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...
FTSE 100 Index trending higher on the weekly chart; current price is above its 10 week moving average (bullish); both the 4 and 13 week rate of change indicators above zero (bullish); upside prospects for the short to medium term (5-49 days) spotted at 8,023 and 8,203, while downside price risk below 7,742 implies the end of the prevailing up-trend. Not...
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
It looks like the FTSE has found a top. I'm expecting the price to 'Re-balance' the Daily Imbalance of last week before continuing trending lower. I have set an alarm if to this BLUE AREA (Daily Imbalance).
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...
Redrawn initial Gartley Harmonic (Believe completed) however, a larger Bullish Gartley Harmonic possibly in play. The fib levels mostly technically line up but for B to C where the price move seems to be in excess at 0.943. Fib B to C - Target D = 1.272 a reasonable target, should the price move or exceed 1.618 then likely be invalidated. Courtesy of Investopedia...
I'm looking at the BLUE BOX where I can see a prince IMBALANCE. It's going to be juicy next week I believe.
This very looks like an ending diagonal and you best believe that the downfall will be pretty explosive!
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.
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
The UK 100 index is making a correction. The price has the potential to break the trend line and continue to new highs. Or does it want to reach the daily resistance zone?
4 hour price is at top of channel, 30 min double top and rising wedge. Looking to sell short, target 1 yesterdays close, target 2 yesterdays low.
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
Setup: Holp reversal Trade rating: 3/5 Reward: risk: 3:1
Setup: Squeeze breakout Trade rating: 4/5 Reward: risk: 3:1
So this is the weekly of the ftse 100 and I have posted the monthly today as well . The end not the beginning Best of Trades Wavetimer
The chart posted and the labeling on it has not changed since I wrote and posted it back in dec 2021 .What comes next in 5 TH WAVE DIAGONAL IS NOT GOOD AT ALL BEST OF TRADES WAVETIMER