The UK100 index on H4 timeframe shows a potential bullish reversal after a prolonged downtrend. Recent price action reveals a critical support level at 10494.15, where the last candle closed with strong buying pressure evidenced by elevated volume (10099). The prior candle (10528.35) failed to sustain higher prices, suggesting a consolidation phase around this support. A bullish breakout is implied as the price remains above 10494.15, with the recent close at 10494.15 acting as a psychological anchor. The formation of higher lows and the rejection of lower highs indicates a shift in momentum, favoring a long bias. Volume trends suggest…

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