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 DiscussionDip and rise today with 7409 7381 …

Please or Register to create posts and topics.

Dip and rise today with 7409 7381 support | 7457 7482 7500 resistance

#1 · 29th November 2023, 10:29 am

Technical analysis for FTSE 100 for 29th November 2023

The bears managed to drive it down yesterday but the 7400 level held as support. We may well see the bulls build on that as it was probably just a stop hunt to clear out the longs from 7450. The line in the sand on the upside remains at 7500 though so that will be the level that the bulls will be keen to break today if it gets that high.

Initially the 30m chart looks positive with the green coral and the daily pivot providing initial support at the 7409 level. A hold of this and I am thinking that we will see a rise towards that 7500.