FTSE has been rejected from 7600
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FTSE is reversing lower from 7600 for a pullback to 7000. This is a previous triple top resistance and a long-term triangle upside resistance. This is also a retest of a previous broken rising wedge resistance.
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The weekly chart reveals a rejection of the downtrend-sloping line connecting the previous triple top. Also, it is the first bearish candlesticks formation in weeks indicating 7400 as the most crucial downside resistance now.
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