FTSE 100 is about to retest a key horizontal support level near 8396.9004. 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: 8396.9004 Entry: 8416.8 Stop: 8451.962