According to A falling wedge pattern is seen as a bullish signal as it reflects that a sliding price is starting to lose momentum, and that buyers are starting to move in to slow down the fall. Divergence on CCI
Price has rejected main resistance level, 4H candle just closed as bearish engulfing so I'm expecting to price comes down to the previous low level since the main pattern on Daily and weekly are channel UP I believe it will touched there and bounced back up.
Closing if price closes BELOW the support zone, no set SL in particular, and targeting the top green zone
Ftse100 is currently retracing after a very big movement to the downside. This retracement can take us up to the golden area of 7145. Here we can sell to push prices back down to the support area of 6900, if broken can take us to areas of 6575-6337.
According to Possible Head and shoulders in formation CCI Below Level Zero
UK100 has created a sell profile again. Note: This is a second entry after the initial longterm entry.
Key level reached which is an ideal area to sell with a tight SL. Goodluck
UK100GBP is at a key resistance level, as well as being at the peak of a bear flag on pivot 5, RSI 2 & MFI 7 showing massively over-brought, I think there's only one way from here, down. expecting 65.98 eventually, but you can pencil in 71.50 as TP1. good luck, see you at the bottom.
Good evening all, I am overall forecasting a bull move coming in for the FTSE 100 shortly... this is due to price failing to maintain the HH HL price action. HOWEVER.... We all know we trade what the market gives us which is why I always have multiple entry's for both bullish and bearish should price decide to go against my forecast. Now, every entry you see is...
DISCLAIMER 1) You should consider your own Risk:Reward ratio and do proper lot sizing according to your margin and leverage level. 2 ) Not every idea is a valid trade. Some are pending orders. 3) This analysis is just a trading idea, not a trading signal for you. 4) My own trend direction estimation, entry point, stop loss and take profit levels are shown on...
Following on from my previous idea, the FTSE has continued to show strength at this level of support. A triple bottom has formed at what looks like the bottom of the cup in a cup and handle pattern. If FTSE traders were bearish, the drop from the rising wedge would've been steeper. The news around the vaccine spat with the EU would've also likely caused a...
In the 240-minute chart, due to the 5 descending wave movement to the range of 6315, there is a scenario that, we encounter 5 more downtrend waves. The corrective movement of these 5 waves have been completed in the range of 6793 and the first wave from point 3/C has been finished in the range of 6535. In wave 2, the Expanded Flat pattern is formed. By break down...
Looking to Buy UK100 after A CORRECTION COMPLETES
Price in the short term is in a bearish decline, while the medium to long term trend is bullish. Price has declined to a key area of previous resistance and potentially support on the Daily timeframe. Based on price action I believe this could be a key area where price could reverse to test previous broken support. I don't expect price to hit this target till next week.
UK100 is going to buy because we have a break of structure for potential upside movement, (DAILY STRUCTURE)
UK stock index is retracing a little after the bit impulsion that we predicted in our previous Analysis. If you are not in open position you can buy One at the CMP and second buy limit will be 6550. If you like my idea just hit the LIKE button.