- The market still trades above a bullish trend line since mid-February 2024, strongly helped by a decreasing Pound Sterling. The mid-term trend is bullish for UK equities. - Since the 3rd impact on its bullish trendline at the end of last week, the market has rallied to an hall-time high above 8,000pts. Since the impact on the 8,200pts mark, we can notice a...
Quick post from us on FTSE. We're looking at these higher levels for a RIP potential, if we can get it we're looking to take this down into our active targets. We'll update as we go along. As always, trade safe. KOG
FTSE100 (UK100) hit today our 8150 Target, which we set a month ago (March 20, see chart below): Since last week the 1W candle closed (much) higher than the February 2023 Resistance, we see the pattern continuing its strong resemblance with the October 2022 - February 2023 Bullish Leg. The long-term pattern continues to be a Channel Up and its previous...
Demand Higher low 7500 QP 3rd quarter discounts Dollar weakness GBP strength Eur strength
X2 sell postions on UK100 both targets and SL visible. BOS has occurred in a breakdown of the trend line and smaller TF double top allowed for a safer based entry
The European trading day has started in a session of mixed sentiment on Friday. Investors are still digesting Apple's US corporate results and awaiting reports on unemployment ratios in Europe, with Spain and Italy being the highlights. In the afternoon, U.S. unemployment rates, non-farm payrolls and manufacturing production data (PMI) are expected to be released....
A BOLD prediction --- possibly to some people But I stand by this chart as a roadmap where I see #UK equities outperforming against the cash cow that has been UK #Housing The how's and what's and why's are unimportant But the key thing is for younger people struggling to get into UK housing Investing in #Stocks #Technology Innovation #AI and #crypto will...
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...
We have an opportunity in the form of a Gartley 222. At the moment all Indeces are under sessling pressure so overal market condition supports.
As I see it, as long as we stay above 7600-7700 a pump to 8k is a lot more likely as there's evidently buyers in the market keeping the FTSE floating, where as a break below will send this south (7400 or lower).
On 4h Scale bearish reversal is observed as both Double Top and Bearish divergence are observed. Taking trade as depicted on Price chart.
UK100 was bullish mood so far. But a possible head and shoulder pattern forming at the top might change its mood and reverse the trend. We have a buying opportunity at break of neck line. Lets see how price unfolds!
Chart is showing bearish divergence. Head & shoulder pattern is visible at recent HH which is also a bearish pattern. So we can take entry at the break of neckline as that point will confirm trend reversal.
There are 3 targets for the bear in this set-up. Lets see if its ready to go lower than TP3.
Short Term Elliott Wave view on FTSE suggests that rally from 8.18.2023 low is unfolding as a 5 waves impulse. Up from 8.18.2023 low, wave 1 ended at 7745.82 and pullback in wave 2 ended at 7279.86. Up from there, wave ((i)) ended at 7764.37 and wave ((ii)) pullback ended at 7404.08. The Index then extended higher in wave ((iii)) towards 8015.63 as the 1 hour...
Hello Traders I'm looking at the ftse since the start of the week but wasn't able to catch a good setup, now it seem like one. If the risk environment stays positive we can see more upside but this is a decent short term trade as well TP1 at asian session high
The FTSE 100 has reached a new record high after pushing through the bearish sentiment that has taken over global equities in the past few weeks. The index, which is made up of the biggest 100 companies in the UK, closed above the previous high of 8,045 on Monday following a 1.6% rise on the day. The rally gathered strength on Friday when the index saw some...
With the FTSE 100 closing at a record high on Monday, let’s take a closer look at the breakout and the catalysts behind it. Catalysts Behind the Breakout The FTSE 100's breakout can be attributed to several key catalysts: Expectations of UK Interest Rate Cuts: Anticipation of interest rate cuts from the Bank of England has weakened the pound, boosting the...