Discussion Forum for trading analysis, help, signals and learning how to trade. Chat with other traders , post analysis, trades and ask questions. This is the public part of my website. For more in-depth discussions please consider joining to chat with other members

ForumTrading Forum with market discussion and live trades: Market DiscussionBrief move above 7700 overnight | …

Please or Register to create posts and topics.

Brief move above 7700 overnight | 7655 7624 7590 support | 7735 7753 resistance

#1 · 7th February 2024, 10:23 am

Technical analysis for FTSE 100 for 7th February 2024

We have had a brief foray above 7700 overnight which bodes well for some more upside to test the 7735 resistance level. That level is showing on the daily timeframe, and also just above R1 and the key at 7725 for today. The charts for the FTSE100 all look positive to start with as we have a bullish 2h and daily Raffs continue to head up.

Support on the 2h chart is at the 7650 level with both the now green coral and the Hull MA here. If we were to drop down to this level then I would like to see this hold for a bounce.