Recent M15 bars on the UK100 (FTSE 100 index) show a clear downtrend after a brief rally to 10516. The index failed to break above the 10520 ceiling, opened lower and is now forming lower highs and lower lows. High volume during the plunge from 10552 to 10475 (e.g., 1385, 1861, 1308) confirmed aggressive selling, while the latest candles exhibit shrinking volume, indicating waning bullish pressure. The sell entry sits just under the 10504 intraday resistance, turning the breakout into a bearish confirmation. Immediate support resides near 10480‑10470, with a deeper target around 10436, which aligns with the TP. The…

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