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FTSE 100: Still trapped in range

Discussion in 'Technical Analysis' started by FXStreet_Team, Mar 18, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    Momentum: MACD: Positive RSI: Neutral Stochastic: Buy signal Daily Price Action Trend: Neutral Last relevant high: 6,220.0 Last relevant low: 5,845.5 Comment: The FTSE closed higher yesterday making it two positive sessions in a row. We note that the market did form a new relevant high, but didn’t manage to close out of the sideways trading range therefore we have little technical change. A sell pattern would be formed today if by the close of trading: 6,125.7 is broken without 6,220.0 being

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