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- Trade Pattern - 2618
- FTSE100 has made double top around 6219-6204 level and retreated till 6006 yesterday. The index pulled back till 6138 (61.8% retracement of 6219 and 6006) at the time of writing and currently trading around 6132.
- Short term trend is bearish as long as resistance 6205 holds.
- Any break above 6220 will take the pair to next level till 6320/6348.
- On the lower side minor support is around 6100 and break below targets 6040/6000.
It is good to sell on rallies around 6140-45 with SL around 6220 for the TP of 6010/5986
