FTSE 100 - Rejected at Head and Shoulders neckline resistance
The daily chart shows - the index breached a smaller head and shoulders pattern on April 18. The neckline was retaken last week, but the index failed to sustain above the same. The neckline has acted as a strong resistance today as well.
A daily close below 7197 would open doors for revisit to 7100 levels (neckline of a bigger head and shoulders neckline).
On the higher side, only a daily close above the 50-DMA would revive bullish view.
A daily close below 7197 would open doors for revisit to 7100 levels (neckline of a bigger head and shoulders neckline).
On the higher side, only a daily close above the 50-DMA would revive bullish view.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.