FTSE - is it going to go south?

in ftse •  7 years ago 

I'm planning to close my 3x SHORT FTSE position and move to crypto, so I've just checked FTSE chart:

It look like if might go down a bit. I have two questions:

  1. Which direction will it break? (the break up seams to me as very extream)
  2. When will it break? How many more times will it bounce out of the support / resistance lines?
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It's definitely gonna go south eventually, like all stock markets in at least the Western world (I think sooner rather than later, especially if Corbyn got a majority)