The UKX, FTSE 100 Index, is also in the red. This is the main index for the top 100 companies by capitalization in the UK. We see prices going below EMA50 after a lower high. (Feb. vs Apr.) Going below EMA50 is always bad news. Since we have a lower high after the EMA300/100 bounce, this can lead to a lower low. The next target on this drop should be around...
Short Term Elliott Wave View in FTSE suggests cycle from March 7, 2022 low ended at 7672.16 in wave (1). Internal subdivision of wave (1) unfolded as a 5 waves impulse Elliott Wave structure. Up from March 7 low, wave 1 ended at 7260.40 and pullback in wave 2 ended at 7075.82. Index then extended higher in wave 3 towards 7595.42, and dips in wave 4 ended at...
In this update we review the recent price action in the FTSE and identify the next high probability trading opportunity and price objectives to target.
FTSE might be headed for correction after slowed down growth among supply problems due to the war in Ukraine and the COVID outbreak in China, which is pushing up costs to a levels last seen in 1970s. FTSE will most likely drop to its previous low of 7339 and from there it might try to test its previous low of 7050. If it decides to reverse, it will most likely...
We have not very good situation with inflation Still there is a war All major indexies had bigger corrections but uk100 has not and of course we are going up and hitting to ATH resistance soon so in my opinion the price could drop a little bit 2-4% to the downside. we will see, it's not a recomendation but I'm curious what do You think. It here any other...
FTSE100 - Where to next? Technical pattern break out to either direction! It's been my favourite trade since 2019. However, it does look a little overextended but let's see which way it breaks out towards and that's trade I will be taking short term Don't forget - Follow your trade plan! Trade Journal
Counter trend rally looks to be at the top. Could be a long way down from here to retest the lows.
Bearish potential on the UK100 Weekly Timeframe, The price have no power to breakout above the highest resistance area Aug 2019 - Jan 2020. Last month UK100 was bearish to the diagonal trendline support, and returned to the horizontal resistance area. However, at the end of 2021 there was a bearish divergence signal. where the price is bullish but the flat...
FTSE 100 remains green but pegged back by Next disappointment, US markets open higher US stocks open higher but the positive US tech sentiment isn't global FTSE 100 up 11 points at 7,471 Sunak holds back £32bn 'war chest' claim P&O boss may accept bonuses despite mass and immoral sacking As expected, US stocks opened slightly higher, rebounding from some of the...
Where to next? Quick trade idea! A break to either direction. Trade Journal Disclaimer: Not Financial Advice
It's been a highly volatile period in the markets, with equities coming under severe pressure as a result of high inflation, the Russian invasion of Ukraine, and the sanctions against it that followed. The UK100 has shown more resilience than its European peers during that time, in part as a result of the UK having fewer trade ties - particularly oil and gas -...
The UKX ran above Jan 19 2022 highs only to reject, breaking the Feb 4 2022 low, initiating a market structure shift on the daily timeframe. Price continued to decline with Feb 24 being an extreme down day due to the events transpiring in Ukraine. I am looking for a retrace to 7280 -7360 before price continues to the down-side with Target 1 reaching for 7100,...
Hello traders, FTSE 100 (UKX) in daily timeframe , this analysis has been prepared in daily timeframe but has been published for a better view in 2 day timeframe. It should be said that this symbol has entered a new phase and this is a descending phase. But in the definition of the previous trend, three waves are formed in a zigzag pattern, the last wave of which,...
Last week we witnessed a 6.78% decline in the FTSE 100 and just a few hours into this week, price has already declined 2.81%. The major support of the daily 200 simple moving average failed to hold price up last week so we must look at further levels of support. Since May 2021 a low was formed at 6823 and has held strong ever since. There was an attempt to break...
- The falling wedge is broken. - Break below EMA50. CRITICAL SUPPORT at EMA100/MA200 or 6959-6984. If this support breaks, the 15% drop mapped on this chart becomes inevitable. These markets close on weekends which means that this week we will have the worst close in years. Nothing new here... It is the same as with the SPX (S&P 500 Index), DJI (Dow Jones...
Palm Crude Oil Futures FCPO short-term still looking bullish. Profit Chip of PFT indicator at 38%, if surpass 50% greater chance to reach upper trend line resistance @5500 Bull Bear Energy (BBD) indicator show Dark Green bar turning into Light Green (momentum turns weak) - short term correction on way. #fcpo #fcpo1! #bursasaham #palmoilfutures #commodities...
The risk off is continue. USD very strong while indeces drops in previous session. Incoming rate hike.
Market are reacting to the persistence/implications of inflationary pressures which are still building. With the rise oil price and 10Y above 1.80%. This will create Risk-Off today for Indeces.