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 rise dip with 8155 8125 8105 …

Please or Register to create posts and topics.

Dip rise dip with 8155 8125 8105 support | 8206 8265 8287 resistance

#1 · 23rd July 2024, 12:02 pm

Technical analysis for FTSE 100 for 23rd July 2024

Well the 8240 level certainly got the reaction and remains as the key resistance for the moment, with a bear Tuesday playing out already as the drop continues from that level. Overnight has seen a break of 8200 and as such we may well be on for a slide down to the 8155 area where we have initial support.

We are also just dipping down through the 2h support as I write this which is at the 8187 level, so the bears are certainly trying to start with. 8155 is the key fib level along with 8147 for daily support so a bounce, albeit possibly a modest one, may well happen here.

READ MORE