The FTSE100 appears as though it is forming a simple bearish flag formation. I would be a little cautious on looking at this as a Head and Shoulders formation, however it does look like we could be forming that as well. (leave a comment below letting me know what you think)
The move to the downside would be a measured move from the first leg down which was approx. 38 points.
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The move to the downside would be a measured move from the first leg down which was approx. 38 points.
*RISK DISCLAIMER*
None of the information on this post constitutes any form of investment advice. All of the opinions expressed are solely personal and are not a recommendation to trade any form of asset whatsoever. Online trading is extremely speculative as well as risky and you should therefore seek advice from a certified professional. Past performance is not indicative of future results.
Please follow and leave a like if you enjoy what you see and would like to see more :)