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)...
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...
FTS40 index showing head and shoulder indicated end of bearish trend
1. Double top all time resistance high 2. Daily Break of Structure (BOS) 3. H4 50 & 100 EMA Crossover potential (i.e. turning down) 4. Price action retest of EMAs crossover
Please pay special attention to the very accurate trend, and colored levels, red level as SL. Be careful BEST MT
UK Inflation readings just came in and the UK govt is raving about it. Well needed gratification is in order due to the current dire political situation (we won't talk politics).. Their promise was to halve inflation and their positive sentiment/rhetoric along with US news yesterday is creating bullish atmosphere within the UK main Stock Market, the FTSE 100. I...
@ price 7959.7 it is where I'm targeting to place a short, coz we are going to have a third touch at that highs trendlins & point 7959.7 when changing the candle sticks to ( Bars). You'll see that's where we have more opens buys at the very same zone.
Having broken through long-term resistance and come within touching distance of the February 2023 highs, the FTSE took a pause for breath last week pulling back from recent highs. Pullbacks provide excellent opportunities for traders to position themselves within established trends at attractive levels of risk/reward, and the FTSE’s recent pullback has put trend...
uk100 /USDT is Going to get a good setup for SHORT POSITION you can get this position with 0.2 LOT Good Luck & dont forget to set SL & TP
Although UK-100 Index Is Near All-time Highs, UK Economy Slips into Recession Technically, a national economic recession is defined as two consecutive quarters of contraction, and yesterday's Office for National Statistics data confirmed that this has happened — UK GDP fell in the third and fourth quarters of 2023 by 0.1% and 0.3% respectively. The Guardian...
This chart is a clear display of how markets work in simple terms. The fact is, your job is to look for repetition. Repetition directly correlates to probability, as it is your bread and butter for understanding what is next, That is also, simply, the point of price action. So when something happens so many times.. Do not be surprised if it happens again. And...
going long after the the end of the pullback came to an end the v formation was tested and held
Earlier this month, we discussed subtle cues indicating the FTSE 100's readiness to break out. Fast forward three weeks, and the index has decisively broken free from its long-term range, surging over 150 points post the US Federal Reserve's reaffirmation of its rate-cut plans. FTSE 100 Daily Candle Chart Past performance is not a reliable indicator of...
An overview of all the pairs I am looking at for this trading week. Full breakdown in the video with analysis and explanations of what I will be waiting for before executing in the markets.
UK-100 is on the verge of Symetrical triangle breakout. We will buy it on the breakout confirmation and targets last high.Our stops wil be last Lower High.