Trading day preparation. Although pullback is expected in the higher timeframe, we can see some upside today in the lower timeframe. We discuss several scenarios that could play out. We see three ways to enter a trade.
A pullback in the higher timeframe seems likely. We have 5 waves up as an impulse in the weekly, daily, and 4h timeframe. However, as divergence in the weekly is not really outspoken, a new high is still possible. Investors should wait for the pullback to buy. Traders should analyze the lower timeframe.
FTSE100 has been trading inside a Channel Up since the October 13th 2022 bottom, currently pulling back after a rejection on the internal LH trendline. This has turned the 1D timeframe neutral (RSI = 48.285, MACD = 4.950, ADX = 49.378) and with the price on the 1D MA50, those are the conditions for a buy. The Buy signal trigger however would be the index crossing...
This is just for St James's Place, but you'll find inverse head and shoulder patterns in a lot of stocks on the FTSE 100. For me, that means a reversal on the pullback, and this week for example, STJ is confirming the reversal with a break about the neckline and 200 EMA acting as support.
UK100 - 24h expiry - We are trading at overbought extremes. Short term MACD has turned negative. A break of 7800 is needed to confirm follow through negative momentum. Short term bias has turned negative. We look for losses to be extended today. We look to Sell a break of 7799 (stop at 7838) Our profit targets will be 7701 and 7681 Resistance: 7835 /...
My simple short idea, divergance on few time frames. We are overbought, no reason for more upside for me. Take care
In this video we focus on the FTSE UK100, however, the US100, US30, UK100, and DE30 are analysed to find a common theme between these four instruments. The stock markets have traded into key support levels and have been rangebound for some time. We are now seeing some bearish momentum evident in the charts. The trend, price action, price gaps, market structure,...
FTSE 100 has reached a major resistance after the breakdown that we called around a month ago. We are looking for a reaction at this level to possibly go short and we will updated if we take that position.
Out of all the indexes the FTSE one has the cleanest looking 5-3-5 pattern. Perfect ABC to the vwap from top. A pivot here should start another long 5-wave down. 5th wave extension will cover the most ground on capitulation.
FTSE100/ UK100 is forming a Bottom on a 1 year Support Zone. The RSI is also bottoming out. Target 7820 (+8.70% rise0> Follow us, like the idea and leave a comment below!!
Not a BATS out of hell just yet but a breakout all the same. Broken away from 2756 and a good dividend, but now has to clear 3000 last established in Jan 2020.
Hey Traders, The FTSE has been wildly moving between extremes. We can now look further at key PA levels. Watch for more.
Hi Welcome to Decrypters Simple reasons to Buy Liquidity Raid Fib retracement Weakness in Forex Pairs Daily 200 EMA
Hello we are part of a new community called lucky trading club in tradingview so let's begin our second analysis. UK100, ftse100 will crash, we have a eqh on 7700 with a lot of liquidity it was already taken last friday on 7900, also we have 5 waves of elliot and harmonic pattern in the range of 7700-7900 We still in uk100 ATH when all institution begin to sell...
Possible Head and Shoulders pattern developing May recover over a month as MCAD is favorable for a short-term BUY, but then crash to about 6700, so I reckon it's best to short this after it has recovered.
After ATH for the FTSE100, the development of bearish divergence within a rising wedge has occurred. This bearish pattern has broken down now and I AM SHORT at the current levels. I am looking for the price to come down to 7700 where I will take some profits. Followed by 7600, 7400, and finally 7000 I don't have a stop loss in place as I think it could put in...
UK100 - Intraday - Previous support located at 7600. Previous resistance located at 7650. Price action has continued to trend strongly lower and has stalled at the previous support near 7500. Price action looks to be forming a bottom. Risk/Reward would be poor to call a buy from current levels. A move through 7650 will confirm the bullish momentum. We look...
Hi there. Price is moving impulsively to the downside. Wait for the price to complete the pattern and watch strong price action for sell.