It's been quite a 24 hours in stock markets, with risk appetite suffering due to a combination of factors including earnings and global recession warnings. This was always going to test this new-found bullishness in the markets.
As always, these may have been the catalyst for the sell-off but there will be other underlying factors as well. For example, just prior...
Stock markets have been on a good run since late March, with the FTSE bouncing back around 20% from its lows to within a whisker of 6,000.
The rally looked to be running out of steam around 5,800 but a late surge on Thursday, backed by momentum, quickly changed that. Unfortunately though, we've since seen a bearish engulfing pattern on the 4-hour chart which begs...
Nice little ascending wedge on FTSE could spell trouble in the coming weeks. I'd have thought to break out of the downtrend in red would warrant a retest of the trend at some point.
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💡 UK100GBP technicaly based idea, technicaly indicators showing we can expect higher push up in price, we can see...
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Price formed a Bearish Flag and was rejected of the higher boundary of the Pattern. In case there is a breakout of the Mid line of the pattern we can initiate a short position.
Also if there is a breakout of Bearish Flag to downward we can initiate a short position
Thank you for reading this idea! Hope...
Good afternoon traders,
Looking to go short on the UK100.
Chart created an inside bar set up and small fakey.
Hope the price will go lower.
Details set up:
Order 4850
SL 5400
TP 4000
LVG 5 x
Good luck
Spyros
As you can see, price has broken the downwards channel. Price is currently heading back down to retest the channel. One of two possible scenario's will take place;
1 - Price will break through, back down into the channel and continue downwards
2 - Price will reject the channel, thus reversing the current downtrend and will begin to make moves to the upside
In...
So today USA pours massive funds into the system and markets responding by a having a good pullback.
We are massively oversold, a pullback could be due.
Seeing a technical resistance here to potentially pullback to 5700 and 6000.
Of course still dependant from the virus, any news about spikes in UK area could drag it down.
Good Luck!
Description:
An analysis for the week ahead.
Points of Interest:
200 weekly moving average; Friday’s low; trend line projected from 2009 and 2011 lows; the 2018 low, as well as 2015 and 2016 distribution area; 2720 balance area for retracement; cycle analysis.
Technical:
Broke out of a week long balance Thursday (i.e., cluster that included a 100.00%...
This Idea made according to
three Technical Parameters
1-Break in Parallel Channel
2-Rectangle Pattern
3- Crab Harmonic Pattern
it is necessary that told RSI indicates Bullish Trend But it is Clear that Bullish Power is less than bearish Power Like crisis on 2008
I am looking at a potential bullish set up for the FTSE100.
Technically there is a nice key price level at this zone around 6000. The lower 1hr timeframe shows price bouncing off an intraday support level and if the upper bearish trendline is broken then we could see some movement to the upside.
There is also a lot of fiscal stimulus coming from the UK...
Traders, it is usually a buying opportunity in markets when there is blood on streets. FTSE100 (UK100) is about to complete a bat pattern and crab pattern in a zone. This is a weekly chart but can give a good opportunity for a bounce up. Don't trade it for extended targets though.
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