By the new year we can expect FTSE 100 to be back to its 2018 high but that will not come without the retracement in the next few days as a sign of profit taking.
Honestly think the pound will thrive once we leave, with or without a deal. if we leave....As for the UK index we are at a solid support area, i have entered a long position and plan to hold for a while.
Recently broken out of range since 1999 with retest supported at prior resistance
Elliott Wave suggest long to reach blue wave 3 at 8640
Wave count invalid if proposed purple wave 4 in progress breaches 7421
Hello my dear readers, here we would like to take a look at two different scenarios FTSE 100 Index Chart (UKX).
Let's start with the bearish scenario because this is the one that is in play right now... Feel free to hit like to show your support.
Looking at the chart above, we can notice a huge descending channel (bold brown dashed line) and we have two rising...
FTSE reacted to just below the pivot area, and now bobbing up and down, I believe his market had had its reaction and will be moving up for the rest of the day
An interesting weekly picture on the FTSE, this week its retested it's weekly channel which it previous broke out of to the downside, yet its broken and closed outside the last remaining downward trendline in recent weeks ... I suspect tomorrow will hold the answers to whether the bulls keep control or if its a failed breakout and the bears take over, look for a...
The UK Financial Times Stock Exchange 100, more commonly known as the FTSE 100 or 'Footsie', is an index of share prices of the largest 100 companies listed on the London Stock Exchange (LSE) by market capitalization. The index was launched on January 3, 1984 at a base value of 1000, and the index level is calculated in real-time. The FTSE 100 represents approximately 81% of the entire market capitalization of the LSE, and even though it doesn't encompass the whole market, it is widely viewed as the best indicator of the heath of UK stocks. In recent years, however, given the uptick in international companies counted in the FTSE 100, this particular market index is no longer viewed as the best health indicator of the UK economy - that goes to the FTSE 250, which has a smaller proportion of multinationals among its constituents.
This website uses cookies to ensure you get the best experience on our website. To learn more about cookies, including how to control cookies, please read our Cookies Policy.
UKX (Derived Data)
