UK FTSE stock is moving in trend

UK economy is strong, its stock market follows the up channel so far.  Following the Hi-Lo of the cycle can definitely make a return.  
Now, FTSE may not turn downward as the cycle project, because of the stimulus and lowering of interest rate from ECB.  This will push capital into UK market where the economy gives more confidence to investors.
So, it is time to monitor if it will rally further to break the upper bound of this channel.  If not, than lets guess another cycle is on. (for this pure technical view).