I don't know what to tell you folks I'm seeing patterns from 2008.
OANDA:UK100GBP
TVC:UKX
FOREXCOM:UKXGBP
NYSE:DOW
Not only will Global markets be affected this will create a recession. INVEST IN BTC...
With a start of a new quarter..keep an eye on the FTSE 100.
Price has been consolidating since the start of the year, trading inside value for '21.
After selling off early in the year, price is back retesting 6800 yet again. A break above would be a very bullish signal, with continuation towards yearly highs a good possibility.
We are currently opening near last...
As u can see UK 100 is in a uptrend this looks like it is now exhausted and looking to reverse back down.
we have been in a rising wedge from 17 march and looking to complete on 3 may where we could see a potential short position play out target is on chart
The chart speaks for itself. Nice top, but I'd like to see it go down again to retest level underneath and rise again - as scenario 1 follows.
Might be a few days to do so, but considering movements the last two months, where I have been following FTSE closely,
it does not have the strength to keep going as is right now.
It might also happen that it loses a lot...
Following the world economic recovery, FTSE is now in a bullish cycle and here's our view for the upcoming days:
1.LONG : If the price retests the lower trendline and forms back a green bullish candle on the H4 timeframe, a Long position can entered there. And when the price reaches the green doted line, an additional Long position can be entered with more...
there is global diamond pattern for most indexes the rising cycle restore in markets from Asia to USA after the prices pullback from 6650 dip creating highdf low from the last one around 6500 which open new levels for 6960 for now
most indicators support this scenario .
i will keep an eye on astrazeneca news so i dont take any surprises for that 6700 stop loss...
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UK100 H4: Market BUY now TP +350 points(SL/TP)(NEW)
IMPORTANT...
In the 240-minute chart, due to the 5 descending wave movement to the range of 6315, there is a scenario that, we encounter 5 more downtrend waves. The corrective movement of these 5 waves have been completed in the range of 6793 and the first wave from point 3/C has been finished in the range of 6535. In wave 2, the Expanded Flat pattern is formed.
By break down...
UK100 has been making clear impulse correction impulse. On lower timeframes, watch for shorting opportunities e.g. break of trendline near the channel resistance.
More in-depth analysis in the links below.
Trade Safe!
After the bear channel was broken, FTSE arose and the up trend on daily chart. I believe FTSE will be testing support in the upcoming week and is bound for breakout in April.
