On our analysis on the 24.07 we indicated that we were long the FTSE100 due to pressure GBP/USD due to the uncertainty surrounding Brexit which would be positive for the FTSE100 as a large proportion of profits for FTSE 100 companies are made in dollars. Since then the FTSE 100 has risen by nearly 3% and with the expected US rate cut on Wednesday we anticipate the...
We are currently long the FTSE 100 which has dropped over the past day on the back of Boris Johnson's appointment and the subsequent strengthening of the pound. The pound strengthened as the market hopes that initial comments by Michel Barnier the European Union's Chief Negotiator would open the door to positive negotiations between the UK and the EU. However, we...
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 ?