On the UK100 H1 chart the market has been carving a descending channel since the high of 10670, with each candle closing lower and volume gradually tapering. The last three bars show a sharp break of the 10508 swing low, closing at 10461 on modest volume (1.7k), suggesting a capitulation move rather than a sustained downtrend. With the price now testing the 10460‑10480 support zone, the lack of aggressive selling and the prior bounce from 10510‑10520 provide a classic bullish reversal setup. The entry sits just above the broken low, SL under the recent trough, and TP targets the 10530‑10540…

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