Quotes FTSE 100 stock index closed the trading week down at the level of 6712. As you can see, the index broke through the neckline quotes forex pivot model head and shoulders, indicating the continuation of falling of quotations of the FTSE 100 in the area below the level of 6500.
FTSE 100 Forecast on September 13, 2016 — September 16, 2016
Cancellation option will drop the index strong growth of quotations higher than the local maximum; it will point to the continued growth of the index. Also, this structure can be represented as a descending pattern Wolfe waves with a potential target of the fall below the level of 5000, but to achieve this goal on the 5 trading days should be expected.
FTSE 100 Forecast on September 13, 2016 — September 16, 2016 suggests an attempt to continued fall in mining within the forex pivot model head and shoulders with the immediate goal at a level below 6,500.