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

A Falling Wedge pattern was identified on FTSE 100 at 8035.9, creating an expectation that it may move to the support line at 7935.0924. It may break through that line and continue the bearish trend or it may reverse from that line.

Supported by Downward sloping Moving Average

Target: 7935.0924 Entry: 8035.9 Stop: 8148.88

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