Looking for this to drop 200 points over the next week or so. Have bearish price action over daily and weekly time frames as well as a break on the trend line.
UK100 should rise today to 7560, maybe continue up on Friday.
Direct Line Group continues to trade within a medium term downtrend. In the last couple of sessions we have seen a rejection at the medium term trend resistance line and also the top of a range that has developed over the past few months. This rejection is likely to trigger a move to the lower end of the channel at 332p. 332p is a huge support level that has...
Hello everyone! FTSE100 is forming purple bullish wolfewave project on H4. Prior to fallback to point V, I expect it to form a rising wedge/triangle (yellow) to retest line II-IV. Good luck and profitable week!
First short with target 7135 (SL 7300) following 61.8% FIB as well as a possible gap close, then long with target 7455. I advise to trade your own plan! Good luck!
At 7525 we are at the bottom of the 10 day Raff channel, and have had a slow pullback this morning. Lower support is at 7510 so we may well see some support around the 7500 to 7525 level for a rise back to test the recent high at 7600. Above that then 7685 looks possible, but with the General Election on Thursday it will be some brave bulls to take us that high...
The UK elections are coming and GBPUSD is starting to feel the pressure. GBPUSD broke below a daily channel and closed below the Fast daily MA line last week. As long as GBPUSD stays below 1.3 the direction is down (in my opinion). The next Major Buy Zone for GBPUSD is 1.26 and that can be the level in which GBPUSD will turn back higher and climb towards the...
As we approach the UK elections, FTSE is heading towards the completion of a bearish weekly Butterfly pattern. Watch it...
i just take a short on FTSE with short-middle term with 3 target
UK100 Trading around 7480-7485 level divergence Seems may b some thing going to happen big. its also on Monthly highs let see new high create or drop badly any time. If its honor this divergence we can see drop of 250-300 pips. Let see above 7570 or 7200 Expecting 7200-7250 before 7570
A new elections soon --- it will cause always volatility. And since, the BREXIT will be discussed, the volatility will increase. Supposing, BREXIT will not happen, pound will be strong, and the increase of UK100 was partly due to weak pound, I see the index to go down - of course if the tomorrow (19th April) vote will be in favour for new elections.
-tweezer top -decelleration -H&S pattern forming right shoulder -lower high -bearish MACD Divergence
we are headed down on Uk100 a little resistance , whole number and technical head and shoulders pattern here