After yesterday's news about turning the FTSE into a higher weighted index similar to the Nasdaq today we have seen a directional upward correction. The truth is that the London index already lived through a dot.com bubble in the 90's, and although this value weighting is currently very diversified with a lot of weighting to defensive companies or productive...
FTSE 100 index falling strongly
– Likely to fall to support level 7440.00
FTSE 100 index falling strongly after the price failed to break above the major resistance level 7700.00 (which has been repeatedly reversing the index from June of last year).
The resistance level 7700.00 was strengthened by the upper daily Bollinger Band and by the 61.8% Fibonacci...
🔸Hello traders, this is 8hour chart of UK100. Recently trading in well-defined
trading range, risk/reward flipped in bears favor after we got rejection near
range highs, therefore recommend to focus on sell setups.
🔸Range highs set at 7660, range lows set at 7350, premium prices overhead
at 7700 and 7750, below at 7250 and 7300. Trading now near range...
This is a little bit of a bold project if the predictions or projections of simulated scenarios hit their marks, but it will also be a platform for candlestick patterns and formations analysis in an attempt to hunt for potential reversals. Previous such pivot points or reversals have been highlighted in past price action, most of them having in common the...
The UK100 has failed many times to break above the key resistance and we recently saw price break below the structure around the main key level. In addition to the technicals, the macro datas suggest that the index should get weaker within the coming days... I beleive we should see price go as low as 7405 pounds.
FTSE Respects Fib Levels Within Long-Term Range
The FTSE 100 has been locked in a well-defined trading range since last summer. The market has failed to break above the resistance zone on multiple occasions and we have also seen several swift bounces from the support zone (see chart below).
Within the context of this long-term trading range, we can use key...
It’s been said may times now that the UK equity market is ‘cheap’ – in fact, getting a pound for every time that description is used in a research note may well result in better performance than the market itself has recently been able to achieve. Being ‘cheap’, however, is not reason enough to assume that the London market’s fortunes may soon turnaround, as this...
There's a possibility that UK100 might be heading downwards, considering its prolonged upward movement. Two bearish divergences are evident, potentially indicating a formation of a lower high (LH). Divergences are visible across multiple timeframes, strengthening my conviction in the downward trajectory. A trade setup is provided on the chart. I'm interested in...
Yes the Structure has not let me down on any pair i trade... Here is #FTSE and how I've basically slapped around the index from every structure point... Now is waiting to the set-up on the BEAR !
New year gifts are getting sent out early.... Your welcome.
If you want to see other products get in touch and i will output the levels relevant to stay on side with...
Inverted flag pattern spotted.
This should mean that we will see down move with a good opportunity to sell.
Trend channel has broken and also retested it.
Inverted flag pattern signals a bearish move.
Trade with caution.
Cheers,
Mags
The UK100 Price Plummeted After the Publication of Inflation Data
Yesterday, the stock market in the United Kingdom experienced a sharp decline following the release of new inflation data. The UK100 price, reflecting the leading British stock index FTSE, dropped approximately 1.5%. Moreover, the RSI indicator on the 4-hour chart fell below the value of 18 for...
Body:
The FTSE 100 index exhibits a compelling technical structure, presenting a potential bearish opportunity. An Inverse Cup & Handle pattern has formed, signaling downward pressure. This classical pattern is often indicative of a continuation in bearish momentum following a consolidation period that resembles a 'cup and handle' in reverse.
Entry Point:
The...
On the Daily chart for FTSE 100, we can observe a massive triangle that was forming in 2023. It started in Februaty and produced a breakout in December. For the past few days the price has been correctign and now it's retesting the resistance of the triangle, now acting as a support.
This support is aligning with the 0.382 Fib and the 200 SMA
The development on...
UK100GB - 24h expiry
The correction lower is assessed as being complete.
Further upside is expected.
Short term RSI has turned positive.
A move through 7725 will confirm the bullish momentum.
The measured move target is 7775.
We look to Buy at 7710 (stop at 7670)
Our profit targets will be 7810 and 7830
Resistance: 7725 / 7750 / 7775
Support: 7700 / 7685...
New Year Hangover for the FTSE
After a strong festive period, the FTSE’s first week of trading in 2024 resembled something of a damp firework…
Having rallied from the support zone in late October all the way to the resistance zone in mid-December (see chart below), the FTSE has stalled and in recent sessions started to retreat. We’ve seen the market reject...
