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FTSE 100 continues consistent ascent
The FTSE 100 continues to move gradually higher, in what has been a remarkably consistent ascent over the past week. With the price rallying into trendline resistance this morning, there is a chance we will see the price revert to mean.
The current rising wedge formation we are looking at points towards a potential breakdown, should the price fall below the 7358 swing low. Until then, the current uptrend is expected to persist, with retracements bought into.