Emerging Channel Up 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 9277.7024. If the resistance shows to hold, the Channel Up pattern suggests a rebound back towards current levels.
FTSE 100 is signaling a possible trend reversal on the intraday charts with price not breaching support.
