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Lambert: Mind the gap (and the abandoned baby) on the FTSE futures
Clive Lambert, the award winning chart expert, is focusing Tuesday's trade on the FTSE futures. As shown below, Friday's candle is an "Abandoned Baby" reversal on the 'day-only' chart (which takes out the overnight noise) and a major reversal pattern. Gap support is at 6548 so that's his key downside level now. To the upside, he's looking to see 6621.5, which is another gap, and then 6637.5 seen off to confirm that a bottom is in place.
01:32 minutes
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