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FTSE 100 Index

Bearish monthly setup

176
UK100 is testing the PRZ of a monthly Butterfly pattern.
The price is also testing the top of a weekly ascending trading channel.
Unlike SPX that keep on rising, here we have a setup that can be used if you wish to short stocks.

7700-7800 Key Resistance Zone
themarketzone
Also on:
Chart PatternsGBPUSDHarmonic PatternsSPX (S&P 500 Index)SPDR S&P 500 ETF (SPY) Trend AnalysisUK100 CFDuk100short

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Chart PatternsGBPUSDHarmonic PatternsSPX (S&P 500 Index)SPDR S&P 500 ETF (SPY) Trend AnalysisUK100 CFDuk100short
themarketzone
Also on:

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.