Emerging Rising Wedge pattern in its final wave was identified on the FTSE 100 1 hour chart. After a strong bullish run, we find FTSE 100 heading towards the upper triangle line with a possible resistance at 8610.1248. If the resistance shows to hold, the Rising Wedge pattern suggests a rebound back towards current levels.
FTSE 100 is quickly approaching the resistance line of a Rising Wedge. We expect either a breakout through this line or a rebound.
