FTSE 100 is once again retesting a key horizontal support level at 8626.5000. It has tested this level 3 times in the recent past and could simply bounce off like it did last time. However, after this many tries, maybe it’s ready to start a new trend.
Supported by Downward sloping Moving Average
Target: 8522.54 Entry: 8609.9 Stop: 8665.1952
The breakout of FTSE 100 through the 8726.7002 price line is a breach of an important psychological price that is has tested numerous in the past. If this breakout persists,
Broke through Support level of 58.62 at 10/16 10:00. Possible bearish price movement forecast for the next 4 hours towards 58.16. Target: 58.91 Entry: Stop: 58.5
The movement of FTSE 100 towards 8430.2803 price line is yet another test of the line it reached numerous times in the past. We could expect this test to happen