FTSE100 - Head & Shoulder target coincides with 23.6% fib retr.
The 23.6% Fib retracement of the rally from Brexit referendum day low stands at 7054. The index has breached the head and shoulder neckline yesterday and as per the measured height method we get the downside target around 7059, which pretty much coincides with the 23.6% fib retracement level.
Looks like another 70 point sell-off is a done deal
Looks like another 70 point sell-off is a done deal
