The world is focused on the US indexes which have recently broken down out of the uptrend. The question is now whether there is more downside to come which could turn into a major selloff after such a big Fed Fueled pandemic rally. I take a look at the price action and major levels of the Key Indexes. In the US - DOW, SP500 and Nasdaq Europe - DAX, FTSE and...
UK100 has recently touched its long-term uptrend line, bounced up twice from the line and formed a potential double bottom pattern. We can see that price has touched this uptrend line many times in the past and then reversed by forming reversal patterns. Therefore, we will be looking for buy opportunities at this stage. Our task now is to wait for a neckline...
We have a lower high on the UKX chart compared to Feb. 2022. Also notice the MACD histogram going red and bearish cross: This index is getting ready for a major drop. Watchout. Namaste.
We have not very good situation with inflation Still there is a war All major indexies had bigger corrections but uk100 has not and of course we are going up and hitting to ATH resistance soon so in my opinion the price could drop a little bit 2-4% to the downside. we will see, it's not a recomendation but I'm curious what do You think. It here any other...
Hellooooooo PIPIN TRADERS. This is one of the trades I will be looking at for the next few days before I post another update/analysis on this index, RISK TO REWARD 1:4
Looking for the short setup on the H1 or M15 - seeking bearish PA confirmation aiming to the downside target of 7480. Management target around 7540.
FTSE100 - Where to next? Technical pattern break out to either direction! It's been my favourite trade since 2019. However, it does look a little overextended but let's see which way it breaks out towards and that's trade I will be taking short term Don't forget - Follow your trade plan! Trade Journal
Just when it reached the high again, $FTSE violently reversed the upside and is breaking below the rising wedge and all the downsie resistances established lately. From here I am not seeing any breaks till 7400
Counter trend rally looks to be at the top. Could be a long way down from here to retest the lows.
FTSE 100 remains green but pegged back by Next disappointment, US markets open higher US stocks open higher but the positive US tech sentiment isn't global FTSE 100 up 11 points at 7,471 Sunak holds back £32bn 'war chest' claim P&O boss may accept bonuses despite mass and immoral sacking As expected, US stocks opened slightly higher, rebounding from some of the...
I will be looking to take a short based on the following analysis . FTSE Approaching Major resistance with a HVN *High Volume Node up ahead as well as untapped Monthly and Daily levels . If this plays out I would expect PA to gravitate down to the 0.618 FIB for a strong level of support Housing the 9 , 30 , 50 and the 100EMAS all clustered in-between the...
A-B and then C coming. Due to higher inflation than expected, Higher risk os escalation in Ukraine-Russia with another nations and big overbought market in the short term Good opportunity to load shorts
Where to next? Quick trade idea! A break to either direction. Trade Journal Disclaimer: Not Financial Advice
Entered a nice short, anticipate bearish correction with potential for bear market.
The UKX ran above Jan 19 2022 highs only to reject, breaking the Feb 4 2022 low, initiating a market structure shift on the daily timeframe. Price continued to decline with Feb 24 being an extreme down day due to the events transpiring in Ukraine. I am looking for a retrace to 7280 -7360 before price continues to the down-side with Target 1 reaching for 7100,...
Ftse100 is currently retracing after a very big movement to the downside. This retracement can take us up to the golden area of 7145. Here we can sell to push prices back down to the support area of 6900, if broken can take us to areas of 6575-6337.
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. It should be said that this symbol has entered a new phase and this is a descending phase. But in the definition of the previous trend, three waves are formed in a zigzag pattern, the last wave of which,...
Last week we witnessed a 6.78% decline in the FTSE 100 and just a few hours into this week, price has already declined 2.81%. The major support of the daily 200 simple moving average failed to hold price up last week so we must look at further levels of support. Since May 2021 a low was formed at 6823 and has held strong ever since. There was an attempt to break...