FTSE - breakout or reverse ?

If the FTSE breaks out ( by no means a foregone conclusion) a 3 week rally to the 6300-6400 area has some time and price symmetry as evidenced below.

 

 However the FTSE daily chart still shows potential for a trend reversal in place,with the failed break ,the LL and LH.Next week's action is likely to prove critical as to which outcome develops.Last year the FTSE led the US markets lower so it is a key market to watch.Note we made a high on the 1 year anniversary (Gann cycle) which the US markets face this week