I'd like to refine my past post on the FTSE 100 Bear Flag - to give it a bit more strength.
There's a key level of support (now resistance) in white. This is a right-angled descending broadening wedge that's been forming since Feb 2017.
The white support of this pattern neatly intersects with the blue colour Bear Flag as of April 29 (Today)
I think this adds a little more to my conviction that this uptrend has hit the end of the road.
Adrian
There's a key level of support (now resistance) in white. This is a right-angled descending broadening wedge that's been forming since Feb 2017.
The white support of this pattern neatly intersects with the blue colour Bear Flag as of April 29 (Today)
I think this adds a little more to my conviction that this uptrend has hit the end of the road.
Adrian