footsie

glennmercer glennmercer PRO UK100, 240, 10 days ago
UK100: FTSE100 Wave Count:  Potential Ending Diagonal?
89 0 9
UK100, 240
FTSE100 Wave Count: Potential Ending Diagonal?

Unlike the Nikkei and SPY, the FTSE100 is less decisively bullish. It looks as though we may be in the midst of an ending diagonal that may present a selling opportunity. For now, I am cautiously bullish but on the sidelines until further signals present themselves.

IvanLabrie IvanLabrie PRO UKX, D, Short , 5 months ago
UKX: FTSE100: We can enter shorts on a break of today's low
159 0 11
UKX, D Short
FTSE100: We can enter shorts on a break of today's low

The footsie had formed a 'time at mode' signal on the daily chart which has already hit the projected target. Since it only has one day left (Time at mode signals project a price target and a time duration for the possible rally), we can go short if we get a new daily low, with stops above today's high, tomorrow. Good luck! Ivan Labrie.

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