Still I cannot say for sure that Ftse is not following lower highs and lower lows trend. During last couple of months Ftse is getting resistance in 5900 levels but the low it made this month was not a good one because it breaks the higher lows trend so I am still not sure whether it is going to complete the bullish pattern which I have discussed in past weeks though still there is time for that. In fact in coming week, it may drop little to complete that pattern.
The way it is moving now I will not surprise if it again try to tests 5800 levels in early days of the coming week. Things may become bad if it breaks 5800 range because in that case we may see Ftse in lower levels. But so long it maintains 5600 level in the downside another reversal in the upside may not be ruled out.
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