Aurum Markets Blog Technical Analysis FTSE 100 approaching resistance of a Ascending Triangle

FTSE 100 approaching resistance of a Ascending Triangle

FTSE 100 approaching resistance of a Ascending Triangle post thumbnail image

Emerging Ascending Triangle detected on FTSE 100 – the pattern is an emerging one and has not yet broken through support, but the price is expected to move up over the next few hours. The price at the time the pattern was found was 8608.69 and it is expected to move to 8623.8112.

Supported by Upward sloping Moving Average

Target: 8623.8112 Entry: 8608.69 Stop: 8592.93

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