I was expecting
good days for FTSE in later periods of this week. FTSE is making a long-term
bearish pattern which it can trigger below 5000 level and technically it can
avoid that by crossing around 6100 level. Lower lows it is making during last
1year is also indicating the trend towards upside but for that it has to first
break its initial resistance which is 6000 level.
On the other hand
I will be thinking about a bearish pattern for FTSE when it will be dropping
around 5650 level, around 5800 is its initial support level. So in early days
of the coming week emphasize should be given on 6000 level in the upside.
NOTE: Please see the disclaimer of this blog.
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