The movement of FTSE 100 towards the support line of a Channel Up is yet another test of the line it reached numerous times in the past. This line test could happen in the next 13 hours, but it is uncertain whether it will result in a breakout through this line, or simply rebound back to current levels.
Because FTSE 100 formed a Channel Up pattern, we expect it to touch the support line. If it breaks through support it may move much lower
