FTSE 100 (UKX) Makes Big Move Relative to Two Week Trend, Down 0.57%; Crosses 20 Day Moving Average

2 mins read
UKX

The Hourly View for UKX Last Updated March 26, 2021, 23:18 GMT Currently, FTSE 100’s price is down -11.99 (-0.18%) from the hour prior. This is a reversal of the price action on the previous hour, in which price moved up. If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 50 hour timeframe. Price action traders may also wish to note that we see a doji candlestick pattern on FTSE 100. Given that we see an uptrend on the 20 and 10 hourly candle timeframe, and that such candlestick patterns often…

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