Target in the area of long-term support level.
📌 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...
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...
DISCLAIMER: As a trader you should consider your own risk:reward ratio and do proper lot sizing according to your margin and leverage level. Not every idea is a valid trade. This analysis is a trading idea, not a trading signal for you. My own trend direction estimation, entry point, stop loss and take profit levels are on the chart. Please like, comment,...
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...
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 Thank you,...
6680 PUT worked perfect on this beautiful setup. 💸📉📈💻🖥
Hey tradomaniacs, 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 ----------------------------- Type: Daytrade Sell here: 7269 Stop-Loss: 7288 Target 1: 7235,4 Target 2: 7218,5 ...
Simple trend continuation trade. - Lower highs and now lower low - Price rejecting 4hr 50ema - Fib 0.618 retracement level - Price rejecting 7200 price level Looking for a new lower low and price to finally reach 7000.00
Hey tradomaniacs, welcome to another free signal! Important: Wait for the Breakout and sell the retest! ----------------------------- Type: Day-Swingtrade Sell-Limit: 7281,8 Stop-Loss: 7328,5 Target 1: 7208,2 Target 2: 7164,0 Target 3: 1,31377 ----------------------------- LEAVE A LIKE AND A COMMENT - I appreciate every support! =) Peace and...
The FTSE100 index is selling at a P/E of 17.2. This is quite high in a low interest rate, low growth scenario. The UK is in a mess, with Brexit problems, neighboring countries teetering on recession and Boris taking over the leadership. A DCF valuation of the FTSE100 using 3.2% growth, 8.6% discount rate it shows the index is 11% overvalued. I think the German...
FTSE 100 has rejected 7600-7590 area in the 1hr time frame, 3 consecutive times suggesting that a correction is possible. If FTSE100 breaks below 7550 (23% fib level) we can see a correction upto 60% Fib levels at 7440-7430 levels. But FTSE needs to break below 7550 to trigger this trade. Stops should be above the recent highs.
FTSE 100 has a potential break down below 7140 which could lead all the way down to 6900s. For a entry, looking a entrancement back above 7200 with stops around 7400.
Hey tradomaniacs, welcome to another free signal! ----------------------------- Type: Day-Swingtrade Sell-Limit: 7426,7 Stop-Loss: 7453 Target 1: 7364,8 Target 2: 7326,1 Point of Risk-Reduction: 7396,5 ----------------------------- LEAVE A LIKE AND A COMMENT - I appreciate every support! =) Peace and good trades Irasor Wanna see more? Don`t...