2017-12-27

FTSE 100

IN THE NAME OF ALLAH THE MOST GRACIOUS THE MOST MERCIFUL
UK100 ON THE WEEKLY RANGE , AFTER A LONG UPWARD TREND , COMPLEX HEAD AND SHOULDERS BOTTOM APPEARS , THE PATTERN WAS CONFIRMED AS A VALID ONE, WEN  PRICES CLOSED ABOVE 7130, AFTER BREAKOUT PRICES PERSISTED MOVE UP  TO HIT TARGET PRICE AT 8750
NOTE: THIS TYPE OF HEAD AND SHOULDERS BOTTOM  A SO CALLED "NOTHING TO REVERSE" (PRICES OVERSHOOT  AN ALL TIME HIGH AND MAKE THE PATTERN SO THERE IS NO PREVAILLING TREND TO REVERSE) ACTS  AS A CONTINUATION PATTERN