Bearish nen star Bearish bat potential May be time for reversal/swing short.
bearish nen star Potential bearish bat Could this be just nice patterns on a chart? Could this be swing short?
We can see an upside move for UK100 as it is making a bullish flag. We can buy it with proper risk management.
This is an update to our analysis 3 months ago (December 18 2023, see chart below) where we called for a Resistance bullish break-out and buy on the next 1D MA50 (blue trend-line) contact: Even though the pull-back dipped some more, the index still followed our projection on a rough scale. The long-term pattern remains a Channel Up but due to some relative...
TIght ABCD which I call a Spring happens from a previous support level. Also, the level of the reaction we observe is a small gap which is an area of interest where price tends to go. Weekly is above 20 EMA, Daily as well. Stochastics is in the overbought zone as well. Now a positive entry bar is needed to confirm the entry.
I expect reversals at tp1 but if price break below we could be seeing uk100 create a deep pullback to the ‘ext’ and ‘buy’ zone
I'm seeing a pullback form on the 1hr TM. I'm expecting it to close the order blocks and retrace back up. SHORT TERM SELL. LONG TERM BUY
UK100 H4 We pushed just shy of 1R on this setup after it was shared yesterday. Still holding this at around +10 points. Slow burner but when we crack, we will crack! Expecting this setup to make its move at some point this week, patience pays.
UK100 D1 Pushing the absolute peak of our resistance price here, trading at 7755 ish. A great reward and possible short opportunity. Don’t fix it unless it’s broken, an impulse swing entry here with stops as tight as 25 points. We have been following UK100 for some time now and this range has held for a while. Lets see what unfolds.
Hello Traders, Critical Zone Breakout from Supply Zone Indicates Potential Upside Momentum, While Failure to Respect Signals Downside Pressure Ahead. We have 2 Demand Zones, and A Supply Zone. If The Price Breaks The Supply Zone, Take Entry While Retesting OR Pullback of The Move Otherwise If It Respects The Supply Area Then Look For The Short Entries! ...
The FTSE 100 has been trading within a well-defined range for more than 8 months. This range has created some fantastic trading opportunities at the extremes of the range, buying reversal patterns at support and selling reversal patterns at resistance. However, just as ‘the trend is your friend until the bend in the end’, the range is your friend until it breaks...
We have two points of interest on this, we're looking at the higher target to complete, once completed, ideally we want to see a reaction in price. That lower target is active, right now too early to consider, but if we get signs of a reversal, lets start looking at targeting it. As always, trade safe. KOG
In M and W time frames, the price has broken out of the flag and retested it. There's a similar situation in D and 1H. Are we going to see an ATH??
UK100GBP - 24h expiry Short term bias is mildly bullish. Although the bears are in control, the stalling negative momentum indicates a turnaround is possible. A lower correction is expected. We therefore, prefer to fade into the dip with a tight stop in anticipation of a move back higher. Further upside is expected although we prefer to buy into dips close to...
the detail is shown in the above Idea. I made this Idea based on Candlestick Analysis and Harmonic pattern using Fibonacci tools. In the context of financial markets, the phrase " pull back to last golden level and flying UK100 butterfly to next golden level at 8320 " suggests a potential upward movement in the UK100 index, possibly after a period of...
As you can see uk100 was in an uptrend during 1 hour time frame.It just broke below its important low and came to retest it.Now its time to find some sell opportunities..
High time frames are in range since mid 2023. It is forming a flag in W and a wedge in D. It has also completed a wedge in 1H and I think it is just about to break it downwards. If it does, waiting for it to break the support as well, then, there would be a good short opportunity with a nice ratio. Just an idea, best of luck