The British FTSE is trading the lows of the broken uptrend on the daily frame.

We are waiting for the indicator to retest this broken trend, which corresponds to a pivot on the levels of the daily downtrend, which will also be close to the 50 Fibonacci levels near 7750/85, from which we target the 7430 levels as an initial target and then the 7285 levels.

This scenario fails if the indicator breaks through the 7630 levels upwards.