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

A Rising Wedge pattern was identified on FTSE 100 at 8884.8, creating an expectation that it may move to the resistance line at 8925.3945. It may break through that line and continue the bullish trend or it may reverse from that line.

Target: 8925.3945 Entry: 8884.8 Stop: 8820.96

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