Please support this idea with LIKE if you find it useful. Price formed a Bearish Flag and was rejected of the higher boundary of the Pattern. In case there is a breakout of the Mid line of the pattern we can initiate a short position. Also if there is a breakout of Bearish Flag to downward we can initiate a short position Thank you for reading this idea! Hope...
He everyone, Been a long time since I posted a chart/comparison. All major stocks are represented here and compared with Bitcoin. Bitcoin is in its own merits an index for the whole cryptocurrency market, and every crypto-trader/enthusiast knows that when Bitcoin moves up or down, the whole market usually moves with it. The whole economy, including the...
The FTSE100 seems to have one of the better structures during this correction. Expecting a move down in five waves in to the green box as a buying opportunity for a significant move up, at least as part of a larger corrective move to the upside. I will update this chart as things progress.
We are currently seeing a 30-40% adjustment in the markets due tot the impact of Covid-19. After last week's crash, governments have announced economic relief bills of unprecedented sums of money that have turned the market bullish. Although such "rescue packages" are effective in the short-term, they cannot cover long-term economic damage that is expected to...
with M and W TimeFrame Analysis and drawing Parallel Channel and following UKX based on Harmonic Pattern The trend is bearish to red Level .
Pivot Analysis and Harmonic Pattern tell Uptrend Movement to touch R1 Level in Pivot Analysis and golden Ratio Fibo Level
So today USA pours massive funds into the system and markets responding by a having a good pullback. We are massively oversold, a pullback could be due. Seeing a technical resistance here to potentially pullback to 5700 and 6000. Of course still dependant from the virus, any news about spikes in UK area could drag it down. Good Luck!
Suggests 6825 bottom then full recovery Not high confidence.
Good thing - downturn is done Bad thing - very little recovery for long-term holders
completed harmonic bullish bat pattern on UK 100 index. pattern completion point is lying on a strong horizontal daily structure support. I belive that this week the index will grow in value at least to 6945 level with potential continuation to 7245 good luck!
JD Sports has a good history of trending well as we saw from the trend between December 2018 to May 2019. Price became exhausted and went into consolidation from May 2019 to September 2019 and the breakout in September was the first indication of further trends to come, which is what we are currently experiencing. This has not been the neatest of trends but...
UK 100 index is approaching 2019's high. on 4H the price is consolidating within a horizontal range and I would suggest shorting the market in case of a bearish breakout of it. Target levels will be 7450 / 7250 (based on structure) * in case of a bullish breakout the setup will be invalid and the order will be canceled
TVC:UKX , in its daily chart, shows Elliott's wave contracting triangle pattern in progress. The blue box reveals a potential area of a bullish reaction, from where new buyers could be waiting to incorporate their limit pending orders.
The British index could reach a new high.
The Distribution Schematic #2, by Richard Wyckoff: bit.ly UK100 is currently in Phase D and has already done a Bearish SFP, which indicates a possible downtrend. This seems like a nice example of the Distribution Schematic #2 and also has a fundamental background due to #Brexit. Rest is Risk Management. Entry: 7390 SL: 7810 TP-1: 6910 TP-2: 6610 TP-3:...
We look to Sell at 7445 Bespoke resistance is located at 7445 Positive overnight flows lead to an expectation of a firm open this morning We have a 61.8% Fibonacci pullback level of 7432 from 7729 to 7003 Although the anticipated move lower is corrective, it does offer ample risk/reward today Expect trading to remain mixed and volatile Stop: 7485 Target 1:...