Once again at the top of the channel. Bearish RSI divergence continues. Good RR for a short
From a Pro FTSE Stock Index trader.. Looking for the FTSE to come back to the Support + Mixture of MA's and we will look long again. For now, It is short back down to this area, where we will then flip long. Lets get it!
Index has reached the top of the upward channel. I would expect to see a pullback here. RSI has failed to make a higher high in line with the price action, indicating divergence.
We are using our POW reversal strategy for this trade a UK100 long. Trade details for current trade are shown on the chart. We are working the 15M time frame on this strategy. We're looking for the green line which is take profit target. Little blue arrow is entry point and purple line is stop loss. Trade history can be seen at the foot of this trade idea too...
We hit target out the gates this morning, but the subsequent bounce has offered another opportunity to re-short. Stops at 7255. Targeting initially 7190, but would like to see 7150 tested. Month end today so volatility not unusual.
Index has broken upward sloping support and has been consolidating below prior support for the majority of the day. I favour further downside - looking initially for 7180 region.
Financial Times Stock Exchange (FTSE) has continued higher following other major indices world wide. Short term Elliott Wave view suggests the rally from September 20, 2021 low is unfolding as a 5 waves impulse Elliott Wave structure. Up from September 20 low, wave 1 ended at 7159.61 and pullback in wave 2 ended at 6945.04. Index then resumes higher in wave 3...
Followed by news for less than expected inflation expansion in the UK and an hourly uptrend since 6 Oct, FTSE is expected to retest POST-COVID highs. Technical analysis for fibbonaci extensions levels and Elliot impulse wave, suggest that a final extensions WAVE 5 is expected towrd 127.2% extensions of current trend. (7335.1) Open Position at100% breakout...
Taking some profits here as we hit resistance. Will looking to start accumulating again if/when we re-test 31. I was overweight the ETF ahead of the divi so happy to go slightly underweight here
Massive push higher this week on FTSE and RSI looking very overstretched on shorter time framed charts. Good place to take profit on long positions or alternative a small short position with a tight stop. Would like to see the 7060 area re-tested
Hello everyone, I hope you are all doing amazing! We are currently sitting at the resistance of the channel we have formed on the Daily. There are 2 support levels to look for on the chart, where if Short position is taken, may be used for TP. Wish you all good luck!
The China market is very dependent on several industries: Technology, Real Estate, Manufacturing. Chip Shortage, Evergrande defaults and Power Outages directly opposes the rise in these industries. Triple Whammy.
Buy area at 2480-2460 Stop lose if break 2300 TP at 2850 for 1 week (swing trade) On 28 September 2021 at 14.00 WIB, Bank Agro will hold a meeting with shareholders (RUPS). with agenda, discussion 1. company name change 2. Super apps launch With this good catalyst, we can assume that market players will increase AGRO's stock price. IDX:AGRO
The rally in UK stock markets has looked vulnerable for some time and with investors seemingly getting nervous in recent weeks, leading to some interesting pullbacks, a larger correction could lie ahead. A break below 7,000 a couple of weeks ago could have triggered a much steeper decline but the index ran into strong support around 6,800 where the 200/233-day...
Trade details for current trade are shown on the chart. We are working the 15M time frame on this strategy. We're looking for the green line which is take profit target. Little blue long arrow is entry point and purple line is stop loss. Trade history can be seen at the foot of this trade idea too for full transparency. Previous two trades can also be seen on...
The UK 100 has struggled to push on over the last month, with nerves in the markets seemingly taking their toll on the rally. We've seen a couple of pullbacks that appeared to indicate the index was vulnerable to a larger correction but each time it showed strong resilience and headed back towards the highs. Recently though, the bearish case has been building....
What has the highest probability of occurring? Since early May 2021 price has rotated from 7200 resistance to 6800 support and back again on 2 occasions. There are two classic patterns forming within these rotations. The broadening top is currently valid with 3 tests of the upper trendline. The recent rejection at 7200 appears to be what Bulkowski describes as...
Q: What has the highest probability of occurring? There is a lot of volume being traded but the market is moving sideways. The expiration date on the 3rd Friday of the 3rd quarter is approaching. Traders are rolling forward their contracts from September to December. It makes for quite difficult trading of classic patterns. A rise in false breakouts. Consider...