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themarketzone

Bearish monthly setup

FTSE 100 Index (FX:UK100)  
themarketzone  
FX:UK100   FTSE 100 Index
Trend Analysis Harmonic Patterns Chart Patterns UK100 CFD uk100short GBPUSD SPDR S&P 500 ETF (SPY) SPX (S&P 500 Index)
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trendanalysis harmonicpatterns chartpattern uk100 uk100short gbpusd spy spx
UK100 is testing the PRZ of a monthly Butterfly pattern.
The price is also testing the top of a weekly ascending trading channel.
Unlike SPX that keep on rising, here we have a setup that can be used if you wish to short stocks.

7700-7800 Key Resistance Zone
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