UK 100
Long

UK100 approaching support, potential bounce!

UK100 is approaching our first support at 6609 (61.8% fibonacci extension, 61.8% fibonacci retracement) where a strong bounce might occur above this level pushing price up to our major resistance at 6906 (100% fibonacci extension, 50% fibonacci retracement, horizontal overlap resistance).
Stochastic (55,5,3) is approaching support and we might see a corresponding rise in price should it bounce off this level.
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Chart PatternsHarmonic PatternsTrend AnalysisUK100 CFDUK 100uk100longuk100_setupuk100short

This analysis is provided as general market commentary and does not constitute investment advice. Past performance is not indicative of future results
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