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TheSpringHunter

Potential Spring (tight ABCD) in FTSE

Long
FTSE 100 Index (CAPITALCOM:UK100)  
TheSpringHunter  
CAPITALCOM:UK100   FTSE 100 Index
Trend Lines Multiple Time Frame Analysis AB=CD
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trendline mtfa abcdpattern
TIght ABCD which I call a Spring happens from a previous support level.
Also, the level of the reaction we observe is a small gap which is an area of interest where price tends to go.

Weekly is above 20 EMA, Daily as well. Stochastics is in the overbought zone as well.

Now a positive entry bar is needed to confirm the entry.
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