Bearish engulfing candle on the hourly signals we may see a pullback here - cannot be long. We are coiling within a symmetrical triangle - patience is key
FTSE100 Moving In Up Channel. If price closes below 6850.0 I'll consider opening sell trade with TP @6640.0
Big reversal off our red lateral support following yesterday's sell off. Long with a target of a gap close at 7036
Fibonacci level to be hit, to correlate to higher timeframe 78.6% retest before going higher.
Once again opened higher and has been drifting lower after re-testing resistance. Bulls appear to be trying their best to squeeze the bears as much as possible before next leg lower. Holding onto for shorts for now.
Index hit double resistance this morning (lateral and prior upward sloping) - and reversed. I am still holding my short positions initiated a couple of days ago. Today's high is the line in the sand for now & hopefully we go back to the bottom of the range at 6850.
Brent Oil trading within the Apex we are soon to get a breakout or breakdown . As detailed on the chart we can see that the .75 Fib has been a Strong support for Brent since December 2020 and is still respected . With that said we have a measured move of around 15 percent for this to extend its uptrend into the 80 dollar zone or retreat back to the 56...
Index opened higher and (unexpected to me) closed the gap at 7006. However - the picture is still not bullish. We have yet to see higher highs, and there is hidden bearish RSI divergence coming through. I am holding onto my shorts for now (albeit a little more uncomfortably than yesterday) & definitely not ready to add until we see further bearish developments.
FTSE 100 (UK 100) tests broken channel expected tp @6761
Lovely bounce this morning following the RSI divergence identified. Looks a bit overdone here and I think we can see the downward trend resume. There is a gap around 7000 but will take time to see that filled I think. First a move to at least 6900
Our bear flag played out beautifully and I don't think the selling has finished BUT it was a very quick move and we now have some RSI divergence. I have taken profit on my shorts and swung long looking for a bounce towards 6900. Against the trend so will be keeping my stops tights. NB only looking for a bounce here - can only hold longs if we see a trend change.
Index has broken upward support, and is now in the process of forming a bear flag. Watch the gap at 6941 for first target
H4 - bullish false break H1 - reversal pattern (divergence + convergence) M15 - POTENTIAL bullish impulse. Trading a potential setup is risky and much more aggressive than trading an actual setup. If you are not completely sure how to handle this one, better skip it or wait for the actual M15 structure (bullish impulse) to complete, than wait for the pullbacks...
UK100 has touched the top of an uptrend channel and has already reversed towards the bottom of this channel around 7000. RSI is in the overbought region too to support this. Good Luck!
Successful gap close at 6944 following a bearish false break higher. Significant support at 6955, through which we could see 6695 again. I took profit on my shorts at the gap close, but will cautiously start to sell the rallies towards 6980, and add should we break support
Re-testing upper resistance - good area for a short (based on assumption first break higher was false) Can continue to add to short if momentum to the downside picks up. SL - prior high (7035). Should we take out 7035, it becomes a false break lower and the picture will turn bullish
Spikes on no news in either direction always make me feel uncomfortable. Even when quickly reversed I find they tend to return to their initial reaction. Therefore shorting with stops at today's high. Watch the gap at 6944
In this video, I share some of our sentiments on the direction we speculate the indices to take for the month of May. Nasdaq100 Ftse100 Nikkei225 Dax30 If you wish to learn how to trade stocks or indices you may DM me for more information. Comment, like and follow. Thanks for the support Namaste