Yesterday's close on the FTSE 100 was a really good indication that the 7,743 level will likely hold.
The index first breached above this level eight days ago and then quickly retraced below it. After trading below this level for a few days, we're back up above this level.
This signals buying pressure paused and has since resumed. Assuming this level holds on any further retracements, this will signal further trend potential.
The index first breached above this level eight days ago and then quickly retraced below it. After trading below this level for a few days, we're back up above this level.
This signals buying pressure paused and has since resumed. Assuming this level holds on any further retracements, this will signal further trend potential.