UK100, Daily & H4 European stock markets are broadly higher. Eurozone markets, which rallied from the off led by Italy's MIB, have come off early highs, while the UK100 extended gains through the session and as of 10:34GMT was up 0.69%, while the GER30 was up 0.57% and the MIB up 0.78%. The broad move higher came after a strong session in Asia, where Chinese...
UK100GBP is testing its support at 7231 (61.8% Fibonacci extension, 61.8% Fibonacci retracement, horizontal swing low support, channel support) where it could potentially bounce up to its resistance at 7423 (61.8% Fibonacci retracement, horizontal overlap resistance). Stochastic (55, 5, 3) is testing its support at 3.1% where a corresponding bounce could occur.
These are the key levels to look out for on the FTSE. We have identified a channel that price is approaching. Please refer to our 4hr chart for a strategic view!
FTSE100 has broken out from resistance. Could be a good 2018
Last post: June 15th. See chart . Review: Price was pulling back after being in a nice uptrend. Update: Price is stuck inside the consolidation zone and currently at the support area. Conclusion: We need to see a breakout of this consolidation zone before looking at any trading opportunities. Any comments or questions, do not hesitate to leave them below....
Hello Traders, FTSE short-term Elliott Wave view suggests that the rally to 7790.17 high ended blue wave (X) bounce. Down from there, blue wave (Y) remains in progress with instrument showing a lower low sequence. The internals of that leg lower is taking place as double correction lower due to overlapping price action happening from 7790.17 high thus suggesting...
UKX FTSE100 100 zig zag correction
It looks like a good structure, I'll see how it develops
Momentum massively slowing down and getting towards a psychological key level (8000). Price is likely to reverse, aiming for 7000.
FTSE is looking to go down. We may see an impulsive move down towards the shaded region eventually, but we may see a few days of minor ups and downs first. ONLY ENTER ONCE YOU HAVE CONFIRMATION using your own entry points.
Looking at the Macro analysis in my last published idea, have been waiting for. good entry on the FTSE for the past couple of weeks. See above my idea. Good R:R for this trade. I suspect we are currently experiencing wave c2 - I will be looking to catch the trip to the downside for wave 3/4/5 for a test of the lower bound of the diagonal. Considering chart...
See above the buy limit order I have set up for the FTSE From the Macro analysis I published in my last idea, I am expecting some downside for the FTSE over the next couple of months. Now to find a good entry! As stated previously, I can see a test of the lower bound of the ending diagonal. EWT suggest we has just completed Wave C-1, currently in wave C-2 - a...
Analyzing the FTSE from a Macro point of view, it seems as if we are currently printing an ending diagonal in W3. EWT paint a bearish picture. If the diagonal breaks to the downside and cannot hold price above 6750, the impulse structure has failed and will signal a retest of the low at 5600. Brexit has caused doubt in the UK market as a whole with equities...
BUSHVELD MINERALS • BMN trading near all time highs • Both Wave 3 and Wave iii are in motion • Momentum studies positive Currently trading near all time highs, Bushveld Minerals (BMN) still has room to continue higher. A rally begun with a gap after a year long consolidation period. With a high at 24.50 reached in May, BMN saw a correction back to the...
So much is still happening in the Market and yesterday we saw another day of volatility off the back of a spat between Trump and Iran. The problem for Trump arises from overusing threatening language will eventually result in getting used to it as Hot air and Rhetoric. Given this view, we may now be able to focus on the Fundamentals rather than geopolitics. With a...