22 Feb 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: