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 8851.4273. If the resistance shows to hold, the Rising Wedge pattern suggests a rebound back towards current levels.
FTSE 100 is approaching a resistance line of a Rising Wedge. It has touched this line numerous times in the last 9 days.
