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...
- The falling wedge is broken. - Break below EMA50. CRITICAL SUPPORT at EMA100/MA200 or 6959-6984. If this support breaks, the 15% drop mapped on this chart becomes inevitable. These markets close on weekends which means that this week we will have the worst close in years. Nothing new here... It is the same as with the SPX (S&P 500 Index), DJI (Dow Jones...
TRAITS OF SUCCESSFUL TRADERS TRAIT 1: SUCCESSFUL TRADERS CUT LOSSES, LET PROFIT RUN. ---------->when trading, follow a simple rule: seek a bigger reward than the loss you risk. TRAIT 2: SUCCESSFUL TRADERS USE LEVERAGE EFFECTIVELY. ---------->to calculate leverage, divide your trade size by your account equity. i use min leverage between 2%-10% only. TRAIT 3:...
Here we have our FTSE 100 Full Analysis, After global tensions increasing and the UK Putting sanctions on Russia we have seen a fall in the price of the FTSE followed by a rise on Good company earnings and Oil company profits with rising prices due to the threat of supply. As we return to former highs and some strong resistance we can look to get short on the...
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 larger wave that may have preceded a correction or triangle. Based on a count, we are in a zigzag motion, and from this zigzag, waves a and b are over, and now we are...
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 larger wave that may have preceded a correction or triangle. Based on counting, we are in a zigzag motion, and from this zigzag, waves a and b are over, and now we are...
Hi All I continue to watch the FTSE and all indices waiting for the second leg lower to take place. I think the break above the ascending line was a false breakout, and with the bearish engulfing daily candle that printed a few days ago, as well as divergence against the RSI. I think the FTSE will drop considerably over the coming months I think a target in...
A quick look at the FTSE100 Index using the traditional Ichimoku Cloud Settings of 9,26,52,26 and the MACD Indicator. The Ichimoku Cloud Conversion Line (Tenkan Sen) is indicating that the Mid-Point of the Short-Term momentum is downwards at the moment. The Ichimoku Cloud Base Line (Kijun Sen) is indicating the Mid-Point of the Mid-Term momentum is sideways at...
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 larger wave that may have preceded a correction or triangle. Based on a count, you are in a zigzag motion, and from this zigzag , waves a and b are over, and now we...
For more Daily Detailed analysis, go ahead and click on the follow button. If you have any questions, please do ask them! Here we have our Detailed FTSE 100 chart.. On the latest Market sentiment we have seen a drop to the downside. This move has left us nearer our Key MA's and some comfortable support areas. We are looking long slightly lower on this mornings...