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.
FTSE 100 Market Analysis – May 23, 2024
The FTSE 100 experienced a successful breakout in early May, followed by a retest that propelled the price to 8400.0. However, the current small-sized candlestick formation is indicating a significant decline in bullish momentum. The market appears poised for a retracement to seek support.
FTSE 100 Key Levels:
Demand Levels: 8206.0, 8044.0, 7794.0
Supply Levels: 8400.0, 8500.0, 9000.0
Long-Term Trend: Bullish
Since January, the FTSE 100 has exhibited a parallel channel chart pattern on the daily chart. In mid-April, the price tested the lower boundary of this channel. The Stochastic indicator was oversold during this period, signaling a potential bullish reversal. This test led to a price explosion and subsequent breakout above the parallel channel. Following a retest, the price ascended to 8400.0, with bullish candles forming a steep slope.
Currently, the Stochastic indicator is in the overbought region, indicating an exhaustion of the upward movement. The alignment of small candles suggests a decline in bullish momentum.
Short-Term Trend: Bullish
On the 4-hour chart, the Moving Averages have caught up with the daily candles, indicating a price decrease. The price is expected to decline towards 8206.0 to find support before potentially continuing the uptrend.
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.
- Broker
- Min Deposit
- Score
- Visit Broker
- Award-winning Cryptocurrency trading platform
- $100 minimum deposit,
- FCA & Cysec regulated
- 20% welcome bonus of upto $10,000
- Minimum deposit $100
- Verify your account before the bonus is credited
- Over 100 different financial products
- Invest from as little as $10
- Same-day withdrawal is possible
- Fund Moneta Markets account with a minimum of $250
- Opt in using the form to claim your 50% deposit bonus
