We have been talking for a long time about bullish UK stock market index FTSE100 a.k.a. Footsie. We also shared the chart with our members more than a year ago, where we were tracking wave 4 correction within an ongoing five-wave bullish impulse. After a longer sideways consolidation, it turned out to be a bullish triangle pattern in wave 4, but as you can see,...
This is a Thread, so Follow for Technical Analysis performed with TrapZone Pro & UMVD Indicators. * Trend is Based on TrapZone Color * Bar Colors give us Momentum Green from strong Up Moves. Red Bars point to strong Down Moves. * Red UMVD = Selling Pressure & Green UMVD = Buying Pressure. Purple is for Divergence = Battle of Supply &...
FTSE - Longer term view A break to either direction! Have a great week ahead, TJ
FTSE 100 index looks like its getting ready for a breakup that can take the index to new highs in the coming weeks
The FTSE has lagged other major indices since the March lows but could now be set to play catch up. Price still around the 50% retracement level and in a narrow 300 point range for the past month or so. 8/21 EMAs positive and a clean break above 6290 would pave the way for a breakout. Possible targets the 61.8% fib at 6520 or the 78.6% at 7007. I like long...
Given the economic environment, these ratios are on the top of my watchlist..
Looking at the biggest equity markets in the world - let's remember to keep our eyes on stocks as an asset class, not just US equities!
Parameters : Position Size : %1 Risk/Reward Ratio : 2.99 Stop-Loss : 5939.5 Goal : 5636 NOTE : Zoom in :