FTSE100 Weighted by various components, as well as that there was news that few companies from FTSE100 index will be removed and replaced.
However, let's focus on technical aspects:
We are within a range bound area for a while! Could look at it like bullish flag or a wedge/Triangle pattern (Be careful of fake break out). Which ever way this index breaks - I have kept the key support and resistance areas lined up. Those will be the areas I will be looking into in-depth. I advise you to perhaps add alerts or feeling towards risky side at limit orders, so you won't miss the trade opportunity!
Just a trading idea, not a recommendation.
Best wishes,
Trade Journal
However, let's focus on technical aspects:
We are within a range bound area for a while! Could look at it like bullish flag or a wedge/Triangle pattern (Be careful of fake break out). Which ever way this index breaks - I have kept the key support and resistance areas lined up. Those will be the areas I will be looking into in-depth. I advise you to perhaps add alerts or feeling towards risky side at limit orders, so you won't miss the trade opportunity!
Just a trading idea, not a recommendation.
Best wishes,
Trade Journal