The trend is likely to reverse when the trend reversal is 75%. A breach of a key reversal level implies a neutral position.
The FTSE 100 is trading in pre-open more or less where it closed last week. Yesterday was a Bank holiday in the UK, the FTSE may have some catching up to do as the S&P was firmer yesterday. But upside could be limited because the UK index is approaching an important resistance are between the 61.8% Fibonacci projection at 6855 and the previous high at 6866 (February high). There is certainly potential for a rally based on the fact that sentiment is bullish.
On the negative side we have increased tensions in Ukraine and disappointing data coming from China. At the moment investors seem to ignore the unrest in Ukraine, so markets are still trending higher.