FTSE 100 - Is it forming head and shoulder?
The daily chart shows a head and shoulder formation could be in the making with neckline support at 6054 levels.
Bears should watch out for a rebound followed by a break above daily high of 6167 as that could yield a rise above 6237 levels, which if breached on day end closing would negate the possibility if a head and shoulder formation.
Bears should watch out for a rebound followed by a break above daily high of 6167 as that could yield a rise above 6237 levels, which if breached on day end closing would negate the possibility if a head and shoulder formation.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.