FTSE 100 is heading towards the support line of a Descending Triangle. If this movement continues, the price of FTSE 100 could test 8138.0203 within the next 7 hours. It has tested this line numerous times in the past, so this movement could be short-lived and end up rebounding just like it did in the past.
FTSE 100 is quickly approaching the support line of a Descending Triangle. We expect either a breakout through this line or a rebound.
