FTSE 100 was identified at around 9141.18 having recently rebounded of the resistance on the 15 Minutes data interval. Ultimately, the price action of the stock has formed a Channel Up pattern. This squeeze may increases the chances of a strong breakout. The projected movement will potentially take the price to around the 9109.2391 level.
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
