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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Comment below and...
Looking at UK100 monthly chart, it is evident that the market is ready for collapse before the outbreak of coronavirus. Covid-19 is just the stimulant needed to accelerate FTSE100 market structure breakdown. With L-H and L-L completed in September 2019, market structure for breakdown was long completed but most people (including myself) missed that...
N.B
- Let...
Nice risk-reward to short on the break lower. I don't often give such short term trades since I am more of a Macro Investor but when I see one I will let you know.
completed harmonic bullish bat pattern on UK 100 index.
pattern completion point is lying on a strong horizontal daily structure support.
I belive that this week the index will grow in value at least to 6945 level
with potential continuation to 7245
good luck!
UK100 has reached a low RSI of 30 therefore the market holders would need to push the market back above the 30 rsi area so seems like a good short term buy may be even good long term buy just need to see the movements a little more before making an assumption, looks like it may reach point of consolidation near 6698.2.
Please leave me a like if you agree and...
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
www.marketwatch.com
www.marketwatch.com
4H Chart Explanation:
- Price bounced on the Ascending Trendline and broke the Resistance Zone.
- Bullish CCI.
- Price continues it up move towards the Major Resistance Zone.
Weekly Vision:
Daily Vision:
Updates coming soon!
Hangover Sunday TA again, this is the first time I've paid more attention to UK100 so I'm abit out of my depth.
Here is what i have for the upcoming week, I suspect we will see two different previous patterns followed (unless yet another surprise piece of hype changes things).
Red Lines for descending triangle is me looking for a narrowed down FakeOut then...
The UK index was strongly sold near the 7,730 Resistance this month and has so far reacted with a decline. This drop is so far being contained on the 1D MA200 (orange line). 1D has turned neutral (RSI = 47.582, MACD = 11.270, ADX = 21.739) which is normally an indication of support.
Following the Golden Cross late in December, this sequence is similar with the...
FTSE 100 (UK100 / UKX) has formed a nice sell setup with a very tight SL here.
The safest trade would be a sell order just under the current structure as depicted on the chart and watch it.
Trade with care and stay green.
Please let me know your view about the idea
Honestly think the pound will thrive once we leave, with or without a deal. if we leave....As for the UK index we are at a solid support area, i have entered a long position and plan to hold for a while.
