The FTSE 100 is in a "bullish price channel" as it has a positive slope with the upper trend line marking resistance and lower trend line marking support.
We are long the FTSE 100 and the dividend yield for 2019 should be close to 5% which provides positive income for holding the position even through a leveraged product that incurs financing charges (ie: a CFD...
Here actively looking to build a full sized position in UK Equities on the sell side.
=> Hard Brexit now sitting in 'done deal' territory.
=> All UK sectors are starting to cough and beckoning for help.
=> Expecting the shock to be felt in both the Equities market as well as the Pound (see related ideas).
=> This will detonate soon and provide a category 5...
H4 - Price broke the uptrend line.
We have bearish divergence with false breaks.
Price has also formed a double wave up and the price is currently moving lower breaking the most recent uptrend line. We can start looking for sells.
D1 - Price broke at the bottom of the range.
H4 - Double wave correction happening. Price is inside the 38 – 50 zone, also we have bearish divergence happening at the moment.
H1 - False break and bearish divergence. Price respected both the magnet zones.
Once the price breaks the most recent trend line, we can look for sells.
Good day (and night :-)), All!
FTSE* FOREXCOM:UKXGBP has been moving within grand triangle structure since May 2017.
Currently, minor WW is shaping as the index bounced of point 4 and is heading North to point 5 (basically the wave is forming right in between the borders of the triangle).
Once successful and if major violet formation holds well, it can provide...
At first I thought this was an ABCD but the price never responded to the c leg and now I see the 3rd leg on a Elliot Wave.
I am teaching myself this theory and so would like your feedback - What do you think ?
Hello everyone!
FTSE100 is forming purple bullish wolfewave project on H4.
Prior to fallback to point V, I expect it to form a rising wedge/triangle (yellow) to retest line II-IV.
Good luck and profitable week!
UK100 Trading around 7480-7485 level divergence Seems may b some thing going to happen big.
its also on Monthly highs let see new high create or drop badly any time. If its honor this divergence we can see drop of 250-300 pips. Let see above 7570 or 7200
Expecting 7200-7250 before 7570
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