The higher timeframe gives us two equally valid scenarios. On the lower timeframe, it looks like wave X is finished and that we are working on wave Y.
The higher timeframe gives us two equally valid scenarios. On the lower timeframe, it looks like wave X is finished. However, as long as we see too much overlap in the upward move, we cannot exclude the secondary scenario. The secondary scenario calls for two more swings as a wave (b) and (c).
The higher timeframe gives us two equally valid scenarios. On the lower timeframe, it looks like wave X is finished. However, as long as we see too much overlap in the upward move, we cannot exclude the secondary scenario. The secondary scenario calls for two more swings as a wave (b) and (c).
It looks like wave X is finished. However, as long as we see too much overlap in the move up, we cannot exclude the secondary scenario. The secondary scenario calls for two more swings as a wave (b) and (c).
It looks like wave X is finishing. We might be working on the final swing of the corrective move down.
It looks like wave W is finished and we can now see further downside as a wave X. It looks like wave X is missing two more swings to finish as a wxy structure.
For traders (lower timeframe): It looks like wave W is finished and we can now see further downside as a wave X. For investors (higher timeframe): In the higher timeframe, investors should wait till the higher degree WXY correction is finished.
As forecasted we saw more upside in the FTSE. We now reached areas from where we can start to reverse. We are looking for exhaustion signs to end wave A.
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...
As forecasted we saw more upside in the FTSE. We now reached areas from where we can start to reverse. We are looking for exhaustion signs to end wave A.
I was stalking a sell on the FTSE100 as it came up as a pair of high interest in my preparation for the day (covered in my market prep stream earlier today). I have seen signs of the M15 buyers getting trapped, which has triggered the sell entry.
In this update we review the recent price action in the FTSE 100 and identify the next high probability trading opportunity and price objectives to target PAST PERFORMANCE NOT INDICATIVE OF FUTURE REULTS
As forecasted we saw more upside in the FTSE. We now reached areas from where we can start to reverse. We are looking for exhaustion signs to end wave A.
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...
As forecasted we saw more upside in the FTSE. We now reached areas from where we can start to reverse. We are looking for exhaustion signs to end wave A.
As forecasted we saw more upside in the FTSE. We now reached areas from where we can start to reverse. We are looking for exhaustion signs to end wave A.
I got stopped on my earlier UK100 sell. But I believe BOE's rates decision has printed a larger trap to trigger the same sell idea. Hence, I am re-entering the trade.
In this update we review the recent price action in the FTSE100 and identify the next high probability trading opportunity and price objectives to target PAST PERFORMANCE NOT INDICATIVE OF FUTURE RESULTS