COULD BE AWHILE BEFORE TARGETS ARE HIT AND PULL BACKS WILL OCCUR! THIS IS A MAJOR SWING TRADE SMALL STAKES, REAP THE BENEFITS!!!
Shorting FTSE100 Below 6753 targets are the green lines. Ultimate target is 6668 support level. Orders are set to short below 6753 so put them in.
Visually you should be able to understand this simple analysis, a break and a close below 6501.96 will see me enter a short either a signal on the daily or weekly ( i will do a full analysis break down explaining the whats and why's later)
The ascending support (yellow) has been broken, we can expect at least a small correction.
INTRO Here is my weekly chart of SPD (Sports Direct). With the FTSE100 entering a downtrend on it's weekly chart (a lower low followed by a lower high) I have been concentrating my stock screens to find FTSE100 stocks that are in decline. Last week I wanted to short GSK but missed it. This week the first stock to setup is SPD. ANALYSIS After making a lower low in...
INTRO Unfortunately this idea is almost entirely technically/chart based as I don't believe I can make any legitimate fundamental calls on the direction of the FTSE/UK economy until at least after Tuesday and Wednesday's calendered Bank of England events. Even then I believe it is likely that I will be waiting until after 7th May 2015 (UK general election) for...
Just bounced around the 6755 and 6671 level last week not doing much a clean break of this symetrical triangle will allow us to finaly see a move. Im expecting ftse to break lower dropping down to the 6554 area
we have had a nice run since October but can it be sustained. The MACD histogram seems to be diverging away from the rally. Can see this running up into the 3/1 line but would need to push through it for the santa rally to start. Would like to see a break of the upwards 1/1 line before entering a short it were to go that way.
After hitting a pretty strong resistive area and getting rejected fast and hard im looking to short FTSE down to 6425.06. but on the other hand should it break and close above 6611.55 area it will push up to 6760.00
I've highlighted 2 key resistance areas on the FTSE 100 which could be a trading opportunity to go short. 2 trade ideas have been highlighted (look to go short in the pink zones) along with initial profit target/position reduction areas for each. I like to scale out of positions to reduce risk as soon as possible as it helps to let winners run.
FTSE Resistance The FTSE is currently in a very strong resistance zone. It has touched this level 2 other times this year, we have seen several retracements on the FTSE this year and this seems to be where it stops the downward pressure with resistance. I have already enterered into the trade and have set a fair tight stop loss about 70 points away to ensure...
The FTSE 100 UK Index (FTSE) Daily Diagram Technical Analysis Training shows the following: The FTSE index has declined more and now is under the KUMO and EMA200 too. MACD is bearish and RSI is entering oversold levels. So the first think in mind is that FTSE will test the 6620 resistance. There is no special candlestick pattern. The index is under the Tenkan...
Gartley pattern on FTSE 100 index. Check price action near indicated entry area. If there is high volume up, it is possible that bat pattern is forming, otherwise it is short with target near c leg and stops near X. You can use tigher stop near X but 1.618 level goes over X so that is another option. It will invalidate the pattern though..
We still have room to go upside to complete Wave iii of Wave c
The FTSE 100 UK Index (FTSE) Daily Diagram Technical Analysis Training shows the following: The FTSE extended the uptrend movement last week but it declined last Thursday making a local top exactly at 6829.79. So the first think in mind is the case of a pull back towards to KUMO. MACD and RSI both are bullish. We have no special candlestick pattern . The...
GBPUSD pulled back from new supply zone resistance. might be a good idea to wait until the FTSE 100 breaks through resistance—which has held since August 19th.