Hello Everyone, The UK100 has been displaying strong performance. It's possible we could witness a pullback to the weekly support level before resuming a bullish trend. An early sign of this could be the daily support holding firm. If it does, we can anticipate further upward movement! TradeWithTheTrend3344
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...
UK100 Analysis: Stock Market Optimistic Ahead of Bank of England News On Monday, the UK observed a bank holiday for May Day, and on Tuesday, the stock market demonstrated accumulated optimism. The FTSE index (UK100) today surpassed the 8300 mark. Additionally: → The opening occurred with a bullish gap; → On the daily chart of UK100, today the RSI indicator is...
short. this gap i believe it will be covered.. nevertheless my target is 100 units lower
UK100 is forming an ABCD Pattern is this a sign of Bearish Reversal or it will continue the Rally. Considering Bearish Divergence we might take a possible short entry with Sell stop setup. Not a Financial advice just DYOR.
Herewith some more example on a different trading instrument.... Look at the ideas and imagine it you can also follow the system and execute based on the rules. The possibilities are endless. Feel free to contact us for access to the indicator that you can then use and trade by yourself.
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....
There are 3 targets for the bear in this set-up. Lets see if its ready to go lower than TP3.
So we can take entry at the break of neckline as that point will confirm trend reversal.
On 4h Scale bearish reversal is observed as both Double Top and Bearish divergence are observed. Taking trade as depicted on Price chart.
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.
Hello Everyone, The UK100 is anticipated to decline to approximately 8042 unless the weekly pivot point serves as a support. Looking ahead, the long-term outlook remains optimistic and is projected to remain bullish. TradeWithTheTrend3344
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 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...
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).
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