Hello traders, FTSE 100 (UKX) in daily timeframe , this analysis has been prepared in daily timeframe but has been published for a better view in 2 day timeframe. All of these counts correspond to a b wave at a higher time. This wave b is formed in the form of a zigzag and from this zigzag the waves a and b are finished and the wave c is being formed. From wave c,...
Trade Proposal: There is a probability of first tp to the proposed ( 45000 ) Direction line. So, Traders can set orders based on Price Action and expect to reach short-term goals. Technical analysis: UKX is in Downtrend and It is Expected to Continue Downtrend.
Hello traders, FTSE 100 (UKX) in daily timeframe , this analysis has been prepared in daily timeframe but has been published for a better view in 2 day timeframe. All of these counts correspond to a b wave at a higher time. This wave b is formed in the form of a zigzag and from this zigzag the waves a and b are finished and the wave c is being formed. The c-wave...
Hello traders, FTSE 100 (UKX) in daily timeframe , this analysis has been prepared in daily timeframe but has been published for a better view in 2 day timeframe. The whole wave we counted corresponds to wave b at higher times. This wave b is formed in the form of a zigzag and from this zigzag the waves a and b are finished and the wave c is also being...
Feeling heavy up here after being rejected by overhead resistance... next up 7320 (lateral support)
Hello traders, FTSE 100 (UKX) in daily timeframe , this analysis has been prepared in daily timeframe but has been published for a better view in 2 day timeframe. The wave we counted is actually wave b at higher times, it is zigzagged. And this zigzag is in normal conditions in every way. Wave c moves as much as wave a and is a good point for its end and the...
UKX looks toppy from a cycle view Stay tuned for potential reversals.
Hello traders, FTSE 100 (UKX) in daily timeframe , this analysis has been prepared in daily timeframe but has been published for a better view in 2 day timeframe. According to the previous waves, this wave that we counted is wave b and wave b is formed in a zigzag pattern. And we assume that this zigzag is over and wave c waves are formed. We are inside wave 1 of...
Bounced nicely as expected but has run a little too hard out the gates for my liking. Up against lateral resistance and hidden bearish RSI divergence confirms. Would like to see 7090 area re-tested
Rsi divergence coupled with some long tailed candles. Small long targetting 7085.. Stop at the todays lows
I think theres a decent RR on offer here for a small long... stop at this mornings lows. Targeting 7140, 7155 and 7180
After a false break higher out of the upward channel (bearish), the sell off has been relatively quick. Currently a bear flag building. First target is 7185 with lateral support coming in around 7140
Once again at the top of the channel. Bearish RSI divergence continues. Good RR for a short
Index has reached the top of the upward channel. I would expect to see a pullback here. RSI has failed to make a higher high in line with the price action, indicating divergence.
We hit target out the gates this morning, but the subsequent bounce has offered another opportunity to re-short. Stops at 7255. Targeting initially 7190, but would like to see 7150 tested. Month end today so volatility not unusual.
Index has broken upward sloping support and has been consolidating below prior support for the majority of the day. I favour further downside - looking initially for 7180 region.
Taking some profits here as we hit resistance. Will looking to start accumulating again if/when we re-test 31. I was overweight the ETF ahead of the divi so happy to go slightly underweight here
Massive push higher this week on FTSE and RSI looking very overstretched on shorter time framed charts. Good place to take profit on long positions or alternative a small short position with a tight stop. Would like to see the 7060 area re-tested