FTSE 100 Index
Short

FTSE 100 H1 Technical Analysis: Key Support Test at 8680-8700

21
Looking at the H1 timeframe for the FTSE 100, we're observing a critical technical setup:

Market Structure:
  • Price testing key support zone after recent downward pressure
  • Clear bearish momentum from recent highs at 8833
  • Moving averages aligned bearishly
  • Blue box indicating potential continuation zone lower


Key Levels:
  • Immediate Resistance: 8700
  • Critical Support: 8682
  • Current Price: ~8694
  • Next Support Target: 8616 (Shown in blue box)


Technical Indicators:
  • Volume showing increased selling interest at highs
  • Momentum indicators in bearish territory
  • All major moving averages now acting as resistance
  • Clear lower highs and lower lows structure forming


Trading Considerations:
  • Watch for reaction at current support (8682-8700 zone)
  • Potential for further downside if support breaks
  • Key resistance now at previous structure around 8750
  • Risk management crucial at these technical junction points

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