The FTSE is among a handful of major global indices signaling a rebound in the stock markets following this week's earlier selling pressure.
The UK benchmark index broke below a well-established support level around 8110 area on Thursday, before quickly recovering to rally into the close. The false breakdown marks a key reversal pattern and especially as the index ended up with a hammer candle on the daily chart, rising above the 21-day exponential moving average.
Today, the FTSE is rising above the trend line of its triangle continuation pattern to the upside. A close above it would be bullish. Yesterday's high at 8228 is now an important short-term support level that needs to hold.
By Fawad Razaqzada, market analyst at FOREX.com
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在
使用條款閱讀更多資訊。
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在
使用條款閱讀更多資訊。