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FTSE 100 consolidates within triangle formation
The FTSE 100 is trading within a symmetrical triangle formation, coming off the back of Monday’s pullback.
With the price having just recently hit the upper threshold of this pattern, there is a good chance we will see short-term downside. However, for the breakout, watch for an hourly close above 7254, or below 7205 for a signal of where we go next.