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Should we expect a breakout or a rebound on UK100?

UK100 is heading towards the resistance line of a Rising Wedge and could reach this point within the next 6 days. It has tested this line numerous times in the past, and this time could be no different from the past, ending in a rebound instead of a breakout. If the breakout doesn’t happen, we could see a retracement back down to current levels.

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