Chart of the Day FTSE

FTSE is in the long-term rising wedge

FTSE is consolidating below 7600 level in a rectangle. We can expect further consolidation before a leg down in what it seems to be a (V) wave. We can expect a correction from here and a retest of 7460 level again. ARMAT trading system is pointing lower.

Note: look for the long trade entries with the stop loss above 7600 level.

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