FTSE100 - Possible movement for coming weeks
Direction of FTSE 100 in the coming days, trade according to the break out of the triangle, then follow the S/R zones.
17 to 20 Oct. these two weeks could have some major events that could bring market into chaos so just be alert.
14 to 18 Nov. also need to watch out too.
FTSE100 - Possible movement for coming weeks
Direction of FTSE 100 in the coming days, trade according to the break out of the triangle, then follow the S/R zones.
17 to 20 Oct. these two weeks could have some major events that could bring market into chaos so just be alert.
14 to 18 Nov. also need to watch out too.
FTSE100 monthly chart looks super bullish and says the index may very well on track to post record highs. A move to record highs doesn't look impossible, given the Bank of England (BOE) is seen cutting rates next week and a significant majority also believes it would restart QE program.
On monthly chart, every dip below 6000 was met with fresh buying interest...
Go long the FTSE100 if it trades at 6930 or higher. If triggered, place your stop at 6803 and exit the position for a profit at 7035 or at your own discretion. (Always invest wisely).
In this idea you don’t get the following:
1. How to identify the trade setup
2. How to identify short term trend
3. How to protect gains in your trade
4. Market deciding price...
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,...
FTSE100 - Where to next?
Technical pattern break out to either direction!
It's been my favourite trade since 2019. However, it does look a little overextended but let's see which way it breaks out towards and that's trade I will be taking short term
Don't forget - Follow your trade plan!
Trade Journal
Let us consider the possible Cypher set up on the daily chart. We are considering a drop from the current level to point D stationed at 5756 levels (Point D is 78.6% of XA leg).
At the current juncture such a move appears likely if there is a sharp recovery in the GBP/USD. That in turn appears likely if the Bank of England disappoints markets.
Markets expect...
FTSE100 D1
Caught in the range between the alluring 7725 sell zone and the steadfast 7275 support price. This range encompasses a substantial 450-point span, bridging the chasm between resistance and support, offering enticing opportunities on both sides of the spectrum. Notably, FTSE100 has been graced with compelling wick rejections, particularly in recent...
FTSE100 D1
Buy some came into play late last week, following the latest stock dump, we have since started to bounce following an upside gap, pushing as much as 1.7R, but sat at a current 1.3R.
Eyes on FTSE100, we may see a second attempt bounce from that 7265 support price. It's going to be a busy week, I can't stress that enough, with all the risk events,...
FTSE100 D1
Moved up a timeframe here for the FTSE100 analysis, we are starting to see some rejections for the second day here. A little different to the play we can see on the DAX, the DAX looking very bullish thus far. That being said, could simply be a second entry/retest offering.
Indices trade and analyse a little different to FX. We base our entries and...
FTSE100 is not a growth index but value based. We debate inflation but entered in recession talk, for FTSE100 consumer stands strong is very important but UK Govt inject money again but it is not a solution. Index got a big part over 17% OIL shares but Oil can slip at some point.
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...
FTSE’s bearish break from rising wedge formation as pointed out yesterday did lead to a drop to 6663 levels today before the index spiked on weak data.
Bad news is good news
Today’s reaction to weak UK July preliminary PMI figures (highlighting the economy at weakest since 2009) was the classic “bad news is good news” trade. Weak data pushed up prospects of...
FTSE100 D1
Since breaking south of 7720 during the start of May 2023, we have held this range between 7720 and 72250 support since.
Sell zone is between 7700 and 7720, a 20 pip zone. With take profit targets, or our buy zone sitting around 7260 to 7280.
