FTSE 100 Break-Out In Progress February 2015

FTSE 100 Break-Out In Progress February 2015

Finally after 2 Years of consolidation FTSE has made new highs with the prospect of a new bull run to follow.

Its always difficult to ascertain whether a break-out is a fake out or genuine and sometimes the only way to deal with this is to enter the position against the probability that most break-outs are successful. The more difficult aspect is stop loss positioning.

If this break-out is for real, then a measured move target takes FTSE to 7630:

FTSE measured move target Feb 2016

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