The hourly and four hourly charts on the FTSE 100 index are much more interesting but here is the closing 25x3 P&F. It can be seen that the uptrend remains firmly in tact but the Tuesday's sell off has given rise to a double bottom sell signal, with an indicated target of 5,375. Remember, the targets are based on P&F rules and may not play out. This target will be negated if the FTSE pushes back above 5,750.