FTSE 100 - Head and Shoulders breakdown
H&S breakdown looks like a done deal...is preceded by a bearish price RSI divergence and falling tops pattern.
The index ha topped out for the short-term and could extend losses to 7300 once the support at 7354 is breached.
The macro side of the story looks weak as well - Pound rallying, BOE tilting towards rate hike + political uncertainty
The index ha topped out for the short-term and could extend losses to 7300 once the support at 7354 is breached.
The macro side of the story looks weak as well - Pound rallying, BOE tilting towards rate hike + political uncertainty
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