The higher timeframe gives us two equally valid scenarios. On the lower timeframe, it looks like wave X is finished and that we are working on wave Y as an ABC up.
The higher timeframe gives us two equally valid scenarios. On the lower timeframe, it looks like wave X is finished and that we are working on wave Y as an ABC up.
The higher timeframe gives us two equally valid scenarios. On the lower timeframe, it looks like wave X is finished and that we are working on wave Y as an ABC up.
UK100 D1
Lots of big daily timeframes here, swing positions are certainly looking attractive across and commodities, indices and FX.
7720 is our anticipated sell zone.
The higher timeframe gives us two equally valid scenarios. On the lower timeframe, it looks like wave X is finished and that we are working on wave Y as an ABC up.
The higher timeframe gives us two equally valid scenarios. On the lower timeframe, it looks like wave X is finished and that we are working on wave Y as an ABC up.
UK100 Index Long Trading Opportunity
1. The price closed above the Trend Magic Indicator line. Strong long signal.
3. Vortex will cross and indicates strong uptrend signal.
4. Retail trader data shows 64% of traders are net-short. Strong contrarian long signal.
SL - below the Trend Magic Indicator line or Vortex indicator change trend direction signal
TP1-...
Triple Bottom seems to be forming on FTSE100...
Could it be showing signs that it wants to rally for the rest of the year?
If so, we need to wait for the price to close above the neckline before acting.
Other indicaators also show it's too early, but things can change. So we'll keep our eyes peeled.
Price <200 (Bearish)
21>7 (Bearish)
RSI<50
Target 8,280
The higher timeframe gives us two equally valid scenarios. On the lower timeframe, it looks like wave X is finished. However, as long as we see too much overlap in the upward move, we cannot exclude the secondary scenario. The secondary scenario calls for two more swings as a wave (b) and (c).
The trend on FTSE has been down and there is a chance to sell this further.
There is a harmonic pattern and the H4 and D1 are pointing downwards.
The only worry is the H4 reversal at the bottom.
The higher timeframe gives us two equally valid scenarios. On the lower timeframe, it looks like wave X is finished. However, as long as we see too much overlap in the upward move, we cannot exclude the secondary scenario. The secondary scenario calls for two more swings as a wave (b) and (c).
It looks like wave X is finished. However, as long as we see too much overlap in the move up, we cannot exclude the secondary scenario. The secondary scenario calls for two more swings as a wave (b) and (c).
It looks like wave W is finished and we can now see further downside as a wave X. It looks like wave X is missing two more swings to finish as a wxy structure.
For traders (lower timeframe):
It looks like wave W is finished and we can now see further downside as a wave X.
For investors (higher timeframe):
In the higher timeframe, investors should wait till the higher degree WXY correction is finished.
