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.
The UK100 is looking very bleak for the foreseeable future. A massive rising wedge has formed on the 3D and looks to break at any point in the next couple of months. Combine this with rising inflation and fears of conflicts in Russia, all provides the perfect setup for the UK100 to take a large pull back. It is also worth noting that the OBV has broken down...
According to Head and shoulders Downtrendline channel Resistance and support level Convergence on CCI
A quick look at the FTSE100 Index using the traditional Ichimoku Cloud Settings of 9,26,52,26 and the MACD Indicator. The Ichimoku Cloud Conversion Line (Tenkan Sen) is indicating that the Mid-Point of the Short-Term momentum is downwards at the moment. The Ichimoku Cloud Base Line (Kijun Sen) is indicating the Mid-Point of the Mid-Term momentum is sideways at...
MN Trend: Downwards W1 Trend: Downwards Comments: Wait for price to break TL in D1 chart
just share some play ground for UK100. see if it goes in this way?
Another short opportunity. With the UK inflation is on 20 years record just released. This is very great opportunity. good R:R. Target on the support.
Market are reacting to the persistence/implications of inflationary pressures which are still building. With the rise oil price and 10Y above 1.80%. This will create Risk-Off today for Indeces.
For more daily Detailed analysis, please feel free to click the follow button. If you do have any questions, please do ask them! Here is our FTSE chart. We are looking short at the current highs back down to reasonable support on LOWER TFs.
UK100 has created a sell profile again. Note: This is a second entry after the initial longterm entry.
UK100, 15m Sell Entry - 7192.8 Stop Loss - 1207.4 (14.4 pips) Take Profit - 7152.8 (40 pips)
MN - Downtrend WK - Downtrend D1 Direction Reacting off Supply. Look for SHORTS. H4 TF Look for fresh levels of supply to sell
According to FIBO Retracement Divergence between the CCI with Price Move on Chart Price Action / Minor Trendline Broken , now Re tested
Key level reached which is an ideal area to sell with a tight SL. Goodluck
Decending Channel According to Price action mixed with convergence
WK TF - short bias D1 Direction Retracement 1. If price does not break SUPPLY, then SELL 2. If price breaks SUPPLY, then buy from the new DEMAND zone that was formed H4 intermediate TO observe where price will go before deciding 1. If price does not break SUPPLY, then SELL 2. If price breaks SUPPLY, then buy from the new DEMAND zone that was...
UK100 Crab complete with potential double top (Not confirmed yet though until neckline is broken) I have entered early just based on LTF analysis, so that has made this trade a little riskier, but the probability of this falling are greater than rising so for me it was worth the risk, if hit's SL we just get back in a little higher and ride the wave down bringing...