FTSE 100 na-eche nrụgide na-agba ọsọ ma maliteghachi Downtrend

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Nyocha ahịa - Julaị 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 isi ọkwa

Ọkwa achọrọ: 7798.0, 7240.0, 7108.0
Ọkwa ọkwa: 7620.0, 7689.0, 7786.0

FTSE 100 na-eche nrụgide na-agba ọsọ ma maliteghachi Downtrend

Usoro FTSE 100 Ogologo Ogologo: 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 indexFTSE 100 na-eche nrụgide na-agba ọsọ ma maliteghachi Downtrend

Usoro FTSE 100 dị mkpụmkpụ: 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.

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