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.
Chris is a proprietary trader with more than 20 years of experience across various markets, including currencies, indices and commodities. As a senior analyst at FXEmpire since the website’s early days, he offers readers advanced market perspectives to navigate today’s financial landscape with confidence.
