Quote from Nick on 21st November 2025, 11:41 am

Technical analysis for 21st November 2025

FTSE 100 — Bias: Bearish but near short-term exhaustion

• Why:
  • Price remains inside the clear daily descending channel
  • Multiple failed tests of the 10-day EMA and 25-day EMA from below.
  • Daily candles continue making lower highs and lower lows.
  • RSI sitting in mild bearish territory but not oversold → room for one more push down.
  • Price is now approaching S1 → S2 daily support cluster, where buyers normally appear.
• Bias summary:
  • Short-term still bearish, but weakening — FTSE is getting near a location where a bounce or consolidation becomes likely.

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