1. Price initially consolidated within a large triangle and eventually broke out 2. Price rallied towards 127.2% and in the process formed a rising wedge 3. Price often reverses from 127.2% back to 100% (You check my past trade ideas with flags to notice this common occurrence) 4. Price then forms a bearish flag at the 100% 5. A break out to the downside will see...
still using this gan square and fibonacci time zone combination. Very interesting tools that accurately predict moves in the market, can still be difficulty figuring out which way the move will go though.
UK100, double top forming, waiting for it to drop back below neck line, to enter this short. UK100 on the monthly chart, has had 2 significant highs which quite a violent bearish move occurred after , one in 1999/2007/? - I believe the next one could be now, as you can see on the monthly price has hit its peak and not violently gone bearish but shows clear sign...
Fundamentals The National Health Service The NHS is under a vast amount of pressure due to the lack of funding by the UK government. Last year, British authorities funded the NHS of a total of £700M but unfortunately the bailouts to help the NHS cope with winter pressures have not reached front line services in some parts of the country, Britain’s top emergency...
Just doodling initially, but this looked interesting. Is 3800 in 18 months achievable? It is in historic terms, but will we see it happen? All I know is, I'm not buying UK stocks just now.
Still in the band
While the down-trend of the FTSE will undoubtedly continue, the present very severe downslope may not. There is wide scope for moderation in the down-slope. the right side of the colousred triangle mirrors the Resistance Line of the upward trend from 2012 to the current year. There is a slight bend in the current down-slope that suggests that some moderation of...
The FTSE has completed and broken a rather distorted head and shoulders on October 2nd at the same time as breaking a long term weekly trendline at 6588. A Classic Fibonacci Power wave can be seen on the daily chart that started on September 22nd clearly visible on this chart and in one stroke broke the 365 day Hull moving average AND the 90 day Hull moving...
After yesterday's fall, FTSE is bouncing back this morning. However the uptrend has finished; the bounce-back will soon peter out and the downward movement continue.
There is no considerable update until from last update. Cycles I follow are very bearish for the upcoming weeks. So I am some cautious. Better just watch this market from outside
As we do have two missed pivots in row above the price technically and some level of uncertanity in the market it brings opportunity to go short on the break of the rising turbo purple trend line. Go short targeting nearest support level around 6780 and more depending on price action around this level. Stops above the recent highs. Happy trading!
Even though pull back ratio is not perfect it looks wave iv is forming. Then we will probably complete wave v of wave (c) around 5958 or 6991. From this point we will go don to complete Wave (iv). Whenever Wave (v) of Wave of Wave completes, this market may enter a rather long bearish development
UK took a big hit today with GBP opening gaps -1% over almost all currencies, due to Scotland independence surveys. The short is quite easy and the risk reward very good. * resistance unbroken * GBP in freefall * Instability due to Scotland * And cherry on the cake, we may have a Wolfe Waves Pattern playing there, with Target Price around 6400 (5% Gain).
I shifted my outlook to Neutral because we are now in a very strong resistance area of Daily TF Murrey Math Resistance level where we several times failed to go above. I expect one more higher high to correct down for Wave iv of Wave (c).
I wait until tomorrow closures weekly and monthly to decide which way to go Stop above the maximum to look for new highs or below the minimum for retest of the channel Bye
It looks we have lots of room to go upside