The FTSE 100 initially fell during the week, but found enough support below to turn things around and form a massive hammer. The hammer of course is a
The FTSE 100 initially fell during the week, but found enough support below to turn things around and form a massive hammer. The hammer of course is a very bullish sign, and as a result I believe that a break above the top of the hammer should send this market much higher. I still believe that the 7400 level will be targeted, and the 7500 level will be as well. Short-term pullbacks are buying opportunities, so therefore I don’t have any interest in selling. The FTSE 100 should continue to be very positive.
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.
