FTSE100 To Test Major Support Level Soon

FTSE100 (UK100) tries to hold 5600 after multiple failed attempts to overtake 5800. It is currently sitting on a support level. The 4-hour chart is showing us that it is in a descending channel that could form into a bullish flag.

What do we have here?
✔️ Descending Channel Following Longer-Term Downtrend
✔️ FTSE100 - Losing Support Level at 5600

Thank you, Connor,

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