Like many indices the FTSE 100 was probably due a bounce following the recent selling pressure and the rally has been impressive. See on this 50x3 chart below that the market has filled the 5,250 box, the place where previous resistance was met. The downside price objective of 3,850 is still active, with no obvious upside targets just yet. The current up column of x's will create an unactivated price target once it reverses, so i'll keep an eye on that one.
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