UK100 - 24h expiry There is no indication that the rally is coming to an end. Further upside is expected. Risk/Reward would be poor to call a buy from current levels. A move through 7550 will confirm the bullish momentum. The measured move target is 7650. We look to Buy at 7500 (stop at 7450) Our profit targets will be 7620 and 7650 Resistance: 7550 /...
UK100 This has just bounced from the $7400 DEMAND zone created in SEPT, looks like it might come up to test the 50 EMA and I will be waiting for the reaction from there to trade it either way!
UK100 is rising towards an overlap resistance and could potentially reverse off this level to drop lower. Sell entry is at 7647.16 which is an overlap resistance that aligns with the 38.2% Fibonacci retracement level. Stop loss is at 7700.00 which is a level that sits above a Fibonacci confluence i.e. the 61.8% retracement and the 100.0% projection levels. Take...
UK100 was trading in strong bullish channel till the sellers took control from channel resistance and has given the massive sell rally. That sell rally break the ascending trendline. Now the price is retesting the broken channel and broken support level with strong bearish divergence. it seems like the sellers can attack again this bearish confluence. If the...
Today's focus: UK100 Index Pattern – Continuation Pattern Support – 7629 - 7588 Resistance – 7720, 7916 Thanks for checking out today's update. Today, we have run over UK100, breaking down the overall price picture, levels, and patterns and incorporating moving average and RSI into the analysis. The primary focus of today's look at the UK100 is the current...
In this video, we undertake an extensive examination of the US100. In recent time frames, the NASDAQ has experienced significant bullish sentiment, leading to a substantial surge toward a crucial resistance level. Throughout the video, we explore the potential for a trade opportunity involving the FTSE. This analysis is based on a thorough evaluation of price...
FTSE 100 just crossed over the LH trendline that was the major Resistance for this year since February 16th. Technically it was the top of the seven month Descending Triangle that delivered rejections to the S1 Zone. This breakout also crossed over the 1D MA200 turning the 1D timeframe overbought technically (RSI = 73.837, MACD = 28.900, ADX = 29.659). R1 (7,720)...
The FTSE 100 Index (UK100) is consolidating on the 1D MA50 (blue trend-line) for the 5th straight day. This is the first pause to the uptrend that started on the August 18 bottom, right on the 6-month Support Zone. With the 1D RSI still not close to the overbought barrier and the 1D MACD on a Bullish Cross, this is the last bullish signal towards the Lower Highs...
🔸Hello traders, today let's update the 2daily chart for UK100. We are currently testing weak s/r level near 7300, however I expect the level to break soon and more downside. 🔸Price was rejected off the highs recently and correction in progress now expecting more losses until we bottom out near 6900, which is a great level to buy/hold for the bulls. expecting a...
UK100 / 4H Hello traders, welcome back to another market breakdown. FTSE is rallying back again above an old high which can be a run for stops. I'll be looking for more confirmation with a clean invalidation if it comes back bellow the Mid. Checkout the chart for the levels and my trigger plan for a swing trade. Trade safely, Trader Leo.
The UK stock market continues unstable dynamics against the background of an upward correction in the bond market, which even positive corporate reports cannot compensate for. Thus, the automaker Rolls-Royce Holdings plc recorded revenue growth to 6.950B pounds, exceeding the 6.059B pounds expected by analysts, and earnings per share of 0.0218 pounds compared to...
The FTSE 100 Index (UK100) is consolidating above the Support of the 1D MA200 (orange trend-line) with the 1D RSI at 66.250. This is the symmetrical level is was trading at during the November 04 - 09 2022 consolidation. Both near the 1.5 Fibonacci extension level. That fractal eventually broke upwards, hit the Lower Highs trend-line (the dominant Resistance) and...
UK100 is trading at strong supply zone and also created very strong bearish divergence, these confluences putting sell pressure on uk100. as the inclining trendline also waiting for 3rd pivot to trendline. Will UK100 decline to support area ?
🔸Hello traders, today let's review the daily chart for UK100. Recently solid gains and we re-tested the ATH however correction/pullback in progress now. rejection near 7900. 🔸This is a setup based on repeat price fractal. 7615 heavy resistance overhead, right now we are trading at 7265, pullback in progress and expecting further losses this week/next week. key...
Place buy stop above trendline on UK100 or wait for trnsline to break to get entry. Manage your risk accoring to account size.
UK100 / 4H Hello traders, welcome back to another market breakdown. FTSE has been reversing making new lows, the price is in pull-back mode now which is an opportinity to get on the current trend. I'll be studying a position around the sell zone showen on the chart. Trade safely, Trader Leo.
Earlier we wrote about the reasons for the weak behavior of the UK stock market. Firstly, it is the highest inflation among the G7 countries. Yesterday JP Morgan analysts suggested that the base rate in the UK could be raised to 7% under certain scenarios. And the likelihood of a hard landing for the British economy next year is rising due to the impact of...
Hi there, Looking at UK100 index which is approaching a MAJOR support level OB. Uk100 has currently wicked some liquidity below the Lows of 1 june and forming some bullish hammer candles. But we want to see some big hammer candle or bullish engulfing candle to enter for longs as well as change of character on the trend. 4hr time frame = bearish 1hr time frame =...