Signal UK100 Buy — H4 - July 16, 2026 08:04 GMT-4
On the UK100 H4 chart, the most recent four‑hour bar closed above a tight 10465‑10480 range, breaking a short‑term resistance formed since the mid‑July pull‑back. The prior down‑trend was marked by a series of lower highs and lower lows, but volume surged on the bullish close, indicating strong participation and a potential shift in momentum. The price action shows a classic bullish engulfing pattern, with the close well into the prior bar’s body and a rising close‑open spread, reinforcing the buy signal. Moreover, the 10490‑10500 zone now acts as a new support level, aligning with the entry point just above…