Aurum Markets Blog Technical Analysis FTSE 100 approaching support of a Head and Shoulders

FTSE 100 approaching support of a Head and Shoulders

FTSE 100 approaching support of a Head and Shoulders post thumbnail image

FTSE 100 is heading towards the support line of a Head and Shoulders. If this movement continues, the price of FTSE 100 could test 8926.9949 within the next 10 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: 8926.9949 Entry: 8950.36 Stop: 8973.46

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