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 DiscussionShould bounce back today | 8687 8 …

Please or Register to create posts and topics.

Should bounce back today | 8687 8657 support | 8741 8784 8825 resistance

#1 · 28th February 2025, 11:14 am

Technical analysis for FTSE 100 for 28th February 2025

Quite the sell off yesterday so shorting the rallies was certainly the right play, even if the S&P500 order missed by 2 points before dropping 140! For today we may see the bulls try and fight back a bit as its the end of the month before more profit taking later towards the close. The FTSE100 bulls will be trying to recapture the 8700 area initially as we have the key fib at 8687, along with the first test of the green 2h coral at the 8692 level.

A rise towards the daily pivot level at 8741 would be good before some more bearishness as we also have the red 30m coral here. The bulls will need to be quick out the blocks though otherwise a slide down to the 8680 daily support level may well play out. This level looks pretty key as a break lower will likely get as far down as the 8580 level where we have the bottom of the 10d Raff channel.

READ MORE