Technical analysis:
FTSE is in a downtrend, and the continuation of downtrend is expected.
The price is below the 21-Day WEMA which acts as a dynamic resistance.
The RSI is at 45.
Trading suggestion:
The price is still in a downtrend and we forecast the downtrend would continue.
There is possibility of temporary retracement to suggested resistance...
This is only a trading capability - no recommendation !!!
Next week i`ll confirm or change my opinion about this SetUp :)
Buying/Selling or even only watching is always your own responsibility ...
Best regards
Aaron
