{"id":28374,"date":"2022-05-18T18:52:00","date_gmt":"2022-05-18T17:52:00","guid":{"rendered":"https:\/\/youtrading.com\/en\/?p=28374"},"modified":"2022-05-19T00:08:10","modified_gmt":"2022-05-18T23:08:10","slug":"the-ftse-continues-within-its-corrective-pattern","status":"publish","type":"post","link":"https:\/\/youtrading.com\/en\/the-ftse-continues-within-its-corrective-pattern\/","title":{"rendered":"The FTSE continues within its corrective pattern"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"28374\" class=\"elementor elementor-28374\" data-elementor-post-type=\"post\">\n\t\t\t\t\t\t<div class=\"elementor-inner\">\n\t\t\t\t<div class=\"elementor-section-wrap\">\n\t\t\t\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-34fcfba elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"34fcfba\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t\t\t<div class=\"elementor-row\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-799dc6b\" data-id=\"799dc6b\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-column-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-17f530b elementor-widget elementor-widget-text-editor\" data-id=\"17f530b\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-text-editor elementor-clearfix\">\n\t\t\t\t<p><strong>Weekly Index Analysis<\/strong><\/p><p>According to former Governor Lord King, the Bank of England has made &#8220;serious mistakes&#8221; in the fight against inflation and risks an extended period of painful price increases if it fails to act immediately. In response to the Covid pandemic, Threadneedle Street officials went on a money printing spree, the crossbench peer claimed. &#8220;It is really very strange,&#8221; he added, to think that the current interest rate of 1%, very low by historical standards, will have any significant impact on inflation running at 9%. The current governor, Andrew Bailey, is under increasing political pressure for failing to prevent the crisis and Prime Minister Johnson was also under pressure during the PMQ&#8217;s today, after the highest UK CPI reading ever recorded, was revealed today.<\/p><p><a href=\"https:\/\/bit.ly\/2z0xjhz\" target=\"_blank\" rel=\"noopener\">The Bank of America (BofA)<\/a> published their Global Fund Manager Survey which is widely followed by large market participants. The May survey is extremely bearish as Global Fund Managers are currently holding the highest cash levels since 9\/11. They are very &#8220;short&#8221; tech, in fact, they are the most bearish on innovation and tech since August 2006. The BofA Bull &amp; Bear Indicator is at 2.0, which for those that follow it, is a contrarian buy level. Investors are just missing the inevitable \u201cfull capitulation\u201d price action to buy into. Investors expect rate hikes, not cuts and during a bear market, stocks are prone to rally but the survey participants do not think ultimate lows have been reached yet.<\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-844bc95 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"844bc95\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t\t\t<div class=\"elementor-row\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-845c9e9\" data-id=\"845c9e9\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-column-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-e4b229c elementor-widget elementor-widget-image\" data-id=\"e4b229c\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-image\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/bit.ly\/3JcZ7OZ\" target=\"_blank\">\n\t\t\t\t\t\t\t<img decoding=\"async\" width=\"931\" height=\"483\" src=\"https:\/\/youtrading.com\/en\/wp-content\/uploads\/2022\/05\/rsz_ftse100_d1.jpg\" class=\"attachment-large size-large wp-image-28377\" alt=\"\" \/>\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-dee1b9d elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"dee1b9d\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t\t\t<div class=\"elementor-row\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-57bf3026\" data-id=\"57bf3026\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-column-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-4ed11b7c elementor-widget elementor-widget-text-editor\" data-id=\"4ed11b7c\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-text-editor elementor-clearfix\">\n\t\t\t\t<p><a href=\"https:\/\/bit.ly\/3JcZ7OZ\" target=\"_blank\" rel=\"noopener\">See real-time quotes<\/a> provided by our partner.<\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-7d87414 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"7d87414\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t\t\t<div class=\"elementor-row\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-8b096ed\" data-id=\"8b096ed\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-column-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-15c073c elementor-widget elementor-widget-text-editor\" data-id=\"15c073c\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-text-editor elementor-clearfix\">\n\t\t\t\t<p>The <a href=\"https:\/\/bit.ly\/3JcZ7OZ\" target=\"_blank\" rel=\"noopener\">FTSE 100<\/a> gained yesterday amid hopes that China would ease its Covid. Also yesterday the pound rose more than 1%, which made British blue-chip stocks lag their continental peers. The price action today has removed the high from yesterday and closed lower than yesterday&#8217;s low, making a potential daily bearish reversal pattern.<\/p><p>The larger timeframe chart pattern is an expanding wedge, which is a corrective pattern. This pattern in my opinion breaks to the upside as the next impulsive wave plays out. What I don\u2019t foresee is the catalyst to make the market turn. We may just need to be patient and wait for a higher swing high and higher swing low market structure to form.<\/p><p>Most of the decline of the global indices was attributed to yesterday&#8217;s remarks made by Federal Reserve Chair Jerome Powell, in which he said the US central bank would keep raising interest rates until there is &#8220;clear and convincing&#8221; evidence that inflation is in retreat. During a Wall Street Journal event, the Fed Chair repeatedly emphasized the need to curb the hottest inflation in decades. \u201cThere could be some pain involved to restoring price stability, but we think we can maintain a strong labour market,\u201d Powell said.