FTSE100 has been trading inside a Channel Up since the October 13th 2022 bottom, currently pulling back after a rejection on the internal LH trendline. This has turned the 1D timeframe neutral (RSI = 48.285, MACD = 4.950, ADX = 49.378) and with the price on the 1D MA50, those are the conditions for a buy. The Buy signal trigger however would be the index crossing...
Hello Everyone! I will be looking for Uk100 Long for the following reasons: 1. the trend is bullish 2. the bullish correction has finished, hence the strong bullish run. 3. will wait for a sort of bullish flag to form to complete the right shoulder of the inverse head and shoulder, before an entry.
just a simple idea. tell me how you like the theme, I won't consider it.
UK100 - 24h expiry - We are trading at overbought extremes. Short term MACD has turned negative. A break of 7800 is needed to confirm follow through negative momentum. Short term bias has turned negative. We look for losses to be extended today. We look to Sell a break of 7799 (stop at 7838) Our profit targets will be 7701 and 7681 Resistance: 7835 /...
My simple short idea, divergance on few time frames. We are overbought, no reason for more upside for me. Take care
See chart for top-down analysis on price turning from inside out with confirmation. Trending into sideways into downtrend and looking to join the trend to the downside with SL above all structure supply.
In this video we focus on the FTSE UK100, however, the US100, US30, UK100, and DE30 are analysed to find a common theme between these four instruments. The stock markets have traded into key support levels and have been rangebound for some time. We are now seeing some bearish momentum evident in the charts. The trend, price action, price gaps, market structure,...
By analysing the stock markets at different timeframes, ranging from the three-monthly chart down to a four-hour chart, I have noticed that they have reached a significant resistance level on several higher timeframes. Furthermore, on the lower timeframe, the trend seems to display indications of weakening, and the charts seem to be range-bound. Could this signify...
UK100 - 24h expiry - Previous support located at 7740. Previous resistance located at 7800. We are trading close to the end of an ascending Ending Wedge Formation. We expect a reversal in this move. A move through 7740 will confirm the bearish momentum. We look to Sell a break of 7740 (stop at 7820) Our profit targets will be 7560 and 7550 Resistance:...
FTSE 100 has reached a major resistance after the breakdown that we called around a month ago. We are looking for a reaction at this level to possibly go short and we will updated if we take that position.
Out of all the indexes the FTSE one has the cleanest looking 5-3-5 pattern. Perfect ABC to the vwap from top. A pivot here should start another long 5-wave down. 5th wave extension will cover the most ground on capitulation.
In this update we review the recent price action in the #FTSE an identify the next high probability trading opportunities and price objectives to target
price has been ranging between bottom resistance @6780.2 and top resistance @7917.9 on a daily timeframe. 0n the 1hour timeframe there is a small resistance at 7636.6 which price retested in an ascending channel. On the 15min there is a flag which I'm using as entry with stoploss at 7661.7 and take profit at 7465.2
In this update we review the recent price action in the #FTSE and identify the next high probability trading opportunities and price objectives to target
FTSE100/ UK100 is forming a Bottom on a 1 year Support Zone. The RSI is also bottoming out. Target 7820 (+8.70% rise0> Follow us, like the idea and leave a comment below!!
Not a BATS out of hell just yet but a breakout all the same. Broken away from 2756 and a good dividend, but now has to clear 3000 last established in Jan 2020.
Hey Traders, The FTSE has been wildly moving between extremes. We can now look further at key PA levels. Watch for more.
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