Good evening all, I am overall forecasting a bull move coming in for the FTSE 100 shortly... this is due to price failing to maintain the HH HL price action.
We all know we trade what the market gives us which is why I always have multiple entry's for both bullish and bearish should price decide to go against my forecast. Now, every entry you see is...
Following on from my previous idea, the FTSE has continued to show strength at this level of support.
A triple bottom has formed at what looks like the bottom of the cup in a cup and handle pattern.
If FTSE traders were bearish, the drop from the rising wedge would've been steeper. The news around the vaccine spat with the EU would've also likely caused a...
The FTSE is currently sat at strong support. Sellers tried to push price lower, but the index was bought back up to form a pinbar (red arrow). Lower BB also sits at this point (see %B in bottom window).
Considering the lacklustre fall from the rising wedge and the subsequent pin bar, we can expect 6800 to break (see how long price spent lingering around the...
- Possible Nest configuration with a double 1-2 of different degrees
- Regular Flat correction in wave 2 Sub-minuette
- Leading diagonale in wave 1 Micro and double Flat WXY in wave 2
- Price actually trying to cross the EMA's and to consolidate above them
- Breakout and consolidation above the ATH would let the market go!
Next important long term target around...
Entry details are shown on the chart.
We're only looking for TP3.
Trade history can be seen below this trade idea too for full transparency.
This isn't one of our main timeframes, but I'll be doing more testing on the H2 chart over the weekend.
I try and share as many ideas as I can as and when I have time. My trades...
UK100 has been making clear impulse correction impulse. On lower timeframes, watch for shorting opportunities e.g. break of trendline near the channel resistance.
More in-depth analysis in the links below.
UK100 index has been moving in an up trend for many weeks!
Please see below rationale for the long position:
1) Long term price is to the upside - Daily & Weekly Charts
2) Price bounced back into 200 EMA (4hr chart) - Red line
3) Near term price action prompts upside - Black line drawn (still indicative rather than a conclusive trend line)
This will be a hold...
This is making a retrace after spiking 3 days ago. I am looking for an entry around 0.5 Fibonacci as this aligns with some previous resistance although it is best to wait for confirmation as it could drop further. Once we see a rebound target will be at a new high and where it will meet resistance of 7004.
FTSE 100 has had a big push higher, want to see a retrace before entering a long. Once it peaks on the current spike look for retrace to around 0.382 Fibonacci for entry. I have set target at a new high of 7004.4 although there will likely be some resistance at the previous high so can also take profit there and re-enter on the retrace from there.
Impulse move now corrected to the initial demand zone
IF unchanged / positive Economic data Look for potential Longs
19TH OF Feb (Multiple FTSE companies Earnings report ) A day to watch IF trade ongoing.
Been holding this short trade since last week Monday and it seems to still be very valid.
6600-6400 seems to be a an area that price is going to find support and once it is found, a massive drive upside could be possible with new ATH for the FTSE.
This has retraced as expected to previous resistance and 0.5 Fibonacci. I will be waiting to see how this develops before entering a long as this could drop further, watch for the EMA's to cross back over or come very close to. If the price does hold this level then a target TP can be 7031.
With in a 52wk range there has been a high of 4,993,89-7,585,98 on index value. with it on a negative slope, working out if it will fall below the index value of 6400,0 as of previous events brings me uncertainty. With the average constituent size of 15,010 and the highest being of 109,418. Buy or sell ???