Signal UK100 Buy — M5 - June 16, 2026 02:04 GMT-4
Signal closed at take profit
The UK100 index on M5 timeframe shows a bullish setup with recent price action consolidating above key support levels. The last three candles (1781286600 to 1781286900) formed a higher-low pattern, with the close at 10474.25 breaking through the prior resistance around 10479.25, indicating strong momentum. Volume spiked at 10474.25 (707) and remained elevated in subsequent candles, confirming institutional buying pressure. The current price is near the 10441.35 entry level, which aligns with the consolidation phase following a deep retracement below 10429.76. This suggests a potential reversal at the support, with the price likely to retest the prior high of 10540.47…