The FTSE is giving us very corrective and sideways price action. It is difficult to come up with a reliable forecast. The sideways price action fits in a bullish as well as a bearish scenario.
Yes there you go another prediction where my structure points are always valid no mater the product... go take a look at the others and the eagle eyed will pick up some free hidden structure points when you scan the chartssss.
Here is where the BULL took over
Now is a shot down for some free money
Hello friends
A 5-wave pattern is seen in the form of a corner pattern, which is usually in the initial wave 1 or the final wave 5, and the pattern is completed.
Now we see a triangle pattern
The triangle pattern is formed in wave B or wave 4
Therefore, we are facing two scenarios
If it is wave 4, the price moves up and if it is ABC, it moves down
Therefore, we...
I'm thinking about entering a long position.
For a few reasons:
- Trading range and low in it so limited downside for bears
- Big sell climax bar, so bad short below.
- Strong buying pressure to the left, so likely buyers below protecting my stop
Downsides:
- Follow-through bar next week could run stop in one go - sad face - I'm thinking entering half a...
UK100 - Intraday
Indecisive price action has resulted in sideways congestion on the intraday chart.
Risk/Reward would be poor to call a buy from current levels.
Short term RSI has turned positive.
A move through 7425 will confirm the bullish momentum.
The measured move target is 7525.
We look to Buy at 7365 (stop at 7315)
Our profit targets will be 7485...
the detail is shown in the above Idea.
I made this Idea based on Candlestick Analysis and Harmonic pattern.
UK100 rise up and two circles ( Shark eyes of stock buyers ) monitor the market and we can expect a correction
in Fibo 78.6 then Buyer Shark jumps up higher to reach 8000.
Good Luck.
Today's focus: UK100
Pattern – LH decline
Support – 7375 - 7250
Resistance – 7466 - 7710
Hi, and thanks for checking out today's update. Today, we are looking at the UK100 on the daily chart.
Today's video asks if the UK100 will continue to move lower after setting up a few beach technical signs. What do you think about the reasons presented in today's video...
In the reported financial update, the FTSE 100 index experienced a slight decline of 0.11% to close at 7,401.72 on Wednesday. This drop was primarily driven by weaknesses in the financial and mining sectors but was partially offset by robust results in the retail sector. Notable companies such as National Grid, BP, Shell, Anglo American, and Fresnillo contributed...
The FTSE is giving us very corrective and sideways price action. It is difficult to come up with a reliable forecast. The sideways price action fits in a bullish as well as a bearish scenario.
Hey Traders,
Global indexes are easier to read when you can see where market value exists.
I previously called it short from the highs in this analysis:
This was just before the mammoth fall in which we have seen. The UK economy has been subdued and the latest Inflation readings are not appetising. This is causing huge uncertainty within the British economy...
UK100 shows sign of distribution
1) the first sign was the light volume breakout above the 25 oct 2023 resistance level.
2) we believe the light breakout on thu 02 nov 2023 was a pure sign of shakeout, our reason is that after the 02 nov 2023 on the 3 nov 2023 we saw uk100 dropping below the 25 oct 2023 resistance with increasing volume.
3) On Monday confirm our...
The FTSE is giving us very corrective and sideways price action. It is difficult to come up with a reliable forecast. The sideways price action fits in a bullish as well as a bearish scenario.
Hey Traders,
As global economies drag and other indexes begin to drip, the UK100 is no exception.
I trade this market a lot and I'm mostly looking for high probability entries.
Some of which are labelled via PA zones.
UK100GB - 24h expiry
Price action looks to be forming a bottom.
Short term RSI is moving higher.
Risk/Reward would be poor to call a buy from current levels.
A move through 7400 will confirm the bullish momentum.
The measured move target is 7500.
We look to Buy at 7350 (stop at 7300)
Our profit targets will be 7470 and 7500
Resistance: 7400 / 7450 /...
The FTSE100/UK100 has been showing signes of weakness although remaining at a high level.
Find the our initial short - arguably our trade of the year - in the linked trade
UK100GB - 24h expiry
Price action looks to be forming a bottom.
Price action has continued to trend strongly lower and has stalled at the previous support near 7250.
We expect a reversal in this move.
Risk/Reward would be poor to call a buy from current levels.
A move through 7350 will confirm the bullish momentum.
We look to Buy at 7280 (stop at 7230)...
![UK100: UK100 MEET RESISTANCE [ DISTRIBUTION]](https://s3.tradingview.com/n/NmXV0Dxp_mid.png "UK100 MEET RESISTANCE [ DISTRIBUTION]")
