FTSE Looking for a top?

asked by u/emre_r · 3d · 2 answers

Watching $FTSE today. It's had a pretty solid run, but hitting up near 10690-10700 feels like a significant resistance zone, given previous price action. I'm not seeing the conviction to push much higher beyond that yet, though obviously, if we close cleanly above 10700, then my whole read here is likely toast and we could be off to new highs.

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Top answers

  • u/fengliu· 1 pts· 3d

    That's an interesting point about the 10690-10700 level. Do you usually look for multiple rejections from a resistance zone before considering it truly established?

  • u/wati51· 1 pts· 3d

    Definitely agree on that 10700 level being a tough nut to crack. I'm seeing a similar setup, though I'm keeping an eye on the volume today to see if there's any real institutional conviction trying to push through. What's your next price target if it does break higher?

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