Be careful with UKXUKX looks toppy from a cycle view Stay tuned for potential reversals.by PACDealer0
FTSE 100 Short Idea Today at 5:30 the UK PM will be announcing a "Plan B" covid plan for the coming weeks after the emergence of the new Omnicron variant. Depending on the plan it's possible for Sterling and UK stocks to plummet if the news is bearish. The RSI indicators on the 4hr chart have just started to edge down from its overbought regions (85) indicating that there is room to go down. If we look to Europe and the economic impact that covid has had it's likely for the same to happen to the FTSE100. UShortby Orion-Markets3
UK 100 Short planDon't forget to Press the follow button after reading for more daily professional analysis, Here we have our FTSE or UK 100 chart. On the current positive news sentiment around the omicron variant, we have seen a huge rally. We are looking short at we approach recent highs. Short TGT noted by the directional arrow.Shortby WillSebastian1
Optimism pays off with a beautiful rebound.Managed a 5 times return with the nice rebound following on from our previous post. We continue to trade within this 8 month long ascending channel and I have taken some profits as we approach its upper limits. I anticipate a sell-off in January, common for FTSE and other stock markets as we head towards the end of financial years. In the very near term I expect a slow grind back up to the 7400 level, perhaps even onwards to the 7460 level over the remaining trading days in December. I will trim my remaining position until then. Technical pullbacks are possible over the coming days as the bullish news thins out. A close of the 4H8EMa gap at 7300 would be a good entry point for further upside. If lost 7250 and 7230 would be good entry/exit points for hedging. Predominant confounders are ofcourse omicron but the statistics are reassuring at present. I find it interesting how the pharmaceuticals play up the severity whilst the politics play it down at present. It's almost if they have money banking on this kind of stuff. ;-) Trade safeLongby justinp19890
UK100: BearishKey level reached which is an ideal area to sell with a tight SL. GoodluckShortby Nash-880
UK 100 Short planDon't forget to click on the follow button after reading for more daily Professional analysis. Here we have our UK 100 chart. On the current rise, we are now looking to short back down to some key support and MA's, with our target identified with the directional arrow.Shortby WillSebastian223
UK100 BULLISHlooking for a BUY positions after price fall down to close the Open Market Gap. price make a BOS, this is a sign that is posible to have a change of BIAS in this week by moneyforBabyUpdated 1
short opportunity on UK100Decending Channel According to Price action mixed with convergence Shortby winerstep1
FTSE 100 (UKX) | The best area to fall🔥Hello traders, FTSE 100 (UKX) in daily timeframe , this analysis has been prepared in daily timeframe but has been published for a better view in 2 day timeframe. According to the previous waves, this wave that we counted is wave b and wave b is formed in a zigzag pattern. And we assume that this zigzag is over and wave c waves are formed. We are inside wave 1 of wave c and wave 1 can be guessed to end at the bottom of the orange channel and wave 2 is formed as a reaction to this price floor and then wave 3 starts moving, which moves to 6500 in the first step. This analysis is fielded if the previous ceiling is broken. 🙏If you have an idea that helps me provide a better analysis, I will be happy to write in the comments🙏 ❤️Please, support this idea with a like and comment!❤️Shortby mahdisoltaninjad224
FTSE intraday shortGood Morning, afternoon and evening traders! Don't forget to click the follow button after reading my post for more expert daily analysis. Here we have our frequently traded FTSE 100 chart. We are up on the day from current UK market sentiment attacking some key resistance. We are looking for an intraday short this morning back down. Shortby WillSebastian221
UK100 ready for a short!! (sunday at opening)Dear traders, First of all, enjoy your weekend and have a great sunday. Ofcoure our weekend is time to backtest and our sunday is used for preperation for the upcoming week. 1 trade that we are sure to trade, probably at open on Sunday, is the UK100. This pair has shown an impulse downward move followed by a correction wich took a while. This corrective move basically showing us that the bulls didnt find enough power to have the upperhand. Bears are taking over. As shown in our chart we can see that there was a counter-trendline wich held for a day, after it broke structure it retested and got rejected. After the break of structure all the timeframes that we are interested in are aligning perfectly and we are ready to trade. To wrap things up: Sunday at open we will be interested in taking a short trade on the UK100 because of the indicators, timeframes and structure on these timeframes that align. Wishing you an amazing trading week and stay safe! Kind regards, Tim.Shortby FXT_TL0
