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.
FTSE 100 has had a big push higher, want to see a retrace before entering a long. Once it peaks on the current spike look for retrace to around 0.382 Fibonacci for entry. I have set target at a new high of 7004.4 although there will likely be some resistance at the previous high so can also take profit there and re-enter on the retrace from there.
Higher lows created & massive uptrend. Want a price to fill this gap and raid these daily highs, capture as much liquidity as possible then enter around the pullback to these equal highs. £ showed strength towards the end of last week. Fundamentally intact with over 12 million people getting their first covid dose, UK on road to recovery? Let's hope so!
This has been playing out perfectly to my expectation in my previous ideas. Now it has retraced to find support this should rise to break the previous high. May drop a touch more but an entry here will be good. Mood on this is still very bullish as can be seen on MACD across timeframes. Target is 2849, then a retrace should be expected from there.
Another 40% crash is about to happen soon. This will be the last phase of big-big consolidation from 2000 (grey zone)
Inverted H+S set up and a lot of retail selling which pushed me to buy
This has broken resistance and is now pushing higher. I have done very well out of this stock for the past few months and it has enormous potential to grow. If you need an entry to this wait for it to retrace back to the previous resistance level marked with the blue rectangle, this should act as the new support. For a short/medium term trade the target can be...
in last 12 months many things happens in Economy Covid-19 and Politics. Economy need to run and can see life more normal. UK100 can see last year level 7200 to 7600.
Entry was 6454.6 Stop Loss 6402 TP 6663.6 Regards Darren
Into support - similar structure to H2 2020. Expecting more upside Best, HF
Price in the short term is in a bearish decline, while the medium to long term trend is bullish. Price has declined to a key area of previous resistance and potentially support on the Daily timeframe. Based on price action I believe this could be a key area where price could reverse to test previous broken support. I don't expect price to hit this target till next week.
Trade idea Impulse move now corrected to the initial demand zone IF unchanged / positive Economic data Look for potential Longs 19TH OF Feb (Multiple FTSE companies Earnings report ) A day to watch IF trade ongoing.
FTSE100 UKX - Range Bound - WHERE TO NEXT? Technical View: Resistance: 6782.5, 6823.0, 6900.5 Support: 6677.7, 6627.6, 6610.9, 6535.8 (200EMA) Pattern: Multiple formation Bull Flag / Triangle Formation How to approach this trade idea: - Add alerts at key break out areas - Wait for the break out and trade the pull back - Check the key Fibs matching S&R...
Break of the uptrend line was strong with a good impulsive candle. Now at critical support near 6600 level. 200SMA is also at support. An impulsive break lower could signal momentum to get us to 6500 target. Risk-off this morning across the board. Some of it on news as China's surging COVID-19 cases trigger clampdowns. Good Luck and Stay Healthy!
UK100 is going to buy because we have a break of structure for potential upside movement, (DAILY STRUCTURE)