FTSE 100 H1 Technical Analysis: Key Support Test at 8680-8700

20 Şub

Looking at the H1 timeframe for the FTSE 100, we're observing a critical technical setup:

Market Structure:

• Price testing key support zone after recent downward pressure
  
• Clear bearish momentum from recent highs at 8833
  
• Moving averages aligned bearishly
  
• Blue box indicating potential continuation zone lower
  

Key Levels:

• Immediate Resistance: 8700
  
• Critical Support: 8682
  
• Current Price: ~8694
  
• Next Support Target: 8616 (Shown in blue box)
  

Technical Indicators:

• Volume showing increased selling interest at highs
  
• Momentum indicators in bearish territory
  
• All major moving averages now acting as resistance
  
• Clear lower highs and lower lows structure forming
  

Trading Considerations:

• Watch for reaction at current support (8682-8700 zone)
  
• Potential for further downside if support breaks
  
• Key resistance now at previous structure around 8750
  
• Risk management crucial at these technical junction points
  

27 Şub

İşlem kapandı: hedefe ulaştı

Full TP hit.