UK100 sell

“Bearish engulfing” pushes FTSE 100 down

12 april 2022 115
Ivan__Titov
Ivan__Titov

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3rd in the segment "Indices"
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After the monthly 13% growth the FTSE 100 index shows the readiness for corrective decrease.  


A large number of red daily candlesticks on the chart reveals the inability of buyers to support the stable growth of the market. Besides, the "bearish engulfing" has appeared on the local maximum, and it confirms the downward reversal of the FTSE 100.


The “bears” can consider the Fibonacci levels of 23,6% (point 7450) and 38,2% (point 7310) as the objectives. 

Ivan__Titov
Ivan__Titov

Listed among the best MarketCheese authors
3rd in the segment "Indices"
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