TechnoMeter

Daily price is on bear market rally" The price is located below Ichimoku cloud for the primary bearish market condition with the secondary rally. Price is breaking 5890 resistance to above for the rally to be continuing with the Chinkou Span line crossing the price from below to above for the good breakout to be started with the possible daily bullish reversal.

• "The FTSE 100 has now reached the February 4 high of 5945, which also was our target on a break to the 5880 high. Today, the index has been lifted by strong gains in the Technology, Communications and Financials Sectors. The biggest of the gains seen today, adding 4 index points, is Glencore PLC, followed by Vodafone PLC which added 3.67 points to the FTSE. The biggest laggard is National Grid (-0.83 index points)."
• "However, price momentum is strong and as long as the FTSE 100 trades above yesterday’s low of 5802, we may reach the psychological level of 6000. Traders will most likely use a pullback to the 5880 level as an opportunity to add to their bullish exposure, while a break to yesterday’s low of 5802 may trigger a trend reversal and a decline to the 5700 level."

Absolute Strange indicator is estimating the bear market rally to be continuing.

If D1 price will break 5541 support level on close bar so the bearish trend will be continuing.
If D1 price will break 6072 resistance level on close bar from below to above so the reversal of the price movement from the primary bearish to the bullish condition will be started.
If not so the price will be on ranging within the levels.



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