Massive push higher this week on FTSE and RSI looking very overstretched on shorter time framed charts. Good place to take profit on long positions or alternative a small short position with a tight stop. Would like to see the 7060 area re-tested
Hello everyone, I hope you are all doing amazing! We are currently sitting at the resistance of the channel we have formed on the Daily. There are 2 support levels to look for on the chart, where if Short position is taken, may be used for TP. Wish you all good luck!
Similar structure with the chart I posted two weeks ago on uk100 (FTSE). Really good trade, more pips expected than the previous trade. Lets goooooo
Clear signs that the short term trend of the FTSE100 is starting to reverse. Long opportunity on the smaller time frame.
Trade details for current trade are shown on the chart. We are working the 15M time frame on this strategy. We're looking for the green line which is take profit target. Little blue long arrow is entry point and purple line is stop loss. Trade history can be seen at the foot of this trade idea too for full transparency. Previous two trades can also be seen on...
Price has been corrected by 3 waves of A B C. And the structure is still valid within it's validation zone
As promised my alarm was set for this one. Can it go three out of three for the week? Trade details for current trade are shown on the chart. We are working the 15M time frame on this strategy. We're looking for the green line which is take profit target. Little blue long arrow is entry point and purple line is stop loss. Trade history can be seen at the...
Trade details for current trade are shown on the chart. We are working the 15M time frame on this strategy. We're looking for the green line which is take profit target. Little blue long arrow is entry point and purple line is stop loss. Trade history can be seen at the foot of this trade idea too for full transparency. Second trade of the day for this...
What has the highest probability of occurring? Since early May 2021 price has rotated from 7200 resistance to 6800 support and back again on 2 occasions. There are two classic patterns forming within these rotations. The broadening top is currently valid with 3 tests of the upper trendline. The recent rejection at 7200 appears to be what Bulkowski describes as...
Q: What has the highest probability of occurring? There is a lot of volume being traded but the market is moving sideways. The expiration date on the 3rd Friday of the 3rd quarter is approaching. Traders are rolling forward their contracts from September to December. It makes for quite difficult trading of classic patterns. A rise in false breakouts. Consider...
Tomorrow is the LDT for a 46p divi = 1.46% simple divi yield off current price. Also appears as though the ETF has formed a triple top - but as the saying goes "no such thing as a triple top". I am hoping we power through to resistance around 33. I had been averaging into my ISAs and SIPPs the for past few days in anticipation of the dividend and next leg higher.
Hello Traders, We approach a significant level also having a divergence with the FTSE100 and the GB US yield spread. Level labelled. Have a great week! Vitez
fundamentals lookin sweet, stable yeild on the uk 10yr, waiting for bank rate decision on 23rd sep. comment your thoughts
watching closely for a potential break higher. Currently testing downward sloping resistance. A break and hold above 7185 targets 7235
The FTSE is looking primed for a potential breakout. We have a flat sided ascending triangle which tends to resolve to the upside. The 7200 resistance will be tough to overcome as it was strong former support back throughout 2019. Recently price has been rangebound between 7k and 7.2k, seeking a new catalyst for a sustained move. The RSI has plenty of room to run...
I think Every correction wave has by signal. Good luck
I would be surprised if this bounce continues much higher before a pullback/some consolidation. We are hitting double resistance - Lateral and downward sloping. There is also some hidden bearish RSI divergence. Ideally would like to see 7070 tested and then will re-assess
We've had a bounce off oversold levels this morning but my bearish thesis remains whilst we are below 7190. Next downside target is 7060.