FTSE 100, 240, Pennant Formation.

TVC:UKX   UK 100 Index
We have a pole, we have a pennant formation. Under the Pennant theory, they tend to continue the trend upwards.

I would say, watch the breakout levels. If you will see that the bottom support is holding, then we could see some more BULLS coming in. But if it will close below the support, there is a chance for the downside.

Keep an eye on the price action!
Comment: Lift off!!! =)
Comment: Now let's see if it closes above that green line...


Basically, it means that I was wrong on FTSE 100... =)
This is just a ridiculous index and it doesn't follow the rules =)
Totally ignored the Pennant rules... =)
And we have lift off!
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