It is noticed that there are several readers from Europe, especially UK arriving at this site. I thought of sharing my view on FTSE with them.
In the attached FTSE chart, you can see that, yesterday, FTSE broke down from the Ascending Triangle and closed below the trend line, FTSE is likely to pull back to 4401 and drop to 4095 during the first phase. After a retracing to around 4050, it is expected to fall to a minimum target of 3770 in the near term.
If there is enough response from the Europe readers, I would be happy to share my FTSE view.
