Sunday, 29 April 2018

Ftse

sterling weakness is helping the Ftse although Ftse250 seems not to be confirming.I had been of the opinion that the 7450 area would cap it.Next level is the 0.707 harmonic and 0.786 fibonacci  retacement
note this is the futures chart not the cash index



bearish  rising wedge pattern. We could wait for the 200 sma (yellow line) to break before making bearish commitments or break of the lower trendline




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