UK100 Weekly fractal, could see higher prices in coming weeks.
Using repeat fractal/algorithm analysis we can see clear repeat support found around 6477 (62%) as we did in a similar pattern that played out in May 2012.
If the Heikenashi continues to close green we could expect price to seek 7000+ with a retracement thereafter back to 6720's testing the 38.2%
Fractal repeat patterns happen frequently on the UK100 and usually play out with a high level of accuracy.
If the Heikenashi continues to close green we could expect price to seek 7000+ with a retracement thereafter back to 6720's testing the 38.2%
Fractal repeat patterns happen frequently on the UK100 and usually play out with a high level of accuracy.