4H Chart Explanation:
- Price bounced on the Resistance Zone.
- Price broke the Ascending Trendline.
- Now, it has potential to move down towards the Support Zone at 7122,8.
However, our long term views are long!
Weekly Vision:
Daily Vision:
I don't usually do this, but I wanted to start tracking the footsie100. I am going to keep it short and sweet for now because I don't want to get assassinated by the UK government LOL.
From where I stand, the recession is in full swing. Look at the first cross of the 30-day VWMA over the 90-day VWMA on the 31st August and look at the potential cross again at our...
Short based on
1) Head and Shoulders formed.
2) Current tumble in other indices that will drag FTSE with it
3) a correction in recent drop of GBP may occur, there is an inverse relation (relatively) between the index and GBP, which will drag the FTSE down.
*Please support this idea with a LIKE if it helps you. Thanks!
More details about me in my signature.
FTSE100 - Elliott Wave Outlook
Bearish Swings - Patterns:
Flat Structure in Cycle Wave IV (green)
Primary A (turquoise) - Simple Correction
Primary B (turquoise) - Complex Flat
Primary C (turquoise) - Bearish Extension
Bullish Swings - Patterns:
Leading...
Market has been on a downtrend following a break in channel, as observed in the trend line.
Retest to the upside has occurred.
Market dropped below trend indicator before and after retest.
Expecting further drop from here as we are in a downtrend.
Scalp/day/swing trade market to the downside.
Pick your entry point wisely.
DISCLAIMER;
Trading carries risks,...
The FTSE100 appears as though it is forming a simple bearish flag formation. I would be a little cautious on looking at this as a Head and Shoulders formation, however it does look like we could be forming that as well. (leave a comment below letting me know what you think)
The move to the downside would be a measured move from the first leg down which was...
Hi all
After shorting it on the initial down move, after the retrace, it has hit support and made an engulfing bearish candle on the 4 hour.
I now do expect it to head lower again, in turn gold to go higher and Yen pairs to go lower.
It is cycling lower nicely and an I think indices could be in trouble over the net few week.
Thanks for looking....
FTSE 100 is close to complete the -5.30% decline after being rejected on the Lower High of the 1W Channel Down (RSI = 49.506, Highs/Lows = 0.0000). The Golden Cross (MA50 over MA200) on 1D was the signal both on the Lower High and the one on the late May 2018 All Time High. 1D is fully bearish (RSI = 33.998, MACD = -8.850, Highs/Lows = -159.7305) even oversold on...
He'll huff and he'll puff and he'll .....Well that's about it .
At the moment they are tallying up the newly acquired shorts on the markets to add to the get rich quick black Monday desperados .By Friday they should have enough shorts to have a great shindig in the Hamptons at the weekend .As soon as it's official and they know they made a killing The Donald...
*Please support this idea with a LIKE if it helps you. Thanks!
More details about me in my signature.
FTSE100 has been labeled within a Grand Super-Cycle degree wave IV (blue), which has been unfolding ever since the Dot-Com bubble.
Structure - Expanding Flat Formation
2000 peaks and down until 2003 bottoms - Super-Cycle wave (a) (red)
2003 bottoms up until...
WITH THE REJECTION OF THE TREND LINE AT THE 3ERD TOUCH ON THE DAILY TIMEFRAME , A ZOOM LOOK AT THE 1h CHART TO GET THE BETTER ENTRY AND THERE IT IS, PERFCTLY REJECTED.... STARTING TO MELT THE WAY DOWN, THIS IS GONNA BE HUGE !!!
i think this is buy trend ..
1: doji form here in correction level
2: uk100 is up trend becz previous level is high
Best open buy here :7435
Goal : 7521
thanks
Reg Art