<\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-73d8d42 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"73d8d42\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t\t\t<div class=\"elementor-row\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-3401fae\" data-id=\"3401fae\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-column-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-b9cf39f elementor-widget elementor-widget-image\" data-id=\"b9cf39f\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-image\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/bit.ly\/3JcZ7OZ\" target=\"_blank\">\n\t\t\t\t\t\t\t<img decoding=\"async\" width=\"931\" height=\"511\" src=\"https:\/\/youtrading.com\/en\/wp-content\/uploads\/2022\/05\/rsz_ftse_d1_trend.jpg\" class=\"attachment-large size-large wp-image-28378\" alt=\"\" \/>\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-28de6fdd elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"28de6fdd\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t\t\t<div class=\"elementor-row\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-3cdf752d\" data-id=\"3cdf752d\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-column-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-19c2978b elementor-widget elementor-widget-text-editor\" data-id=\"19c2978b\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-text-editor elementor-clearfix\">\n\t\t\t\t<p><a href=\"https:\/\/bit.ly\/3JcZ7OZ\" target=\"_blank\" rel=\"noopener\">See real-time quotes<\/a> provided by our partner.<\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-812d534 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"812d534\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t\t\t<div class=\"elementor-row\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-dd7aa70\" data-id=\"dd7aa70\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-column-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-b7c191d elementor-widget elementor-widget-text-editor\" data-id=\"b7c191d\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-text-editor elementor-clearfix\">\n\t\t\t\t<p>Using a trend following strategy, we would have been in a long position from the open this week, as Fridays close signalled a buying opportunity. The Stop Loss would be below the recent swing low around 7150. If we were to break that swing low, I would ultimately be looking for a move back below the 6800 and March 2022 lows.<\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-4567e6d elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"4567e6d\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t\t\t<div class=\"elementor-row\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-f161d7f\" data-id=\"f161d7f\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-column-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-671859a elementor-widget elementor-widget-image\" data-id=\"671859a\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-image\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/bit.ly\/3JcZ7OZ\" target=\"_blank\">\n\t\t\t\t\t\t\t<img decoding=\"async\" width=\"931\" height=\"483\" src=\"https:\/\/youtrading.com\/en\/wp-content\/uploads\/2022\/05\/rsz_ftse100_h4.jpg\" class=\"attachment-large size-large wp-image-28379\" alt=\"\" \/>\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-3cdb30a7 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"3cdb30a7\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t\t\t<div class=\"elementor-row\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-7c823985\" data-id=\"7c823985\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-column-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-4c0448ba elementor-widget elementor-widget-text-editor\" data-id=\"4c0448ba\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-text-editor elementor-clearfix\">\n\t\t\t\t<p><a href=\"https:\/\/bit.ly\/3JcZ7OZ\" target=\"_blank\" rel=\"noopener\">See real-time quotes<\/a> provided by our partner.<\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-b566bb4 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"b566bb4\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t\t\t<div class=\"elementor-row\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-72e78f0\" data-id=\"72e78f0\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-column-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-9b66a86 elementor-widget elementor-widget-text-editor\" data-id=\"9b66a86\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-text-editor elementor-clearfix\">\n\t\t\t\t<p>Currently the 7320 level is my focus point for anticipating a bullish reversal as that would be a confluence of a potential 4<sup>th<\/sup> wave decline which found support at the wave 1 apex. The 50% retracement level and also show that buyers were hanging around and possibly front running the 7300-bug figure level.<\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>Weekly Index Analysis According to former Governor Lord King, the Bank of England has made &#8220;serious mistakes&#8221; in the fight against inflation and risks an extended period of painful price increases if it fails to act immediately. In response to the Covid pandemic, Threadneedle Street officials went on a money printing spree, the crossbench peer [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":21733,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[6],"tags":[208,56,421,57,101],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v17.6 (Yoast SEO v20.11) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>The FTSE continues within its corrective pattern - Youtrading UK<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/youtrading.com\/en\/the-ftse-continues-within-its-corrective-pattern\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The FTSE continues within its corrective pattern The FTSE continues within its corrective pattern\" \/>\n<meta property=\"og:description\" content=\"I am bullish on the markets until proven otherwise. To change my mind, the indices would have to break below the recent daily swing lows. The financial media and analysts are all looking for the bear market to continue and attribute the recent move higher to a bear market rally. This could be the case, but I\u2019d rather be a buyer when I get a setup than miss out on the next most hated rally ever. It\u2019s all going to boil down to following a strategy and risk management.