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FTSE 100 pullback brings chance of bearish shift
The FTSE 100 fell below trendline support this morning, as the ascent seen throughout the past week seems to be showing signs of slowing.
However, with the price still above the 7692 swing low, the short-term rally still remains intact. Given the breakdown from a rising wedge formation, there is a chance we could start to see a more bearish shift in mentality if the price falls below that 7692 swing low.