The FTSE 100 fell again on Thursday, breaking down below the bottom of a hammer from Wednesday. This is a market that continues to show signs of
The FTSE 100 fell again on Thursday, breaking down below the bottom of a hammer from Wednesday. This is a market that continues to show signs of negativity, and I believe that we are going to try to fill the gap below. Because of this, I’m looking for buying opportunities near the 7125 level, and in the meantime, I believe that we will grind the little bit lower. I’m not looking to short this market, but I’m willing to buy as soon as I see signs of stability and a marketplace that has been in a very strong uptrend.
Being FXEmpire’s analyst since the early days of the website, Chris has over 20 years of experience across various markets and assets – currencies, indices, and commodities. He is a proprietary trader as well trading institutional accounts.
