The FTSE 100 has been gaining ground recently, with a 2.95% move for January 2022 alone. December was up 4.62%, so there is clear momentum right now. This brings a nice change from the sideways movement we had between May - October 2021. Following the all-time high created on May 2018 at 7903, price declined, gaining momentum during the peak covid pandemic in...
The UK100 has been going from strength to strength in recent weeks, relatively undeterred by the wobble in broader stock markets over the last week or so as it eyes January 2020 highs above. It's already back in pre-pandemic territory and the momentum indicators on both the daily and 4-hour charts continue to look healthy. That may suggest resistance around 7,560...
Hello traders, FTSE 100 (UKX) in daily timeframe , this analysis has been prepared in daily timeframe but has been published for a better view in 2 day timeframe. All of these counts correspond to a b wave at a higher time. This wave b is formed in the form of a zigzag and from this zigzag the waves a and b are finished and the wave c is being formed. The c-wave...
There are two setups on this chart: 1. Buy Setup We expect the price to pull back to the Supply Zone where we are looking to sell and take profit at the next Demand Zone. 2. Buy Setup If setup 1 plays out as expected and the price return to the demand zone (setup 1 target), we will buy at the level and take some profit at 7481.6 area. I personally will be...
Feeling heavy up here after being rejected by overhead resistance... next up 7320 (lateral support)
UK100 has created a sell profile again. Note: This is a second entry after the initial longterm entry.
Short-term Elliott wave view in FTSE suggests that the rally to 7404.31 high ended wave ((1)). Down from there, the index is doing a pullback in wave ((2)) to correct the cycle from the 10/28/2020 low before the upside resume. The internals of that pullback is unfolding as Elliott wave zigzag structure where initial decline to 7198.76 low ended wave 1. Then wave 2...
Rocket is about to take off. Look at this weekly volume and candlestick in relation to recent history. This share is way oversold. IPOd at 500p and lost over 70% of its value from ATH due to untrue and inflated press reports. The business is doing brilliantly
Traders, FTSE (UK100) completed a huge bearish W pattern which gave us the level 7339. (See the attached idea). It missed the an important pre-covid level where we have a gap left. Last time it came very close and fell down for an initial reaction to create a bear trap. Now it will most probably try again to close that gap up and collect few stop losses around the...
Bounced nicely as expected but has run a little too hard out the gates for my liking. Up against lateral resistance and hidden bearish RSI divergence confirms. Would like to see 7090 area re-tested
Don't forget to click the follow button to get detailed daily analysis, Here we have our UK 100 (FTSE) chart. This is an asset I trade daily. With the current news sentiment we have seen a fast and sharp move down followed by a swift rebound. we are at Key MA's and some good support. We are looking to get long again. TGT area is noted by the Blue arrow on the chart.
Rsi divergence coupled with some long tailed candles. Small long targetting 7085.. Stop at the todays lows
I think theres a decent RR on offer here for a small long... stop at this mornings lows. Targeting 7140, 7155 and 7180
Short-term Elliott wave view in FTSE suggests cycle from September 20, 2021 low has ended with wave (1) at 7403.36. The Index is currently correcting that cycle within wave (2). Internal subdivision of wave (2) is unfolding as a zigzag Elliott Wave structure. Down from wave (1), wave ((i)) ended at 7342.61 and rally in wave ((ii)) ended at 7370.01. Index resumes...
After a false break higher out of the upward channel (bearish), the sell off has been relatively quick. Currently a bear flag building. First target is 7185 with lateral support coming in around 7140
The UK100 has been on a good run in recent weeks, in keeping with the broader trend in stock markets that have reacted very positively to a strong third-quarter earnings season. This followed an adjustment prior to the start of the season as investors started pricing in earlier and earlier rate hikes, not to mention more of them over the next couple of years, in...
Short Term Elliott Wave view on FTSE suggests the rally from September 20, 2021 low is unfolding as a 5 waves impulse. Up from September 20 low, wave 1 ended at 7159.61 and dips in wave 2 ended at 6945.50. The Index then rallies higher in wave 3 towards 7281.176, and pullback in wave 4 ended at 7192.05. Internal subdivision of wave 4 unfolded as a zigzag structure...
Once again at the top of the channel. Bearish RSI divergence continues. Good RR for a short