FTSE is breaking the top pattern

FTSE is testing the uptrend support line

 

FTSE broke below 0.7500 and is going for a test of the 7.000 uptrend support line test. A break below this level would lead to an extension lower and a test of the significant 6.715 resistance for a complete downside reversal. This will finally end a squeezed top formation congestion that lasts from December 2021.

Note: look for the short trade entries with the stop loss above 7.2000

FTSE downside reversal

 

 

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