected on FTSE 100 on the 1 hour chart. There is a possible move towards 8659.6319 next few candles. Once reaching resistance it may continue its bearish run or reverse back to current price levels.

Supported by Downward sloping Moving Average

Target: 8659.6319 Entry: 8715.29 Stop: 8790.53

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