Hmm be great if ftse pulled the same stunt as XJO ie. completes 61.8% retracement from the lows formed on the 10th and the high formed yesterday.
Would give possible target of 6185.
Right now it is having trouble at the 23.6% of this range -- 6252, if this breaks then next target is 6227, the 38.2% fib level.
Only my thoughts, may be off track...
Happy trading all
Cheers
Commy
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