FTSE is breaking the consolidation triangle
FTSE is breaking below the consolidation triangle 6050. If this breakout now on a pullback could be confirmed the instrument will continue its downside swing from. For a complete downside continuation and higher probability short trade entries, we need to see a break below 5800. FTSE reached previously 600 in a swing upside from 4760. The overall long-term is downtrend and a confirmed break below 5800 will lead to an extended continuation to 5000.
Note – We are inclined to short trade entries with a stop loss above 6150
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