FTSE 100 Faces Bearish Pressure and Resumes Downtrend

Service for copy trading. Our Algo automatically opens and closes trades.

The L2T Algo provides highly profitable signals with minimal risk.

24/7 cryptocurrency trading. While you sleep, we trade.

10 minute setup with substantial advantages. The manual is provided with the purchase.

79% Success rate. Our outcomes will excite you.

Up to 70 trades per month. There are more than 5 pairs available.

Monthly subscriptions begin at £58.

L2T Algo

TELEGRAM

RESULTS

Market Analysis – July 5th

The FTSE 100 index finds itself under bearish pressure as it continues to face challenges in its attempt to reverse the prevailing downtrend. On June 30th, a bearish break in the market structure occurred, indicating a continuation of the downward movement.

Following this break, the market underwent a pullback phase, only to resume the bearish institutional order flow.

FTSE 100 Key Levels

Demand Levels: 7798.0, 7240.0, 7108.0
Supply Levels: 7620.0, 7689.0, 7786.0

FTSE 100 Long-Term Trend: Bearish

The FTSE 100 price action demonstrates a bearish sentiment, as evidenced by the rejection candle that formed at the supply level of 7620.0.

This rejection was followed by six consecutive days of downward closing, resulting in a substantial decline of approximately 3.71 percent.

Although a retracement occurred after another rejection candle, pushing the price halfway into the premium region, the market is currently showing a steady decline, aiming to reach the long-term swing low at 7398.0.

This indicates the prevailing bearish sentiment and reinforces the expectation of further downward movement in the FTSE 100 index

FTSE 100 Short-Term Trend: Bearish

Both the 4-hour and 24-hour time frames confirm the continuation of the bearish trend in the FTSE 100 index. Additionally, the Moving Averages with periods of 9 and 21 are positioned above the candlesticks, further supporting the bearish momentum and signaling a potential decline in the price.

You can purchase Lucky Block here.  Buy LBLOCK

Note: Learn2.trade is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results.