FTSE100 continues to rage within the falling channel, looking more like a wedge with lower touches now. Today testing the resistance again after bouncing of 38.2% retracement, 200 SMA and resistance level in the way. FTSE looks bullish on dollar weakness. Though Brexit worries with David Davis resigning could spell for a weak pound later. Break above the ...
FTSE100 was trading within channel for past 3- weeks with top at 7788 and bottom around 7486. The index recovered slightly from the low of 7486 made on Jun 25th 2018 till 7706. This shows lower high and higher low formation. So it is good to sell on rallies. The index is currently trading around 7583.
The near term support is around 7530 and any break below will ...
Today FTSE made a third touch and confirmed a trend line right on the 50% retracement of the move. Previously respected 38.2% fib level as well. RSI in oversold area, but going lower with the pullback. 50 SMA about to cross above the 200 SMA. Important to notice that on the 4 hour chart, the 200 SMA is right on the trend line, adding additional resistance. A break ...
The FTSE made a new high which implies that the 2018 pullback in January is complete and the next leg higher has begun. Price is currently retracing the first wave higher and looks like it might be putting in a 3 swing movement for that pullback, I have added a green box to the chart showing the area I expect to be able to buy this asset. To take the trade I ...
Trend analysis Uk100 Stock break H4 Trendline and make low low and low high next move make new low low
Elliot wave analysis breakout H4 trendline make Implus 1 then correction then next move implus 3
target 1 low support (LL) target 2 use history price range
31st May FTSE 100 Index Update UK100
FTSE bounced away nicely off the support zone at 7600-7580
and really we should have reversed back long off 7600 with
stops below 7580. My bad here.
But it's beginning to struggle and if you were slick enough to
reverse long again without prompting the long stop needs
raising to just under 7680 here.
Any failure to hold ...
FTSE 100 Index UK100
Since making a seasonal high on 22nd May FTSE has fallen away down a narrow impulse
wave and chanelled down the smaller falling pair of parallels from the new high.
Whist constrained within the channel FTSE remains vulnerable to further selling pressure
back to the first minor support line at 7691. Failure to hold here will trigger a ...
UK Stock Index
Now it is at decent double top, around 7800 region and now bears are clawing back.
If you have long, try to take profit for now as it can go lower for now.
The immediate support is near 7720 and it may get go to 7575 level. DO NOT LONG now.
DYODD and Trade Safe
s0nic
Disclaimer:
The information contained in this presentation is solely ...
FTSE
UK stock index is on the rise again, and I am expecting it shall go higher first.
The nearest TP level is 7450, or the harder one will be 7560 regions.
I will update again if there is any changes.
DYODD and Trade Safe
s0nic
Disclaimer:
The information contained in this presentation is solely for educational purposes and does not constitute ...
H4 - Triple cycle up forming, based on the fibo extension levels of the two legs, we have a magnet zone. We also have a bearish divergence.
Price is nearing this magnet zone. Once price reaches this zone we may expect a bearish reversal to happen.
We may then start looking for sells with the breakout of the uptrend line.
UK100GBP is approaching our support at 7104.3 (horizontal overlap support, 38.2%, 50% Fibonacci retracement, 100% Fibonacci extension). A strong bounce might occur at this level, pushing price up to our major resistance at 7221.5 (horizontal swing high resistance).
RSI (55) is approaching our major support level and a bounce off this level might be a good ...
D1 - Double cycle completed, we may now expect the price to move higher until it reaches the 38.2% retrace zone.
H4 - Price broke the most recent downtrend line and retested it. We may start looking for buys now.
Invalidation - If the price moves lower and holds below this downtrend line, then this setup is invalidated
