The FTSE 100 is shaping up nicely on the 4h chart, I'm expecting this bullish 5-0 formation to complete within the next few weeks at the 50% retracement level.
The measurements for a valid 5-0 pattern are detailed below.
B: 1.13 - 1.618
C: 1.618 - 2.24
We will be trading with a stop loss below the 0.618 retracement level at 7240. If we execute the ...
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 ...
You can see that my expectation is the 5th wave. That's why I'm looking for short trade setups.
The drop at the end seems a reversal impulse to me, and I hope it will make a deeper correction before
it comes down. In this case, we can find a better entry. Despite its low risk/reward ratio, I placed
an entry order because we have Brexit today and it ...
The price has returned to fall with the crossing of the dynamic resistance identified by the EMA 200 and 20 weekly at about 7000 points, and then immediately rejected by 150 points on the downside. The level 7000 is a crucial barrier for the direction in the short term: until it will remain below, the most plausible target is the support in the 6400 area; an ...
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MACD is already making an interesting move suggesting a reversal, but it looks like we're going down a bit more until the RSI indicates a safer margin to jump in.
The shape of the FTSE100 chart in 2018 bear similarities with that of 2015. The top is more rounded than SPX. The turmoil over the forthcoming Brexit execution on Mar 29, 2019 makes this a less attractive market than other non-US indices. Note that the fractal predicts a low of 3896, almost exactly 50% down from the top. This compares well with the 53% drop in ...
This weeks recovery rally is spluttering, and sentiment remains bearish, FTSE 100 is being held down by the downtrend line and Bulls are getting tired, next buy level is 2775, watch and wait, I would guess that we will hit this level by the end of the week or Monday, I think this will be the low and we will see stocks pick up over the next few months in line with ...
FTSE looks set for further downside technically despite the current bid we are seeing due to PM May currently being supported by MP's. However, the actual vote does not take place
until this evening and could be a very different story by 5pm GMT. If we see bearish price action at the resistance we could look for further downside to come in this market.
The FTSE100 index is approaching a critical 2.6 retracement level of the previous uptrend, and it could be good time to buy. However, with the Brexit news and Theresa May woes, just hold your horses for a bit. The index is still largely in a sell-off fueled by the lack of confidence surrounding the Brexit deal and seemingly the vote to be held tomorrow. The ...
Hi folks, this is my first time posting an idea/"short" analysis publicly, hope you'll enjoy it
This is the chart from SP500, I mirrored 2007 financial crisis structure, unedited, raw and pure, pasted it below our chart, checked the fractals/similarity, and it's deadly alike.
With the somewhat positive sentiment from OPEC ...
There are two huge levels for the FTSE 100
A) The 2007 Peak at 6950 -- below here now
B) The 2000 peak just below at 6750 - testing here now
While we're below these levels - the bull market in the UK - and possibly globally - is over
TRADE REVIEW: -Technicals; Previous target of 7109 made as a result of a technical resistance at the 7186-7235 S/R zone in combination with an RSI oscillation spike to 85 signalling overbuying of the market from algos. Entry modelled after previous spike to the ~7186 resistance level on the 2nd November and stop set at 7216