UK100 Testing Support, Potential Bounce!
UK100 is testing its support at 6870.5 (61.8% Fibonacci extension, 76.4% & 38.2% Fibonacci retracement, horizontal swing low support) where it could potentially rise to its resistance at 7236 (50% Fibonacci retracement, horizontal pullback resistance).
Stochastic (55, 5, 3) bounced off its support and a bullish divergence with price has been identified.
Stochastic (55, 5, 3) bounced off its support and a bullish divergence with price has been identified.
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