Short Term Elliott Wave view on FTSE suggests that rally from 8.18.2023 low is unfolding as a 5 waves impulse. Up from 8.18.2023 low, wave 1 ended at 7745.82 and pullback in wave 2 ended at 7279.86. Up from there, wave ((i)) ended at 7764.37 and wave ((ii)) pullback ended at 7404.08. The Index then extended higher in wave ((iii)) towards 8015.63 as the 1 hour...
Chart is showing bearish divergence. Head & shoulder pattern is visible at recent HH which is also a bearish pattern. So we can take entry at the break of neckline as that point will confirm trend reversal.
➖ Back in May 2018 the UKX produced a peak that led to a major crash a few years later, this was the All-Time High at the time. ➖ The ATH came in May 2018 followed by a long-term lower high January 2020. ➖ The lower high January 2020 signaled the start of the biggest corrective crash since 2008. We have a similar situation when it comes to price action and chart...
Quick post from us on FTSE. We're looking at these higher levels for a RIP potential, if we can get it we're looking to take this down into our active targets. We'll update as we go along. As always, trade safe. KOG
UK100 H4 Sat on a key level of resistance, this 8000 price offer a whole/psychological number, H4 resistance and H4 demand, totalling our 3 confluences to signal. I’d love to see some price action confirmation, but often with these stock indices, it’s not worth waiting for.
UK100 was bullish mood so far. But a possible head and shoulder pattern forming at the top might change its mood and reverse the trend. We have a buying opportunity at break of neck line. Lets see how price unfolds!
There are 3 targets for the bear in this set-up. Lets see if its ready to go lower than TP3.
The FTSE 100 has reached a new record high after pushing through the bearish sentiment that has taken over global equities in the past few weeks. The index, which is made up of the biggest 100 companies in the UK, closed above the previous high of 8,045 on Monday following a 1.6% rise on the day. The rally gathered strength on Friday when the index saw some...
We have had a week full of negative news that has forced the FTSE100 index (Ticker AT: UK100) to cut its price from Monday to the Asian open by -3.70% and now at the European open it has rebounded by 1.36%. A possible military escalation between Iran and Israel has put the spotlight on the alert warnings in all markets and the Asian market experienced with a...
As I see it, as long as we stay above 7600-7700 a pump to 8k is a lot more likely as there's evidently buyers in the market keeping the FTSE floating, where as a break below will send this south (7400 or lower).
UK100 Share Index Rises as UK Inflation Slows Yesterday, the UK Office for National Statistics (ONS) reported that the CPI stood at 3.2% in March. According to ForexFactory, analysts expected 3.1%, and a month ago the index was 3.4%. Grant Fitzner, chief economist at the ONS, said: “Once again, food prices were the main reason for the fall, with prices rising...
Hello Traders I'm looking at the ftse since the start of the week but wasn't able to catch a good setup, now it seem like one. If the risk environment stays positive we can see more upside but this is a decent short term trade as well TP1 at asian session high
With the FTSE 100 closing at a record high on Monday, let’s take a closer look at the breakout and the catalysts behind it. Catalysts Behind the Breakout The FTSE 100's breakout can be attributed to several key catalysts: Expectations of UK Interest Rate Cuts: Anticipation of interest rate cuts from the Bank of England has weakened the pound, boosting the...
FTSE broke its support after what seems like a distribution. Should at least go down to major support for a major correction that is pending
A double top is a technical chart pattern that signals a potential reversal of an uptrend. It occurs when the price of an asset reaches a high point, retraces, then rallies back to a similar high before reversing downward. The pattern resembles the letter "M" and is formed by two consecutive peaks at approximately the same level, with a trough (the retracement)...
A BOLD prediction --- possibly to some people But I stand by this chart as a roadmap where I see #UK equities outperforming against the cash cow that has been UK #Housing The how's and what's and why's are unimportant But the key thing is for younger people struggling to get into UK housing Investing in #Stocks #Technology Innovation #AI and #crypto will...
As described before one of the worst index's to have been exposed to for decades WHILST during rampant #UK inflation The FTSE did nothing to help you out. Yet here we are about to see it get sent to 5 figures.
In Dollar terms. We have analysed the FTSE100 #UKX the GBPUSD and UK Housing on a big time frame scale before. Here we have the FTSE 100 and the UK companies which have pricing power versus #Sterling which we know is heading to sub $1 As we have expectations of the #GBPUSD to target 0.71 in a head and shoulders target close to a 50% drop from current...