The FTSE as you can see fell during the course of the day on Tuesday, testing the 6600 level. We found support there, and although we didn’t for much in
The FTSE as you can see fell during the course of the day on Tuesday, testing the 6600 level. We found support there, and although we didn’t for much in the way of a hammer, it does show that there is support. The previous two days of course were hammers, so that suggests that the market will eventually bounce, and as a result a break above the 6660 level would have us buying this market as it should then head to 6700, and then ultimately 6900 given enough time. We have no interest whatsoever in selling.
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.
