Hi there. Price is moving impulsively to the downside. Wait for the price to complete the pattern and watch strong price action for sell.
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I am currently looking to sell this index. It is no surprise to anyone who reads my ideas ,not many:p, that I am of the option that whilst the latest inflation data coming from the UK has ticked lower, I believe it will again raise its head to bite the UK on its ar$e. I guess more importantly, I think the inflation data coming out of the US over the coming...
Friday was the most bearish day for the FTSE since September, as concerns over SVB (Silicon Valley Bank) and the potential for contagion across the finance sector weighed on sentiment. Yet a joint statement from the Fed, Treasury and FDIC (Federal Deposit Insurance Corp) released on Sunday assured that deposits at the bank will be guaranteed, which helped boost...
In this update we review the recent price action in the FTSE and identify the next high probability trading opportunities and price objectives to target
Previous support located at 7950. Previous resistance located at 8000. The correction lower is assessed as being complete. Further upside is expected. Risk/Reward would be poor to call a buy from current levels. Our profit targets will be 8006 and 8024 UK100 - Intraday - We look to Buy at 7926 (stop at 7894) Resistance: 800 / 8050 / 8100 Support: 7950 /...
Taken a few months but the UK short Target has been reached. Expecting things to plateaux from here. Best, HF
The FTSE snapped a 4-day losing streak yesterday, after the pullback from its record high found support along the bullish trendline. A bullish engulfing candle also closed above the 10 and 20-day EMA’s, after the RSI (2) went into oversold territory the day prior. So it appears a swing low has formed and we’re looking for a move back above 8,000 whilst prices...
A review of the price action from the European session and recap of US price action as US indexes followed on from some strength this time in the Asian and European trade. The US gapped up on the open, sold off hard only to bounce back into the close to wipe off the majority of the earlier losses. I look at some key levels to watch and the price action setups I...
In this update we review the recent price action in the FTSE and identify the next high probability trading opportunity and price objectives to target
In this update we review the recent price action in the FTSE and. identify the next high probability trading opportunity and price objectives to target
UK100 - Intraday - We look to Sell a break of 7899 (stop at 7943) Previous support located at 7900. Previous resistance located at 7975. Bearish divergence can be seen on the 4 hour chart (the chart makes a higher high while the oscillator makes a lower high), often a signal of exhausted bullish momentum, or at least a correction lower. Price action looks to...
Who said the financial markets were rational? I guess no one, but why people always try to find reasons for an asset to go up or down. When you look at the UK economy and the FTSE making new 'All Time High', we understand my first setence. Price could go much higher if this 'Expanding Diagonal Figure were to play out'
We have been patiently waiting for momentum to turn higher, which it finally did yesterday thanks to the dovish 50bp BOE hike. It closed above its recent consolidation, having formed several lower spikes which held above historic highs. From here we now fancy a retest of its YTD high and move towards 7900, near its record high.
Looking at the H4 chart, my overall bias for FTSE is bearish due to the current price being below the Ichimoku cloud, indicating a bearish market. Looking for a sell stop entry at 7724.1, where the recent low is to ride the bearish momentum. Stop loss will be at 7811.8, slightly above where the 50% Fibonacci line is. Take profit will be at 7620.5, slightly below...
FTSE 100 Clear trendline up, pattern formed - you could wait for daily close and see if this bearish formation comes into fluorescent. Key an eye 1. Trendline and 2. The pull back reaction (Whos in control) Trade Journal
In this update we review the recent price action in the FTSE100 and identify the next high probability trading opportunities and price objectives to target
FTSE shows an incomplete bullish sequence from 10.13.2022 low favoring further upside. Up from 10.13.2022 low, rally is unfolding as a 5 waves impulse Elliott Wave structure. Wave (1) ended at 7599.7 and dips in wave (2) ended at 7303.68 as the 1 hour chart below shows. Wave (3) higher is in progress with internal subdivision as another 5 waves in lesser degree....