As expected, there was a decent fall on the FTSE yesterday (27th Jan) although it did recover a fair bit despite closing down. As for Wednesday, FTSE will probably attempt a rise. The hurdle I see is the 180 degree line at 4253 which could potentially prove to be resistance. If it does push through, we will have new upside targets.
Tuesday's trading range was the narrowest of the last seven days. The EOD chart shows that the FTSE formed an "Inside Day."
The intraday chart shows possible scenarios that FTSE is likely to play out today.
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