FTSE retest of ATH, The Week Ahead 03rd March ‘25
Market Sentiment:
The FTSE 100 index maintains a bullish outlook, supported by the long-term uptrend. However, price action is at a key technical level, where market participants will look for confirmation of the next move.
Bullish Scenario:
Key Support: 8709 (20-day moving average, previous consolidation zone, and rising trendline).
A pullback to this level, followed by a bullish rebound, would confirm continued strength in the uptrend.
Upside Targets:
8850 (initial resistance)
8900 (next key resistance)
9000 (psychological resistance and long-term target)
A strong bounce from 8709 would reinforce bullish momentum and signal a continuation of the prevailing uptrend.
Bearish Scenario:
A confirmed break below 8709, with a daily close beneath this level, would indicate a potential trend shift or deeper correction.
This could expose the index to further downside risk, targeting:
8650 (next immediate support)
8620, if selling pressure intensifies
A sustained loss of 8709 could weaken bullish sentiment, increasing the likelihood of extended consolidation or correction.
Market Outlook:
The 8709 remains the key pivot level—holding above it supports the bullish case, while a break lower could indicate a shift in momentum. Traders should monitor price action and volume near this level to assess the next directional move in the index.
This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
The FTSE 100 index maintains a bullish outlook, supported by the long-term uptrend. However, price action is at a key technical level, where market participants will look for confirmation of the next move.
Bullish Scenario:
Key Support: 8709 (20-day moving average, previous consolidation zone, and rising trendline).
A pullback to this level, followed by a bullish rebound, would confirm continued strength in the uptrend.
Upside Targets:
8850 (initial resistance)
8900 (next key resistance)
9000 (psychological resistance and long-term target)
A strong bounce from 8709 would reinforce bullish momentum and signal a continuation of the prevailing uptrend.
Bearish Scenario:
A confirmed break below 8709, with a daily close beneath this level, would indicate a potential trend shift or deeper correction.
This could expose the index to further downside risk, targeting:
8650 (next immediate support)
8620, if selling pressure intensifies
A sustained loss of 8709 could weaken bullish sentiment, increasing the likelihood of extended consolidation or correction.
Market Outlook:
The 8709 remains the key pivot level—holding above it supports the bullish case, while a break lower could indicate a shift in momentum. Traders should monitor price action and volume near this level to assess the next directional move in the index.
This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
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Wyłączenie odpowiedzialności
Informacje i publikacje przygotowane przez TradingView lub jego użytkowników, prezentowane na tej stronie, nie stanowią rekomendacji ani porad handlowych, inwestycyjnych i finansowych i nie powinny być w ten sposób traktowane ani wykorzystywane. Więcej informacji na ten temat znajdziesz w naszym Regulaminie.