The British FTSE fell slightly on Thursday, this comes after the strongest gains achieved yesterday, which was before the general mood turned to a gloomy atmosphere in the United States of America and US stocks and indices fell.

Technically:  after the FTSE broke the levels of the sub-uptrend on the daily frame and successfully retested it, and also based on the resistance levels of 8130, we expect the indicator to return to the retracements next period to focus on the levels of the main uptrend near the levels of 7770 as an initial target, which may extend to the levels of 7300 if this main uptrend is broken.

The bearish scenario fails if the levels of the broken uptrend break through.