FX.co ★ #FTSE Focus: Navigating the FTSE 100 Index in Forex!

Hello traders. The #FTSE index continues its downward trend. Currently, I believe a descending channel is starting to form. This means that the current move to the upside is just the first correction wave. If the price does not retest the level of 9668 and the upward movement continues, then this trading strategy will be invalidated. However, if the price reaches the level of 9668, there will likely be another bounce to the upside from there. This is necessary to give the descending channel sufficient width.