The FTSE 100 Index is attempting to “confirm” a short term trend line which came into play in August 2021.
It’s showing some decent support at the moment and is current sitting at 36 points up from our long entry zone.
Those of you that decided to go long may want to consider putting stops in place to ensure you do not make a loss on this trade is its simply not clear at this stage which direction this index wants to go.
We are still very hopefully that we will get a low risk short opportunity in the coming weeks.
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