Aurum Markets Blog Technical Analysis Rising Wedge breakout on FTSE 100

Rising Wedge breakout on FTSE 100

Rising Wedge breakout on FTSE 100 post thumbnail image

Rising Wedge pattern identified on FTSE 100 has broken through a support level with the price momentum continuing to move in an downward direction. A solid trading opportunity continues with the price expected to reach 9089.1934 in the next 2.

Supported by Downward sloping Moving Average

Target: 9089.1934 Entry: 9127.6756 Stop: 9207.18

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