FTSE100 Fell more than 7% from the recent highs from 7700 without any retracement. We can expect this whole move to retrace at least 38% from the bottom towards 7400.
We can go long on this if FTSE gets above 7200 after stock market open. Stops 6990 target 200pts
FTSE 100 has rejected 7600-7590 area in the 1hr time frame, 3 consecutive times suggesting that a correction is possible.
If FTSE100 breaks below 7550 (23% fib level) we can see a correction upto 60% Fib levels at 7440-7430 levels.
But FTSE needs to break below 7550 to trigger this trade.
Stops should be above the recent highs.
View On UK Stock Index FTSE (9 Aug 2019)
Back Ground: A strong BEAR action is met with a strong reaction. Some people call it "Dear Cat Bounce".
Target(s): It can go UP to 7360/7400 as retest (or) you can wait at these regions for a possible SHORT.
SHTF: 7100/7170 region is good support.
DYODD, all the best and read the disclaimer too.
Feel Free to...
Similar to my Dax idea just posted, a lot of world equities are bouncing...remember central banks can still cut rates and do QE/stimulus which means there will be nowhere to go for yield except the stock markets. The party might not just be over yet.
Similar description to the FTSE as with the DAX, a prolonged downtrend and basing at a support zone. We had a...
FTSE100 has recently tested a key demand zone and formed bullish price action.
We can expect this market to continue higher with targets being the daily highs.
The price is also supported by the 20 and 50 EMA pointing upwards with price rejecting
the key demand zone and the 20EMA.
I started trading in 2013 and I followed the American indices, SP-500, DOW-30, NASDAQ - 100 (they look about the same) .European indices DAX-30, IBEX-35, FTSE-100. And each of them shows the economic situation of the country .
I love Economics, but what I've seen over the years – it was a bubble blowing, a cycle. Now there are a lot of offers to invest in shares...
HI BIG PLAYERS,
here I present a new Wolfe Wave in the UK100 chart.
This chart represent the 100 biggest share-companies of Great Britain. In any way we listen about the Brexit and the results of this decision is clear to understand for everbody. A big downtrend will build.
The Wolfe Wave pattern show a bearish incoming side. In addition, the reason for a...
After Jan 19 the priceline of FTSE100 GBP is hitting the support of up channel.
The price action has also support of 100MA and 200MA.
There is also a golden cross formation expected beneath the candle sticks which will produce a massive bullish divergence insha Allah.
I have used Fibonacci sequence for sell targets as below:
Sell between: 650.3 to...
The FTSE100 index is selling at a P/E of 17.2. This is quite high in a low interest rate, low growth scenario. The UK is in a mess, with Brexit problems, neighboring countries teetering on recession and Boris taking over the leadership. A DCF valuation of the FTSE100 using 3.2% growth, 8.6% discount rate it shows the index is 11% overvalued. I think the German...
On our analysis on the 24.07 we indicated that we were long the FTSE100 due to pressure GBP/USD due to the uncertainty surrounding Brexit which would be positive for the FTSE100 as a large proportion of profits for FTSE 100 companies are made in dollars. Since then the FTSE 100 has risen by nearly 3% and with the expected US rate cut on Wednesday we anticipate the...
We are currently long the FTSE 100 which has dropped over the past day on the back of Boris Johnson's appointment and the subsequent strengthening of the pound. The pound strengthened as the market hopes that initial comments by Michel Barnier the European Union's Chief Negotiator would open the door to positive negotiations between the UK and the EU. However, we...
Last post: June 18th 2019. See chart.
Review: Price had just broken a resistance level.
Update: Another resistance level was broken with a strong breakout.
Conclusion: Price looks strong and we eventually want to see a break of the previous all-time high.
Any comments or questions, do not hesitate to leave them below. Give us the thumbs up if you share our...
Last post: June 12th 2019. See chart.
Review: Price was around the daily 50 simple moving average.
Update: We have seen a nice move up today, breaking above a previous high.
Conclusion: The FTSE 100 is looking strong and we would like to see it break above the next resistance level.
Any comments or questions, do not hesitate to leave them below. Give us...
4H Chart Explanation:
- Price bounced on the Resistance Zone.
- Price broke the Ascending Trendline.
- Now, it has potential to move down towards the Support Zone at 7122,8.
However, our long term views are long!
Weekly Vision:
Daily Vision:
Last post: May 13th 2019. See chart.
Review: Price was heading towards the support level shown in the last post.
Update: Moves have been made to the upside.
Conclusion: Price is still in consolidation but has shown strength recently which we want to see continue and see further moves to the upside.
Any comments or questions, do not hesitate to leave them...
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