Cabana Capitals Blog Technical Analysis Continuation pattern on FTSE 100

Continuation pattern on FTSE 100

April 30, 2024April 30, 2024| cabana-admincabana-admin| 0 Comment| 10:21 pm
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This trade setup on FTSE 100 is formed by a period of consolidation; a period in which the price primarily moves sideways before choosing a new direction for the longer term. Because of the bearish breakout through support, it seems to suggest that we could see the next price move to 8105.4282.

Supported by Downward sloping Moving Average

Target: 8105.4282 Entry: 8173.0594 Stop: 8208.9

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