FTSE100 breaks minor trend line support, targets 6832/6767
Major resistance -7070 Major support – 7000 FTSE 100 breaks the 7000 (trend line joining 6767 and 6935) and declined till 6971 at the time of writing. It is currently trading around 6980. On the lower side, any break bel…
FTSE 100 breaks the 7000 (trend line joining 6767 and 6935) and declined till 6971 at the time of writing. It is currently trading around 6980.
On the lower side, any break below 7000 confirms minor trend reversal decline till 6935/6892 (200- 4H MA)/6831 (61.8% retracement of 6646 and 7130)/6767.
The major resistance is around 7070 and any violation above 7070 targets 7130/7155.
Overall trend reversal only above 7130.
It is good to sell on rallies around 6985-6990 with SL around 7070 for the TP of 6835/6770.
