UK100 – Buy the Dip Near Support as Bottom Forms

Trade Idea

• Type: Buy Limit
  
• Entry: 8,905
  
• Target: 9,015
  
• Stop Loss: 8,867
  

Duration: Intraday
Expires: 15/07/2025 06:00

Technical Overview

• Price action is forming a potential bottom, suggesting that downside momentum is slowing.
  
• The primary trend remains bullish, with no clear indication that the broader uptrend is ending.
  
• The strategy favors buying on dips, supported by bespoke support at 8,905, offering a low-risk entry area.
  
• If price moves above 9,015, it would confirm a rebound and support a move toward higher resistance levels in subsequent sessions.
  

No major events are expected in the next 24 hours, allowing technical dynamics to guide price action.

Key Technical Levels

• Support: 8,915 / 8,620 / 8,390
  
• Resistance: 9,290 / 9,485 / 9,770
  

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