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/youtrading.com\/en\/the-ftse-continues-within-its-corrective-pattern\/\" \/>\n<meta property=\"og:site_name\" content=\"Youtrading UK\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/YouTradingEnglish\/\" \/>\n<meta property=\"article:published_time\" content=\"2022-05-18T17:52:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-05-18T23:08:10+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/youtrading.com\/en\/wp-content\/uploads\/2022\/01\/GettyImages-1252671679_FTSE100.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"540\" \/>\n\t<meta property=\"og:image:height\" content=\"297\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Neville Hornsey\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"The FTSE continues within its corrective pattern The FTSE continues within its corrective pattern\" \/>\n<meta name=\"twitter:description\" content=\"I am bullish on the markets until proven otherwise. To change my mind, the indices would have to break below the recent daily swing lows. The financial media and analysts are all looking for the bear market to continue and attribute the recent move higher to a bear market rally. This could be the case, but I\u2019d rather be a buyer when I get a setup than miss out on the next most hated rally ever. It\u2019s all going to boil down to following a strategy and risk management.\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Neville Hornsey\" \/>\n\t<meta name=\"twitter:label2\" content=\"Estimated reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/youtrading.com\/en\/the-ftse-continues-within-its-corrective-pattern\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/youtrading.com\/en\/the-ftse-continues-within-its-corrective-pattern\/\"},\"author\":{\"name\":\"Neville Hornsey\",\"@id\":\"https:\/\/youtrading.com\/en\/#\/schema\/person\/95b20558021997bd74f4db43fabddf85\"},\"headline\":\"The FTSE continues within its corrective pattern\",\"datePublished\":\"2022-05-18T17:52:00+00:00\",\"dateModified\":\"2022-05-18T23:08:10+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/youtrading.com\/en\/the-ftse-continues-within-its-corrective-pattern\/\"},\"wordCount\":582,\"publisher\":{\"@id\":\"https:\/\/youtrading.com\/en\/#organization\"},\"keywords\":[\"Bank of America\",\"BoE\",\"CPI\",\"FTSE100\",\"Inflation\"],\"articleSection\":[\"Index\"],\"inLanguage\":\"en-GB\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/youtrading.com\/en\/the-ftse-continues-within-its-corrective-pattern\/\",\"url\":\"https:\/\/youtrading.com\/en\/the-ftse-continues-within-its-corrective-pattern\/\",\"name\":\"The FTSE continues within its corrective pattern - Youtrading UK\",\"isPartOf\":{\"@id\":\"https:\/\/youtrading.com\/en\/#website\"},\"datePublished\":\"2022-05-18T17:52:00+00:00\",\"dateModified\":\"2022-05-18T23:08:10+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/youtrading.com\/en\/the-ftse-continues-within-its-corrective-pattern\/#breadcrumb\"},\"inLanguage\":\"en-GB\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/youtrading.com\/en\/the-ftse-continues-within-its-corrective-pattern\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/youtrading.com\/en\/the-ftse-continues-within-its-corrective-pattern\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/youtrading.com\/en\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"The FTSE continues within its corrective pattern\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/youtrading.com\/en\/#website\",\"url\":\"https:\/\/youtrading.com\/en\/\",\"name\":\"Youtrading UK\",\"description\":\"Leaders in Trader Training\",\"publisher\":{\"@id\":\"https:\/\/youtrading.com\/en\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/youtrading.com\/en\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-GB\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/youtrading.com\/en\/#organization\",\"name\":\"YouTrading\",\"url\":\"https:\/\/youtrading.com\/en\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-GB\",\"@id\":\"https:\/\/youtrading.com\/en\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/youtrading.com\/en\/wp-content\/uploads\/2020\/12\/Logo-Youtrading-2020_preto.svg\",\"contentUrl\":\"https:\/\/youtrading.com\/en\/wp-content\/uploads\/2020\/12\/Logo-Youtrading-2020_preto.svg\",\"width\":2531,\"height\":570,\"caption\":\"YouTrading\"},\"image\":{\"@id\":\"https:\/\/youtrading.com\/en\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/YouTradingEnglish\/\",\"https:\/\/www.instagram.com\/youtrading_english\/\",\"https:\/\/www.youtube.com\/channel\/UCc22BNolZpSd33lXc8utUvg\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/youtrading.com\/en\/#\/schema\/person\/95b20558021997bd74f4db43fabddf85\",\"name\":\"Neville Hornsey\",\"description\":\"Neville Hornsey holds a BA Honours 2.1 in Professional Media and has been a professional trader since 2007. 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The financial media and analysts are all looking for the bear market to continue and attribute the recent move higher to a bear market rally. This could be the case, but I\u2019d rather be a buyer when I get a setup than miss out on the next most hated rally ever. 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The financial media and analysts are all looking for the bear market to continue and attribute the recent move higher to a bear market rally. This could be the case, but I\u2019d rather be a buyer when I get a setup than miss out on the next most hated rally ever. 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