The FTSE 100 UK Index (FTSE) Daily Diagram Technical Analysis Training shows the following:
The FTSE index has declined more and now is under the KUMO and EMA200 too. MACD is bearish and RSI is entering oversold levels.
So the first think in mind is that FTSE will test the 6620 resistance.
There is no special candlestick pattern. The index is under the Tenkan Sen and Kijun Sen too (bearish). The index broke the EMA 200 and now it is under it.
Fib shows the 4.236 support at 6462.
Long for 6620 but be cautious and stop loss under 6523 or short there.
The FTSE index has declined more and now is under the KUMO and EMA200 too. MACD is bearish and RSI is entering oversold levels.
So the first think in mind is that FTSE will test the 6620 resistance.
There is no special candlestick pattern. The index is under the Tenkan Sen and Kijun Sen too (bearish). The index broke the EMA 200 and now it is under it.
Fib shows the 4.236 support at 6462.
Long for 6620 but be cautious and stop loss under 6523 or short there.
