Aurum Markets Blog Technical Analysis Should we expect a breakout or a rebound on FTSE 100?

Should we expect a breakout or a rebound on FTSE 100?

Should we expect a breakout or a rebound on FTSE 100? post thumbnail image

FTSE 100 is approaching the support line of a Descending Triangle. It has touched this line numerous times in the last 15 days. If it tests this line again, it should do so in the next 2 days.

Supported by Downward sloping Moving Average

Target: 8607.2326 Entry: 8623.71 Stop: 8731.2

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