$FTSE sitting in no-man's-land right now. Broke down from the yellow trend line (over a year old), retraced back to test it, then reclaimed on Monday — but couldn't confirm. Sold off today and closed barely above the line. Still no confirmation.
On the 1H chart, that yellow line has been clean support/resistance. Slight edge to bulls if we hold above, but I'm not buying it until we get a daily close confirmation above the line. If we close below? Bearish.
No setup for me here. First clean trade would be a long off 10100 or a short from the upper yellow line around 11000. Until then, it's just noise.
On the 1H chart, that yellow line has been clean support/resistance. Slight edge to bulls if we hold above, but I'm not buying it until we get a daily close confirmation above the line. If we close below? Bearish.
No setup for me here. First clean trade would be a long off 10100 or a short from the upper yellow line around 11000. Until then, it's just noise.