Cabana Capitals Blog Technical Analysis A potential bearish movement on FTSE 100

A potential bearish movement on FTSE 100

A potential bearish movement on FTSE 100 post thumbnail image

FTSE 100 is moving towards a support line which it has tested numerous times in the past. We have seen it retrace from this line before, so at this stage it isn’t clear whether it will breach this line or rebound as it did before. If FTSE 100 continues in its current trajectory, we could see it reach 8237.7216 within the next 3 days.

Target: 8237.7216 Entry: 8266.5 Stop: 8335.35

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