FTSE under severe selling pressure at key support level

Heavy selling pressure into key level support. Likely to break with the amount of selling going on, in which case we will be in for quite a big move down. Selling short on breakout down.

Yorum:

Price action : Bounce off the key support area. However immediately followed by strong move right back down to the support area. This speed of pushing back into the support area is what gives me the idea that we might break this support area soon and when we do, the FTSE will free fall down sharply.