Monday, 24 September 2018

FTSE100: Rebounded from support but not out the woods!

FTSE100: Rebounded from support but not out the woods!

FTSE100 rebounded from a key support zone at 7221! After a quick relief rally, the index is now close to the 7505 key cloud chart resistance zone!
Looking to see if there will be a breakout past cloud chart resistance or a reversal! Price action is below the cloud and this is overall negative.


Index is up 250+ points since the rebound from support!

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