FTSE 100

FTSE in tight parallel channel.. a break above 7235, could take it to 76xx?

Pls comment

ta
G
with banks , miner and oil going higher, I think FTSE will head higher...

ftse - daily.
uk.advfn.com/p.php?pid=chartscreenshotsh...bJtgNl8aeK20cQ8KNnM=

7150 while it holds the 200 day ema line and the red trend channel.
break below could see sub 6000 (bottom of the blue blue channel).

This should push higher now imvho.

atb, wdik, dyor,
trendfriend

Looks like FTSE is getting closer to 200 dma at 6353. FTSE at 6383 now...
will it bounce off, or will it fall through...

Good call Paitech, will probably need to find support in the 6400s or it may go down a lot more.

Looks like it went down from the trend line I had in my chart....
Comments welcome...

TF, I dont understand, on my chart, i see if it hits the up trendline, and doesnt break up, it could go down? also there is horizontal line, resistance too?
I was thinking markets to go lower, but your lines are from higher, and says FTSE could go higher?
I am just trying to understand, where i am going wrong, in deciding the direction?

Maybe I need to have a phone convo with you to understand ...
ta
G