Up against double resistance and RSI divergence
Retest of previous highs. Higher lows, bullish overview on the weekly. Let's wait to see the retrace into liquidity pool (LP) zone then look to catch the reaction.
Rupert Douglas, head of institutional sales for crypto brokerage Koine, isn’t ruling out a further drop. “It’s tough right now to say how far BTC retraces,” he told CoinDesk. “My concern is around equities, where I believe tech is in a bubble not dissimilar to 2000,” he added. The equities markets are mixed Tuesday, with some hopeful numbers out of Asia while...
Traders, as per our weekend multi timeframe analysis, FTSE100 has reached its first profit targer. More can come if this market picks up momentum. FTSE100 (UK100) reached the first profit target of the pattern. I did not take this long but it was a very accurate trade. Congratulations to those who took it. 👍😄 Here is the video stream where we discussed...
📌 Exchanging A quick chart update here for today's flow which is essentially intended to cast some light over No-deal Brexit motives. In all cases, losing market access is a bad idea in the short-term and particularly when done frantically. The apparently desirable opportunity to cause maximum damage from Downing Street with NDB is playing an important role...
📌 UK Equities remain vulnerable with Brexit & Covid in play. (Similar representation for those tracking the moves in S&P, NQ, DJIA and etc...) (1) Firstly challenge the view that Rishi's stimulus produces an immediate effect and anything more than a spring mattress; the furlough scheme is incredibly expensive and weighing heavy despite being totally...
Hey Every-one Here's an idea on the FTSE 100 looking at it from the 4H chart which is trading in a descending triangle structure on a couple of time-frames but more focus on the 4H. The index just tested the bottom of structure or rather support looking for a push up with the bulls to respect the descending triangle structure before we see any break-out of any...
The FTSE100 is clearly in a bear market It's running under the Ichimoku cloud, the 50 day MA is turning lower, RSI moment is bearish and major UK stocks are heading back to their March lows. There seems to be a small section of UK stocks that are doing well, but even those are looking a little overstretched now. Levels to look out for 5,700 and major support at...
The last three attempts to breakout above the 6300 level in the FTSE 100 index have ended in the break below a rising trendline.
FTSE100 Weighted by various components, as well as that there was news that few companies from FTSE100 index will be removed and replaced. However, let's focus on technical aspects: We are within a range bound area for a while! Could look at it like bullish flag or a wedge/Triangle pattern (Be careful of fake break out). Which ever way this index breaks - I...
I am still expecting a correction, I am not gonna trade this I will count the waves lives for this week under this post but I am not gonna open a position until I see a clear sell
Compared to major indices in the US, Europe and Asia, the FTSE100 is getting beaten up, and beaten up bad. Macro economic factors for the UK are very bearish, with huge job layoffs and big unemployment numbers when the UK furlough scheme ends, not a lot has changed since my last update. Major FTSE 100 companies like Taylor Wimpey, BP, Lloyds, BT etc are all...
Good evening traders today i am having a look at a possible long position and i would like to be finally breaking the down trend and have a good RR of 4.7
I am expecting a pullback and then a downtrend
When your in stock business it's easy to adopt one direction as trader and in my opinion is Buy. One Decision means easy to get success.
I will wait for wave 5 to finish and then short
I think the first wave of the 4th correction is over and we will be in an downtrend channel soon