FTSE pivot 5333 favours long trades. 5ema(5322)>10ema(5297) is acting as support with Daily move on Monday averaging 61pts and momentum up, Target range would be 5325-5385. If FTSE breaks above the High from 23rd Feb 5392 and closes above 5400, then I would be looking for a challenge of the 11Jan High 5600 by Monday 8th March. Move up from 5033(08Feb) to 5392(23FEB) has retraced 63% of the fall from 5600.
50/50 Daily Rule uses the RSI(57) and 50ema(5281) to indicate the TREND. With the breakout on Thursday 18th Feb above the 50ema and RSI above 50, LONG trades should be in favour. BB 5042-5422
50/50 Weekly Rule favoours LONG trades with the RSI(58) and 50ema(4998). BB 5022-5519
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