First target reached this morning on the gap closure at 6780. RSI starting to head to overbought territory. Hoping to see a bit of consolidation before next push higher
We are currently testing Friday's channel break. Good RR levels to go long for those who currently don't have a position. Nice gap at 6780 I would like to see filled, as well as the full target of the bull flag and inverse H&S of 6870. We have seen some month end selling during the previous few months which is something to keep an eye on and more reason to keep...
Bottom of the red lateral support held despite yesterday's brief wobble lower. In hindsight it was a great buying opp for those that missed the morning's bullish confirmation. Still looking for full target of 6870 - however not in a straight line
During today’s European trading session, the risk tone soured with EMEA indices negative across the board and measures of volatility elevated; although, safe haven currencies remained broadly weaker. Leading European indices to the downside is the IBEX 35 at -1.13%, followed by the FTSE 100 at -0.94%, the Euro Stoxx 50 at -0.65% and the DAX and CAC 40 at -0.62%...
After taking some profits at the red resistance zone a couple of weeks ago, I will use the current pullback to green zone to starting accumulating again into my ISAs and SIPPs. I would really like to see this ETF touch the 32 region over time.
I started scaling back in and increasing my weighting around 29 (green box) in the hope we would get the break higher we seeing now. Yesterday we saw the VHYL ETF be the first to break higher and VUKE appears to be following suit. Red lateral resistance is quite significant and I wouldn't be too surprised to see the ETF pause a bit at this level, consolidate,...
Buyers stepping up and continue to buy at 6680. If this hourly candle holds, it will be a good opportunity to go long. There is a gap at 6700, and the bullish inverse H&S is still in play targeting 6870.
Following on from my previous idea, the FTSE has continued to show strength at this level of support. A triple bottom has formed at what looks like the bottom of the cup in a cup and handle pattern. If FTSE traders were bearish, the drop from the rising wedge would've been steeper. The news around the vaccine spat with the EU would've also likely caused a...
Nice retest and resumption off broken pennant trend line
The FTSE is currently sat at strong support. Sellers tried to push price lower, but the index was bought back up to form a pinbar (red arrow). Lower BB also sits at this point (see %B in bottom window). Considering the lacklustre fall from the rising wedge and the subsequent pin bar, we can expect 6800 to break (see how long price spent lingering around the...
- Possible Nest configuration with a double 1-2 of different degrees - Regular Flat correction in wave 2 Sub-minuette - Leading diagonale in wave 1 Micro and double Flat WXY in wave 2 - Price actually trying to cross the EMA's and to consolidate above them - Breakout and consolidation above the ATH would let the market go! Next important long term target around...
Long Setup at the bottom of a ascending channel for BP 4HR TF Areas of confluence too include 200EMA 0.618 Fib pull from High to Low Volume Profile *POC Point of Control .618 Fib Speed fan All confluences within the orange Box in the chart Be responsible for your SL and Invalidation Like and Follow is always appreciated
Up and coming IPO for the ftse100 could be currently priced into the market for a strong finish to 2021. Looking for the shorter time frame entry 1h/30m.
Entry details are shown on the chart. We're only looking for TP3. Trade history can be seen below this trade idea too for full transparency. This isn't one of our main timeframes, but I'll be doing more testing on the H2 chart over the weekend. ------------------------------------------ I try and share as many ideas as I can as and when I have time. My trades...
Looking slightly ominous on the hourly chart. Trend is still up and we have a bullish inverse H&S and bull flag still in play. A pullback here to 6680/6700 would be healthy and an opportunity to get long should we see the support hold.
Successful break and re-test of bull flag on the hourly chart. Higher lows in place, as well as a potential bullish inverse H&S building which will be confirmed with a close above 6700. A number of SL levels available depending on time frame and risk tolerance - index has been very volatile last few trading sessions. I will look to re-evaluate on an hourly...
My natural bias would like to see the index pullback further here - as we have seen the 6600 level has been a magnate the past few trading sessions. The hourly bearish engulfing would support a short position, but we do have the index on a triple set of supports. I'm waiting on the sidelines hoping for better levels to buy into my ISAs and SIPPs
LOOKING TO SHORT THIS PAIR AS WE CAN SEE A CLEAR BREAK OF MARKET STRUCTURE