Cabana Capitals Blog Technical Analysis Triangle breakout on FTSE 100

Triangle breakout on FTSE 100

Triangle breakout on FTSE 100 post thumbnail image

FTSE 100 moved through the support line of a Triangle at 8429.73953488372 on the 4 hour chart. This line has been tested a number of times in the past and this breakout could mean an upcoming change from the current trend. It may continue in its current direction toward 8345.8347.

Target: 8345.8347 Entry: 8429.7395 Stop: 8454.3

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