Beautiful bullish inverse head and shoulders developing - I am continuing to add to my long position. Will only be confirmed with a break above the NL but I am happy at current levels
The Hourly bearish engulfing candle confirms my short thesis as well as puts a line in the sand as a stop loss (7225). It has been a frustrating ride so far so hoping we can pick up some momentum to the downside
FTSE has a habit of issuing a signal then giving one last final squeeze - is the same happening again post the break down of the rising wedge? I'm still holding onto my prior shorts and using this opportunity to add. Currently at double resistance at 7190. RSI also showing divergence as well as being overbought. Good RR here I reckon for a short.
Bearish rising wedge has broken lower but need the hourly close to confirm. Downside targets are 7060, 7025, 6980 and 6940
Top of channel again, coupled with lateral resistance. Bearish RSI divergence, as well as a potential rising wedge forming
FTSE has shot higher this morning, but is testing the upper resistance of the megaphone pattern we identified last week. Coupled with bearish RSI divergence there is decent RR to go short here. I have already started scaling in
Nice pullback this morning off the top of the megaphone formation identified yesterday. There is double support around 7015/25 = lateral and upward sloping. A break below here targets 6980 and 6940. 6900 would see the bottom of the megaphone formation and the next large support region shaded in red. My bias would like to see it lower - but ideally would need...
Looking good for a short as it approaches top of megaphone formation within the red lateral resistance zone. RSI also looking stretched. First targets are 7055 and 7025
Hidden bullish divergence giving a good opportunity to add to my position. Been bullish on this ETF for a little while (see earlier weekly charts). Targeting 38.50 initially
Lost channel support after testing significant resistance (breakdown level from last week). Targeting the red area = 6860/6900
Decent bounce o/n / this morning following yesterday's sell off. I still favour a further move to the upside to test the initial break down. Can potentially see a bit of consolidation here in the red zone before targeting 6980. RSI has also broken out.
We identified a bullish weekly candle in early march and started to average into the portfolios. This combined with bullish RSI divergence from oversold indicators has played out well so far (combined with some nice dividends in the interim). They are also acting as a nice hedge as I had hoped. Looking for 39 to start banking some profits
Continues to look poorly following my analysis a month ago (I sold all my holdings then). It is currently sitting on support and needs to bounce here otherwise I fear it will go a lot lower. (my hope so I can buy back in)
Technically the ETF is still consolidating within a continuation rectangle between 22 and 23.50 = bullish for holders. I will only look to cut my holdings below 22. One can look to add above 23.50, or wait for bottom of the rectangle hoping the support will hold? or potentially we also see a bounce here off the bottom of the channel. I am happy to continue...
Significant break lower which will be confirmed on a daily close. If it cannot regain the support level, 43 will be the next region to look for support. Only about 3% of my ISA but will potentially look to cut this afternoon if we don't see a bounce.
I've been averaging into Vanguard's fixed income ETFs for the past few months so glad to finally see some technical basing patterns coming through. A daily close above 37.85 confirmed the inverse head and shoulders and targets 39
The 7025/6080 support area failed as expected following 4 previous bounces and a subsequent bear flag. We are now approaching new lateral support as the RSI heads into oversold territory. I will look to start averaging back into my ISA and SIPP accounts hoping for a bounce. When zoomed out the longer term picture is looking slightly more worrying - we may be...
Bear flag targets 7055 - This index has been feeling heavy since yesterday and we have just received our first technical pattern to confirm