FTSE 100 - Bullish 5-0

The FTSE 100 is shaping up nicely on the 4h chart, I'm expecting this bullish 5-0 formation to complete within the next few weeks at the 50% retracement level.

The measurements for a valid 5-0 pattern are detailed below.
B: 1.13 - 1.618
C: 1.618 - 2.24
D: 0.50

We will be trading with a stop loss below the 0.618 retracement level at 7240. If we execute the trade, target is 7896.

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