UK100 $FTSE Start building shorts into 7880.
Hello Traders, In this analysis, we will have a look at the FTSE -0.03% Index in the 4-hour chart. FTSE -0.03% cycle from 2/11/16 low ended at the peak of 01/12/18 (7792.56) in red wave a, and red wave b pullback is proposed to be completed at 03/26/18 low (6869.79). Up from there, black wave ((1)) ended at 7904.55 peak. The rally from 03/26/18 low can be...
Potential (small) upside target towards 7900. Otherwise, move down towards 7600 and 7500.
Hello Traders, In this short-term analysis, we will have a look at the FTSE100. FTSE cycle from 3/28 low is proposed to be completed at 7904 high in black wave ((1)), below from there the index is correcting that cycle & expected to find buyers in 7-11 swings provided the pivot at 6867 low in our proprietary distribution system stays intact. Short-term it has...
All details in the chart... Good luck all...
Break of the 7720 level can get us in the trade. Target area should be somewhere in the fib zone, difficulty with this setup is that the resistance is a quite wide zone as this is our target. Setup is off the table when it breaks below 7690.
31st May FTSE 100 Index Update UK100 FTSE bounced away nicely off the support zone at 7600-7580 and really we should have reversed back long off 7600 with stops below 7580. My bad here. But it's beginning to struggle and if you were slick enough to reverse long again without prompting the long stop needs raising to just under 7680 here. Any failure to hold...
UKX possible direction. Note: this is not a trading signal, please perform your own analysis and trade at your own risk. happy trading!!!
I waited for nearly a year and a half to see this near 8000 price level retest. Now, i'm the biggest bear around.
FTSE 100 Index UK100 Since making a seasonal high on 22nd May FTSE has fallen away down a narrow impulse wave and chanelled down the smaller falling pair of parallels from the new high. Whist constrained within the channel FTSE remains vulnerable to further selling pressure back to the first minor support line at 7691. Failure to hold here will trigger a...
FTSE UK100 Bearish Megaphone under construction 7900 target before plunge
Very good opportunity to hop on the trend. Resistance becomes support previous High. Bullish on equities. 38.2% fib retracement. Target1 retest of structure T2 127.2% fib extension. 4H 2618 trade double topped with break of structure + retracement. GOOD LUCK
Short UK100 @ 7672; TP @ 7471.3, Sl your choice
H4 - Triple cycle up forming, based on the fibo extension levels of the two legs, we have a magnet zone. We also have a bearish divergence. Price is nearing this magnet zone. Once price reaches this zone we may expect a bearish reversal to happen. We may then start looking for sells with the breakout of the uptrend line.
Long FTSE 100 @ 7,064; TP @ 7,346, SL your choice
UK100GBP is approaching our support at 7104.3 (horizontal overlap support, 38.2%, 50% Fibonacci retracement, 100% Fibonacci extension). A strong bounce might occur at this level, pushing price up to our major resistance at 7221.5 (horizontal swing high resistance). RSI (55) is approaching our major support level and a bounce off this level might be a good...
D1 - Double cycle completed, we may now expect the price to move higher until it reaches the 38.2% retrace zone. H4 - Price broke the most recent downtrend line and retested it. We may start looking for buys now. Invalidation - If the price moves lower and holds below this downtrend line, then this setup is invalidated