FTSE Respects Fib Levels Within Long-Term Range The FTSE 100 has been locked in a well-defined trading range since last summer. The market has failed to break above the resistance zone on multiple occasions and we have also seen several swift bounces from the support zone (see chart below). Within the context of this long-term trading range, we can use key Fibonacci retracement levels as a tool to time inflection points. In recent weeks we have seen the market rally from a 61.8% …
FTSE 100: Fibonacci Levels to Watch for CAPITALCOM:UK100 by Capitalcom
FTSE Respects Fib Levels Within Long-Term Range The FTSE 100 has been locked in a well-defined trading range since last summer. The market has failed to break above the resistance zone on multiple occasions and we have also seen several swift bounces from the support zone (see chart below). Within the context of this long-term…
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