Is the rally over? I'm optimisitic.....Leading on from my previous post where I got blew completely out of the water by the emergence of Omicron I am looking for a Reentry point for a climb back up. I should be clear that for the past weeks I have been shorting the Major indices to hedge/recoup my losses from the recent pullback. My emphasis is on the the word pullback. I feel we are now seeing some good volume and stability about key levels. The US500 is finding traction around the 4500 level at present and the UK 100 is looking for buyers at 7100. On top of that the D200 EMA sits 60-70 points below and it looks like the big fish are seeing this as a huge buy opportunity. I still maintain that the FTSE is undervalued but the Fear factor is dominant at present. I am maintaing a position currently just above the D200 EMA and if we see a close around the 7100 level I will take a further position in anticipation of a possible bounce this week. My rationale for the bounce is that I anticipate emerging data regarding the omicron variant over the weekend and my first impression are that this is potentially a high transmission/moderate pathogenicity variant at present. I admit this is a bit of a gamble and there is nothing more irrational than the financial markets but my bias at present is that this is pullback and a buying opportunity. God bless hedging....by justinp1989111
UK 100 Bearish intradayFor more detailed analysis, don't forget to hit the like and follow button. Here we have our UK 100 chart. After our targets were hit yesterday we are now looking short for intraday gains. We are already seeing some price rejection at recent 1H highs and looking for this to continue.Shortby WillSebastian1
UKX 6796 targetI'm shorting UKX This is the action-reaction technique aka market Geometry We have a geometric target around 6800 Some bearish divergence is building on the weekly POST FOR INFORMATION ONLY No advice giveShortby Great_Reset_Investing2
FTSE 100 intradayFor more daily detailed analysis from myself, don't forget to click on the follow button. Along with other important markets, the FTSE is seeing some sideways movement over current market indecision. Often at these times, price will move either way eventually. Price direction is noted by the arrow.Shortby WillSebastian222
UKX Hourly - Bounce feeling tad overdone here Bounced nicely as expected but has run a little too hard out the gates for my liking. Up against lateral resistance and hidden bearish RSI divergence confirms. Would like to see 7090 area re-testedShortby gillyblore0
UK100 BullrunYou see ittt. W currently forming, price bounced off bottom of UPTREND. About to break resistance and take off for a cool 3000 point move. HIGH RISK TRADE. Got to risk it for the biscuit. I caught a thousand point drop off a ascending wedge. Price dropped a total of 2000 points before rising. Charts are looking right these days. Make your profits fam. Abundance. (this trade will only be valid IF price breaks resistance. High probability that it will tonight or tomorrow morning. ULongby Lomeli7600
UK 100 PlanDon't forget to click the follow button to get detailed daily analysis, Here we have our UK 100 (FTSE) chart. This is an asset I trade daily. With the current news sentiment we have seen a fast and sharp move down followed by a swift rebound. we are at Key MA's and some good support. We are looking to get long again. TGT area is noted by the Blue arrow on the chart.Longby WillSebastian662
WIll the FTSE go down to 4000?Hi All With global pandemics continuing, inflation on the horizon, and the chart in a squeeze pattern at the 78.6% retrace - I think if the channel is broken and long term diagonal trend line heading upwards is also broken, then 4000 is a definite target. I've been waiting all year, and i think it may happen soon Good luck and safe trading. DuncanShortby DividendDuncan2
UKX Hourly - Good RR for a small longRsi divergence coupled with some long tailed candles. Small long targetting 7085.. Stop at the todays lowsLongby gillyblore0
Uk100 , get ready for a reversal a typical Wyckoff pattern. Ill sell after the retest Shortby Analyticssage0
UK-100 waiting for longNext Covid mutant creates a situation for us to buy the UK100 when reaches key levels. Usually it corrects 10-13% and/or around 20%. When it corrected 20% it always went intantly up. So when it reaches the instant buy zone it is a strong buy. Advice when to buy: it will make its final LL, then everytime it creates a HL it is the beginning of the uptrend.Longby buybarni0
UKX Hourly - Decent RR for a bounce I think theres a decent RR on offer here for a small long... stop at this mornings lows. Targeting 7140, 7155 and 7180Longby gillyblore0