ftse100

Tracking this exhaustion leg like a hawk as we see inflation continue to cause problems in the UK, especially to companies with a lot of sterling exposure. Not hesitating to pull the trigger at all as the downside is wide open, as soon as we see BOE hike that will be game over... Carney starting to realise the ship has already sailed. GL

It is a "dead cat bounce" time for indexes. This is where bulls to attack back, and eat weak shorts' SL. In my opinion, the market structure has changed and definitely not in the bullish notes. It may take sometime to swing around but, we shall see lower low level of 7120 support level soon. I am cautiously Bullish now. Trade Safe, S0nic Disclaimer : ...

Sell at completion of bat pattern D leg at 7470.

At first I thought this was an ABCD but the price never responded to the c leg and now I see the 3rd leg on a Elliot Wave. I am teaching myself this theory and so would like your feedback - What do you think ?

Looking for price reaction at 7368 to then buy upto 7414

Double bottom and support held, TL support holds, MACD bullish = trend continuation, targeting as on the chart.

Currently is in Bullish Engulfing Candle. Likely it will go higher for a time being but I want to warn you is that, upside may be limited. It can swing up to 7540 as a retest but going is higher is unlikely. It is early to call for short but I am seeing it will be more and more of Bearish signs to show up. Trade Safe. s0nic Disclaimer : This analysis not ...

FTSE 100 continues its bearish short term feel at the moment and retracing into a key pocket of price between 7300 - 7400. The fundamentals aren't great, but this could be the zone where it re-builds for a further push upward? A break below the 7300 then 7100 then 7000 comes on the radar as the next 'buffer zone'.

18.07.2017 -> Bullish Pinbar on Daily. Entry: 50% Retracement of Pinbar TP: Weekly High Note: Set to BA on 20.07. Close Trade when Daily Close below Daily EMA5.

IAG Plc LON:IAG) Last couple of days price has tested short term support and failed ending both days in more of a bullish mode - a possible sign of a build up of pressure to move into blue sky territory? Next upside Fibonacci longer term target in the early 800's. If it fails here, then the gap around the late 580's should be watched closely. EasyJet results out ...

Weekly chart Rejection at 5-MA followed by a break below weekly low of 7344 is likely to yield a pull back to 7290 (161.8% Fib ext.). A weekly close below 7290 would signal the index has topped out. Stops could be place above 7360 (very tight stop).

It is now in the rebound and it has chances of going back to 7500 level. Apparently, Global market is in for an another UP swing. Bear,,be careful .. Trade Safe, s0nic

For those who missed yesterday's short trade... all is not lost. A bigger opportunity awaits us if the index ends the day below 7300. In that case, the sell-off could be extended to 7184 - 200-DMA.

Head and shoulders breakdown Rejection at 10-DMA 5-DMA & 10-DMA sloping downwards Index likely to revisit 7300 Sell around 7365 Objective 7300 Stops above 7385

Currently a small flag is developing on the FTSE and I do believe there is more room for a correction however remains bearish in the larger picture.

Tuesday's failure to hold above the falling trend line resistance followed by a drop to 7446 adds credence to the bearish price RSI divergence and points to further drop in the prices to 7380 (head and shoulders neckline). A daily close below 7380 would indicate trend reversal and open doors for 7161 (target as per measured height method).

The erratic recovery from 7378 (June 15 low) signals the sell-off from the high of 7599 has run out of steam, although the bulls would still want to see a break above 7530 (falling trend line) before betting on fresh record highs. On the downside, only a daily close below 7449 would revive the bearish view.

The positive action today may force one to question the breakdown seen over the past few days. however, in my opinion the positive move today is a bull trap. The index could be forcing out weak sellers. The doors remain open for a pull back to 7300. Only a daily close above 7500 would signal the pull back has ended.