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Bear Tuesday with war ramping up | Strait of Hormuz closing | 10505 support

Technical analysis for 3rd March 2026

FTSE 100 — Bullish trend but pulling back

  • Still in clean rising channel
  • Above rising 200 EMA
  • Currently pulling back toward S1 area
  • Structure still higher highs / higher lows
  • This is corrective, not broken.
  • Bias: Buy dips near support zone
  • Turns neutral only if channel midline breaks.