FTSE100: Down more than 5% since the Cloud Chart (CC) sell signal, now fighting hard for support at a key CC support zone: 7463/7450! Rebound potential if support holds!
But beware price action still below the Cloud and that remains bearish. Swing trades rebound trades below the Cloud best options forward!
On the daily CC FTSE100 is testing old CC support zone, critical for support to hold here, for a potential rebound. If support fails then the downside risk is towards the next CC zone of 7156/7111!
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