indicator-free

EVRH is technically open for the fresh highs as long as the stock trades above 9.80/10.00 dynamic resistance area. The upper line connects extreme highs, the lower - close values.

Expecting futher decline on FTSE 100 from the current level. Stop loss 6840 Targets 6760 - 6710 - 6660

Entering short is possible from 6850 resistance area or after hourly close below red trendline at S2 level 6800. The following support zones for the index are 6770 and 6740 (as described in 4H chart). Once FTSE 100 falls below 6740, we'll have extra short potential down to 6660.

FTSE index has restored its upward move, however in short term looking for the initial test of 6830 support area before next leg up.

FTSE 100 targets 6780 after 6860 rejection.

Daily close below support level 6780 confirms short opportunity on FTSE 100 targeting 38.2% Fib retracement level at 6570.

FTSE 100 is retracing from the 6780 support zone. Consider reentering short from 6860 targeting channel breakout and further decline down to 6570.

Short entry below 6870, stop 6960, target 6700 (23.6% Fib retracement area or lower channel's range value).