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FTSE 100: Everything is looking bullish

Discussion in 'Technical Analysis' started by FXStreet_Team, Feb 23, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    Momentum: MACD: Positive RSI: Positive Stochastic: Sell signal, in overbought territory Daily Price Action Trend: Positive Last relevant high: 6,065.8 Last relevant low: 5,916.3 Comment: The FTSE rallied yesterday and in doing so formed a daily buy pattern, which will remain in play assuming: 5,950.2 isn’t broken without 6,065.8 being bettered. Coupled with this buy pattern we have confirmation of the daily trend which is now bullish and from a weekly time frame a buy pattern is forming. But

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