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gillyblore

UKX Hourly - 4th time lucky for a bounce?

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UK 100 Index (TVC:UKX)  
gillyblore  
TVC:UKX   UK 100 Index
Chart Patterns FTSE 100 Index ftse100 FTSE GBP
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chartpattern ukx ftse100 ftse gbp
Previously bounced 3 times off 7025. The more times it tests, the less likely it will hold. BUT move has been quick and price is extended from its 20day SMA. This favours a bounce here or at the very least a consolidation.
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