FTSE 100 was identified at around 8284.15 having recently rebounded of the resistance on the 4 hour data interval. Ultimately, the price action of the stock has formed a Head and Shoulders pattern. This squeeze may increases the chances of a strong breakout. The projected movement will potentially take the price to around the 8239.7382 level.
After testing the support line numerous times, FTSE 100 is once again approaching this line. Can we expect a bearish trend to follow?
