FTSE 100 – Forming Price Action Squeeze | Feb 19

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FTSE 100 – Breakout Structure Still Forming (4hr chart)
After a few attacks on the key resistance around 6900, the FTSE 100 has consolidated near the highs, forming a price action squeeze. Unless we get some impulsive selling from here and a break below 6815, the breakout structure remains.

Watch for a breakout pullback setup above the key resistance. The first upside target would be 7K. Only a daily close below 6725 negates the MT bull trend.

ftse 100

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