UK100:FTSE Rebounds on Double Bottom and Positive UK GDP Data

12 mag 2023

The FTSE has shown signs of a potential price increase after a Double Bottom pattern and Divergence were identified on the 4-hour timeframe. This movement is likely to continue in the direction of the current trend. The recent growth in value can be attributed to positive data from the UK, which showed a 0.1% increase in quarterly GDP in Q1. In addition, both Industrial Production and Manufacturing Production expanded by 0.7% in March.