Thursday, October 15, 2026

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FxWirePro: FTSE 100 forms Bullish Cypher Pattern, good to buy at dips

Harmonic Pattern Formed- Bullish Cypher pattern Potential Reversal Zone (PRZ) - 6125. The index has made a high of 6447 and declined till 6196 from that level. It is currently trading around 6284. Overall trend is bullis…

By Lis Howell
1 min read
FxWirePro: FTSE 100 forms Bullish Cypher Pattern, good to buy at dips
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  • Harmonic Pattern Formed- Bullish Cypher pattern
     
  • Potential Reversal Zone (PRZ) - 6125.
     
  • The index has made a high of 6447 and declined till 6196 from that level. It is currently trading around 6284.
     
  • Overall trend is bullish as long as support 6050 holds.
     
  • On the higher side major resistance is around 6330 and break above targets 6370/6420/6450.

It is good to buy at dips around 6125-30 with SL around 6050 for the TP of 6300/6330.

 

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