FTSE 100 Price Breakout Looming with Descending Triangle Pattern

Azeez Mustapha


Unlock Daily Forex Signals

Select a Plan


1 - month



3 - month



6 - month






Separate Swing Trading Group



Get VIP forex signals, VIP crypto signals, swing signals, and forex course free for lifetime.

Just open an account with one our affiliate broker and make a minimum deposit: 250 USD.

Email [email protected] with a screenshot of funds on account to get access!

Sponsored by

Sponsored Sponsored

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.

Market Analysis – July 10

The FTSE 100 market has transitioned from a trending phase to a consolidation phase. The range formed on the daily chart has taken the shape of a descending triangle, indicating a potential breakout on either side of the market.

FTSE 100 Key Levels

Demand Levels: 8110.0, 7920.0
Supply Levels: 8322.0, 8480.0

FTSE 100 Price Breakout Looming with Descending Triangle PatternFTSE 100 Long-Term Trend: Ranging

The formation of lower highs and equal lows on the daily chart has led to the creation of a descending triangle as seen on trading platforms. This pattern typically precedes a price breakout, targeting rich liquidity regions at relatively equal highs or lows. Traders often watch descending triangles closely as they can signal a significant market movement once the consolidation phase ends. The potential breakout direction, either upward or downward, will depend on which side of the triangle the price breaches.

The Bollinger Bands confirm a consolidating market, with daily candles oscillating between the upper and lower bands. As the descending triangle narrows, the Bollinger Bands are also tightening around the daily candles. This compression indicates decreasing volatility, often a precursor to a significant price movement. Additionally, the Awesome Oscillator fluctuates around zero, highlighting the almost equal strength of buyers and sellers and further confirming FTSE 100 index indecision.

FTSE 100 Short-Term Trend: Bearish

On the 4-hour timeframe on trading platforms, the trend is bearish. This is evident as the price has fallen from the resistance border of the descending triangle to the support zone. The current price action suggests that the market is testing the lower boundary of the triangle. A reversal is anticipated unless the price breaks out downward from the support zone, which would signal a continuation of the bearish trend.
FTSE 100 Price Breakout Looming with Descending Triangle PatternIt is important to exercise patience and allow market displacement to reveal the next move. Traders should monitor the support and resistance levels closely, as a breakout in either direction could provide significant trading opportunities. Waiting for a clear signal will help ensure a more strategic entry, capitalizing on the subsequent market movement and generating reliable forex signals.

Make money without lifting your fingers: Start using a world-class auto trading solution 

How To Buy Lucky Block

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

  • Broker
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$250 Min Deposit
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
$50 Min Deposit
  • Fund Moneta Markets account with a minimum of $250
  • Opt in using the form to claim your 50% deposit bonus
$250 Min Deposit

Share with other traders!

Azeez Mustapha

Azeez Mustapha is a trading professional, currency analyst, signals strategist, and funds manager with over ten years of experience within the financial field. As a blogger and finance author, he helps investors understand complex financial concepts, improve their investing skills, and learn how to manage their money.

Leave a Reply

Your email address will not be published. Required fields are marked *