Signal UK100 Sell — H1 · 2 Winner Factor - by EZDev - July 20, 2026 13:27 GMT-4
On the UK100 H1 chart the FTSE 100 has been carving a descending channel since the middle of the session window. The recent high of 10596 was rejected and the market has formed lower highs around 10580‑10570, while lows have slipped from 10545 to 10530, indicating weakening bullish momentum. Volume surged on the 10594‑10595 candles, confirming strong sell‑side participation, and again on the 10594‑10607 move, but the subsequent pull‑back closed well beneath the prior low, reinforcing bearish pressure. The break of the 10550 level together with a bearish engulfing candle suggests the next leg will target the 10490‑10480 zone, where…