bull flag in weekly close above 6200 than ready to buy 6150
Hi all, FTSE100 seems to be struggling to recover from the brutal February stock crash, added to the recent BREXIT issues, all fundamentals do not support a bullish outlook. But technically we could be getting ready to trade higher, we gotta be optimistic at this point. A good deal from the BREXIT talks could fuel the buys. For now investors are mostly observing...
ABC Correction on Long TIme Frame is Under Progress. B wave may give retracement up to 50 -61.8 or 70.7% C wave will give confirmation after trendline breakout and it may retest around 7500 of the previous trendline.
📌 UK Equities remain vulnerable with Brexit & Covid in play. (Similar representation for those tracking the moves in S&P, NQ, DJIA and etc...) (1) Firstly challenge the view that Rishi's stimulus produces an immediate effect and anything more than a spring mattress; the furlough scheme is incredibly expensive and weighing heavy despite being totally...
Good morning traders. Today i am looking fro buys from a very respected demand zone and i am going to be waiting for a very clear rejection from that support and i am looking to leave this trade for longer period of time that is why my take profit is so wide. please ensure you guys do you own analysis and you use good risk management and wait for more than one...
this index is falling , UK delaying reopen will hit it for aweek or some thing i will short it now and buy the bottom latter next week . take this on you own responsibility
Price formed a falling channel near the resistance zone. A break higher is a continuation signal to target 6500, previous highs. 2nd target is at 61.8% fib retracement of the March sell-off. Sentiment is positive as markets prices in the reopening in UK and Europe. Please support the idea and share your thoughts on FTSE! Good Luck and Stay Healthy!
FTSE failed to break resistance zone and sold lower. Now approaching support at the trend line, 200SMA and 6000 level. A break lower would trigger a sell to lower levels. Please support the idea and share your thoughts on FTSE! Good Luck and Stay Healthy!
Please See Picture For Analysis
A triangle price pattern and RSI near 50 shows that daily FTSE is entering the final stages of consolidation. this means we shall soon see the next big candle move from the market. On the fundamental side things are looking bearish as virus cases spike again and IMF and Central Banks are being very negative regarding the economic recovery. The contrarian point is...
Not much on the UK100 but if looked at closely the trade is simple. Bearish push down from 17 Jan 2020, then consolidation all the way to 08 july 2020. 09 July drop 12 july up to consolidate/test "trend line" 24 July drop again! My prediction is that we may see another push down.
After Monday's retracement indices have been ranging with no real momentum. Resistance of the range is 61.8% and good support zone (green) with 50SMA and 200SMA. Break of either and close opens new target levels. Please support the idea and share your thoughts on FTSE! Good Luck and Stay Healthy!
Price continues to test 61.8%, a good break above and close is a signal for to buy and target further upside. Please support the idea and share your thoughts on FTSE! Good Luck and Stay Healthy!
Market looks ready for some very profitable upside. Watch this trend. Trade at your own risk ... I posted below chart in the commodities chatroom when market was ready for some good drop. Looks like the drop hit target exactly and now market is ready to go back up;
Price testing a trend line here. A break higher opens more target levels. Of the uptrend line break, we can see lower levels before buying the dip. Please support the idea and share your thoughts on FTSE! Good Luck and Stay Healthy!
FTSE breaks resistance and now at 50% fib level, a break higher is a buy to target 6400 level. So far risk on mood everywhere. Please support the idea and share your thougths on FTSE! Good Luck and Stay Healthy!
FTSE tested 200SMA yesterday and rejected, now still trying near it. If it breaks to the upside, targeting recent highs and potential retest of the broken uptrend line. Please support the idea and share your thoughts on FTSE! Good Luck and Stay Healthy!