In this Wave Revision video I explain how this market already topped back in 2018.
It is very interesting to note because next I will be revisiting the pound to see exactly what is going on there.
A break of 6242 should provide the first clue that Wave 2 is complete.
A break of 5511 will provide further confirmation that Wave 3 down is in progress.
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...
This is a chart of the FTSE100 on the daily time frame, each bar is 1 day of price action. In this post I talk about the price action of July, bull and bear cases for the FTSE and important levels to watch out for if you're looking to add to positions.
The last time I posted about the FTSE I said it was important that we do not break the 6,000 level, and if we...
Hello analysts and traders -
Looking at the FTSE100 - it is time to sell? We think yes - we have monitored this on private charts but now it is time show a public view and to close some longs and begin to hedge and close out final longs.
Have you noticed a pattern?
All indexes have had Vshaped recoveries - however is it sustainable? Nope.
With a lot of the...
📌 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...
I have drew an easy to understand technical chart of the FTSE 100, highlighting the major support and resistance areas from March to July, using a daily chart (each bar is 1 day of trading on the FTSE100).
We can see that the 5,000 area acted as major support level in March, on 4 days wicks broke the 5k level but closed above (that tell us this is a huge support...
I'd like to refine my past post on the FTSE 100 Bear Flag - to give it a bit more strength.
There's a key level of support (now resistance) in white. This is a right-angled descending broadening wedge that's been forming since Feb 2017.
The white support of this pattern neatly intersects with the blue colour Bear Flag as of April 29 (Today)
I think this adds a...
FTSE100 (UK100) tries to hold 5600 after multiple failed attempts to overtake 5800. It is currently sitting on a support level. The 4-hour chart is showing us that it is in a descending channel that could form into a bullish flag.
What do we have here?
✔️ Descending Channel Following Longer-Term Downtrend
✔️ FTSE100 - Losing Support Level at 5600
welcome to another free signal of WEEK 36 Nr. 5
How to trade: 1. Wait for a break below the Neckline
2. Wait for the retest of the neckline and sell when you see rejection
Sell here: 7269
Target 1: 7235,4
Target 2: 7218,5
welcome to another free signal!
Important: Wait for the Breakout and sell the retest!
Target 1: 7208,2
Target 2: 7164,0
Target 3: 1,31377
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