The chart speaks for itself. Nice top, but I'd like to see it go down again to retest level underneath and rise again - as scenario 1 follows. Might be a few days to do so, but considering movements the last two months, where I have been following FTSE closely, it does not have the strength to keep going as is right now. It might also happen that it loses a lot...
Reversed off overhead resistance & RSI overbought + divergence. Trend up, but worth a small tactical short at these levels. SL = 6930
Good place to re-enter new longs after taking partial profit at target 1 (6780)
Minor bearish RSI divergence has appeared on the hourly. Trend is still clearly up and full target of 6870 BUT momentum appears to be slowing. Taking some profit here on my longs and will look to add on a test of the green zone at 6780/6790.
Following the world economic recovery, FTSE is now in a bullish cycle and here's our view for the upcoming days: 1.LONG : If the price retests the lower trendline and forms back a green bullish candle on the H4 timeframe, a Long position can entered there. And when the price reaches the green doted line, an additional Long position can be entered with more...
The FTSE 100 has failed to break and close above the February 2018 low at 6536 for a number of months now. You can see the December 2020 candle and the candles for January and February 2021 traded above this level but ended the month by closing below this level. With one more trading day of the month left to go, we may well finally see that close above 6536 and...
First target reached this morning on the gap closure at 6780. RSI starting to head to overbought territory. Hoping to see a bit of consolidation before next push higher
We are currently testing Friday's channel break. Good RR levels to go long for those who currently don't have a position. Nice gap at 6780 I would like to see filled, as well as the full target of the bull flag and inverse H&S of 6870. We have seen some month end selling during the previous few months which is something to keep an eye on and more reason to keep...
Bottom of the red lateral support held despite yesterday's brief wobble lower. In hindsight it was a great buying opp for those that missed the morning's bullish confirmation. Still looking for full target of 6870 - however not in a straight line
After taking some profits at the red resistance zone a couple of weeks ago, I will use the current pullback to green zone to starting accumulating again into my ISAs and SIPPs. I would really like to see this ETF touch the 32 region over time.
Buyers stepping up and continue to buy at 6680. If this hourly candle holds, it will be a good opportunity to go long. There is a gap at 6700, and the bullish inverse H&S is still in play targeting 6870.
Following on from my previous idea, the FTSE has continued to show strength at this level of support. A triple bottom has formed at what looks like the bottom of the cup in a cup and handle pattern. If FTSE traders were bearish, the drop from the rising wedge would've been steeper. The news around the vaccine spat with the EU would've also likely caused a...
The FTSE is currently sat at strong support. Sellers tried to push price lower, but the index was bought back up to form a pinbar (red arrow). Lower BB also sits at this point (see %B in bottom window). Considering the lacklustre fall from the rising wedge and the subsequent pin bar, we can expect 6800 to break (see how long price spent lingering around the...
Airtel Africa has been in an uptrend since May 20 and has been forming bull flags with a following period of consolidation. This has happened twice in the current uptrend with each upward thrust followed by consolidation which forms an ascending triangle pattern. Price has just broken out of the 83p resistance and has since moved higher. Look for a retest of the...
FTSE structure today was range-bound. Some bear candles can be made out, affirming a downtrend in the lower timeframes. I think we may see it pulling back towards the bottom of the range, potentially the trendline. The pound seems to be up, with room to continue to test the top of a resistance trendline.
Looking slightly ominous on the hourly chart. Trend is still up and we have a bullish inverse H&S and bull flag still in play. A pullback here to 6680/6700 would be healthy and an opportunity to get long should we see the support hold.
Previous TESLA chart played out almost perfectly. We were anticipating a deeper correction back to the trendline, which we got! We can now look for continuation patterns and ride this wave to the moon. See you there ;) See linked chart for previous Tesla chart. Trade safe!