FTSE100 weekly cypher formation. High probability setup for long entry. Trend continuation. 38.2% 50% FIBs. RSI oversold on Daily. On weekly sellers are having the control. Previous resistance becomes support approaching from the upside. Good Luck
Follow the comments on the chart! if If the price goes up to the size of the stop loss point, put the stop loss on the entry point, Stop loss means that the closed price must be below the Stop line, the shadows are not acceptable
Fever-Tree Drinks LSE:FEVR performed well for me last year.
This is a fairly new stock, only floating on the UK stock market in December 2014.
Despite this, the stock has outperformed others which have a long track record.
After the strong move up over the past couple of years, price went into consolidation and
used the daily 200 moving average as...
TVC:UKX is looking to breach the Red Komo (cloud) on the Ichimoku. It hit the top resistance blue line and is now headed to the bottom support blue line around 7106. Could be a near term short play and the geo-political backdrop is reinforcing this (lots of bad Brexit news and retail sector suffering Toys R Us, Maplin have gone into administration and several...
Following the sell off in equity the FTSE broke below the weekly 50ema and formed a lower high on the daily chart. The past couple of weeks price has retraced to the 0,382-0,5 fib retracement and decelerated at the key S/R level of 7300. First target is around 7100, second target around 6900...
BT is currently in a flag pattern, so is the RSI and the CCI.However, BT does not really show that much volatility in recent earnings reports. So, I would only be shorting till the 50 SMA.
61.8 Fibonacci sitting at the key support zone.
GBP looking likely to re-trace after seeing a large move up last week so we could see price move higher back into the current highs.
UK100 is testing the PRZ of a monthly Butterfly pattern.
The price is also testing the top of a weekly ascending trading channel.
Unlike SPX that keep on rising, here we have a setup that can be used if you wish to short stocks.
7700-7800 Key Resistance Zone
H4 - Bearish convergence, double wave correction, price broke below the uptrend line and is moving lower.
H1 - Double wave up with bearish divergence price broke below the uptrend line, We have a big double wave down and the second leg of this double wave has broken below the 100 fibo level. A flat correction has happened, price broke below the bottom of this...
This stock is in bear trend but has found some strength to recover some lost ground mainly due to general strength of the UK stock market. It's retesting the level of support from the wedge formation and should find resistance, terminating in a return to the downside.
