Friday was the most bearish day for the FTSE since September, as concerns over SVB (Silicon Valley Bank) and the potential for contagion across the finance sector weighed on sentiment. Yet a joint statement from the Fed, Treasury and FDIC (Federal Deposit Insurance Corp) released on Sunday assured that deposits at the bank will be guaranteed, which helped boost...
FTSE 100 Index trending higher on the weekly chart; current price is above its 10 week moving average (bullish); both the 4 and 13 week rate of change indicators above zero (bullish); upside prospects for the short to medium term (5-49 days) spotted at 8,023 and 8,203, while downside price risk below 7,742 implies the end of the prevailing up-trend. Not...
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
Previous support located at 7950. Previous resistance located at 8000. The correction lower is assessed as being complete. Further upside is expected. Risk/Reward would be poor to call a buy from current levels. Our profit targets will be 8006 and 8024 UK100 - Intraday - We look to Buy at 7926 (stop at 7894) Resistance: 800 / 8050 / 8100 Support: 7950 /...
Taken a few months but the UK short Target has been reached. Expecting things to plateaux from here. Best, HF
It looks like the FTSE has found a top. I'm expecting the price to 'Re-balance' the Daily Imbalance of last week before continuing trending lower. I have set an alarm if to this BLUE AREA (Daily Imbalance).
The FTSE snapped a 4-day losing streak yesterday, after the pullback from its record high found support along the bullish trendline. A bullish engulfing candle also closed above the 10 and 20-day EMA’s, after the RSI (2) went into oversold territory the day prior. So it appears a swing low has formed and we’re looking for a move back above 8,000 whilst prices...
In this update we review the recent price action in the FTSE and identify the next high probability trading opportunity and price objectives to target
UK 100 overbought at 1W and 1D. There's also a divergence playing out at last movement, the uptrend is fragile and about to break downwards. TP @7321, SL @8010
The UK inflation rate has dropped to a 5-month low of 10.1%. This tells us that the peak inflation may be behind us. The decrease in transport costs, as well as restaurants and hotels, were the main drivers of the lower inflation rate. However, if we compare it to other developed nations like the US, France, and Germany - the UK's inflation rate is still quite...
In this update we review the recent price action in the FTSE and. identify the next high probability trading opportunity and price objectives to target
UK100 - Intraday - We look to Sell a break of 7899 (stop at 7943) Previous support located at 7900. Previous resistance located at 7975. Bearish divergence can be seen on the 4 hour chart (the chart makes a higher high while the oscillator makes a lower high), often a signal of exhausted bullish momentum, or at least a correction lower. Price action looks to...
I'm looking at the BLUE BOX where I can see a prince IMBALANCE. It's going to be juicy next week I believe.
This very looks like an ending diagonal and you best believe that the downfall will be pretty explosive!
Who said the financial markets were rational? I guess no one, but why people always try to find reasons for an asset to go up or down. When you look at the UK economy and the FTSE making new 'All Time High', we understand my first setence. Price could go much higher if this 'Expanding Diagonal Figure were to play out'
Watched this one for a while as it has resisted at 0.382 resistance from Trend-Based Extension drawn from Low to high to low. Wedge drawn as confluence. Interesting.
We have been patiently waiting for momentum to turn higher, which it finally did yesterday thanks to the dovish 50bp BOE hike. It closed above its recent consolidation, having formed several lower spikes which held above historic highs. From here we now fancy a retest of its YTD high and move towards 7900, near its record high.