Back into no-mans land (red area) - I wouldnt be surprised if we see 5715
A few weeks ago I highlighted a topping pattern in the weekly chart. The hourly chart confirms this bearish view
After a deflationary wave comes the hyperinflationary impulse up!
I'd like to refine my past post on the FTSE 100 Bear Flag - to give it a bit more strength. There's a key level of support (now resistance) in white. This is a right-angled descending broadening wedge that's been forming since Feb 2017. The white support of this pattern neatly intersects with the blue colour Bear Flag as of April 29 (Today) I think this adds a...
There are many suggestions that we're seeing an ascending triangle (with a confirmed breakout) on the UKX. The white horizontal line shows the resistance of the Triangle. Something just didn't feel right for me on that pattern - particularly the 'breakout' which seemed muted and weak considering this multi-week build up. Instead I'm suggest a bearish flag in...
Looking for a pullback from the top of the channel = re-test of the IHS neckline
hey guys, a perfect example of a reversal pattern on UK 100 index. we see an ascending triangle with a sequence of higher lows and a strong horizontal resistance that still holds! wait for a bullish breakout of 5850 resistance and buy on pullback expecting a bullish continuation. target levels: 6150 6500 based on structure! good luck! if the market...
After a successful gap close - the index is again trying to break through its neckline. Waiting for confirmation
Index failed to break out after forming a bearish hourly candle. RSI divergence is worrying. Looking for a gap close at 5660
Consolidation before a large move in whichever direction it breaks out in. US open will probably kickstart it either way.
Nice little ascending wedge on FTSE could spell trouble in the coming weeks. I'd have thought to break out of the downtrend in red would warrant a retest of the trend at some point.
Good looking short term set up with a couple of potential gap fills
Decent short term set up, couple of potential gap fills, good RR
Successful break and re-test of 200week SMA. Break through lateral support around 36.50 targets 22.00