UK100 (FTSE) – Dips continue to attract buyers

Trade of the Day

Monthly: Holds within a bullish channel and trades around the mid-point of this channel. All-time high sits around 7900 area. For the last 4 months dips have attracted buyers. 

Weekly: A 5-wave Elliott Wave patterns looks to have recompleted at 7904. The move lower has found buyers close to the 50% pullback level of 6700 from 5494-7904

4-Hour:  Price action looks to …

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