FTSE 100 – Bearish Marubozu, Sub-7300 levels likely
Friday’s bearish maurbozu candle followed by a failure to hold above the rising trend line coming from June 24 low (referendum day low) suggests the index is more likely to take out 7300 levels and drop to 7255 levels (head and shoulder neckline).
The daily RSI is hovering below 50.00 levels as well.
On the higher side, only a daily close above 7384 would revive bullish view.
The daily RSI is hovering below 50.00 levels as well.
On the higher side, only a daily close above 7384 would revive bullish view.
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