UK100GBPas i said yesterday but my first trade ended up loss and i managed a second trade as it was shawing all my strategies pull back and small correction entryShortby madka1211
Retest of S+D completed. Continuation underwayTechnicals: As anticipated in my previous post, the retest of the S+D Zone around our 20 year channel has been completed (with a little help from the D50EMA) and we are now trading back above all major moving averages. My Short bias is back up to 7400 and likely onwards from there in the medium term. There is still a significant possibility of a retest of the 4H50EMA at 7285 and I suspect we will see that tomorrow morning on the open. Fundamentals: The elephant in the room is of course the spreading COVID wave across Europe at present (Have distanced myself from the DAX). The big wigs have been quick to distance the UK from potential ramifications at present and the statistics are still 'favourable' in my opinion. I suspect we may see more of a shift of liquidity from mainland Europe and into the US markets (US500 isn't done yet!) and I feel the FTSE will see some of this also. Yellow line is my current average which I will likely scale to track the 4h50ema following a retest. Trade Safe!Longby justinp1989110
FTSE/UK 100 PLANFor more detailed expert daily analysis, don't forget to click the follow button. Here we have our UK 100 or FTSE 100 chart. Lots of news on today so we are expecting some larger movement. As you can see with the eclipse symbol we have seen great price rejection around the 7210-7125 area. We are now getting nearer to short positions on the day and will re long nearer this area as price falls lower. Our directional arrows show us the movement of price. Uby WillSebastianUpdated 3
UK 100 Short on the dayFor more expert analysis of multiple assets, make sure you click the follow button! Here we have our 4H FTSE 100 chart. Today we are looking short on the previous rally. We are now meeting our MA's again and looking further down for our target (noted with arrow).Shortby WillSebastian221
UK100 `` FTSE100Price is at horizontal support, and at lower edge of ascending channel , displaying its bottoms. However, I don't see strong demand here, price seem to throttling on ?air- not what I expect to see really I'm herein for long, and should fill in appropriate positions when I see the pressure, also I'm very ready to cut this off- no pressure.Uby Smilq0
Elliott Wave View: Rally in FTSE Expected to FailShort-term Elliott wave view in FTSE suggests cycle from September 20, 2021 low has ended with wave (1) at 7403.36. The Index is currently correcting that cycle within wave (2). Internal subdivision of wave (2) is unfolding as a zigzag Elliott Wave structure. Down from wave (1), wave ((i)) ended at 7342.61 and rally in wave ((ii)) ended at 7370.01. Index resumes lower in wave ((iii)) towards 7241.99 and bounce in wave ((iv)) ended at 7289.51. Final leg lower wave ((v)) ended at 7198.76 and this completed wave A. Rally in wave B is in progress to correct cycle from November 12, 2021 high. Internal subdivision of the rally is unfolding as another zigzag in lesser degree. Up from wave A, wave ((a)) ended at 7307.89 and pullback in wave ((b)) ended at 7245.98. Near term, expect the Index to extend higher in wave ((c)) towards 100%-123.6% extension area at 7355.55 – 7381.47 . This should complete wave B in higher degree before the Index turns lower. As far as pivot at 7403.36 high remains intact, expect the rally to fail in 3, 7, or 11 swing for further downside in wave C.by Elliottwave-Forecast2
UK100 BUY NOW....... 💹UK100 ⏬BUY @ 7289.5 ✅TP # 7344.0 ⛔️SL 7240.0 N.B- If have small balance to trade. Plz avoid SILVER trade now. Because market highly volatile. 📊 Trade Accuracy 80% 📊 📊 Risk Ratio 1:1 📊 📊 Follow Proper M.M & Use S.L 📊 AronnoFX will not accept any liability for loss or damage as a result of reliance on the information contained within this channel including data, quotes, charts and buy/sell signals If you like this idea, do not forget to support with a like and follow. Traders, if you like this idea or have your own opinion about it, write in the comments. I will be glad. ULongby AronnoFx1
UK100GBPlooking to continue the bearish price action. I set my entry and 1% stop lossShortby madka1211
UKX Hourly - Bear flag loading After a false break higher out of the upward channel (bearish), the sell off has been relatively quick. Currently a bear flag building. First target is 7185 with lateral support coming in around 7140Shortby gillyblore2
Retest of the S+D zone underwayAs I anticipated we are seeing a retest underway of the S+D zone precipitated by fears associated with COVID. We are currently seeing consolidation along the Daily 50 moving average at present which I admit is often a contentious level of dynamic resistance for the FTSE later. However we are beginning to see lower volume in the selling waves on the lower time frames with the 4 hour wave currently underway. Fundamentally our officials have attempted to distance the UK from the possibility from further lockdown and my day job would suggest that we are not near the point of saturating our healthcare resources at present (I monitor this very closely.) Thus my bias is back up. I will be watching closely for signs of reversal on 15m timeframe. I have popped a small position on the level of the daily 50 and my likely criteria for entry for me will be a break and close above the 15min 21 ema and then wait for the retest of the 8 ema. I will then be looking for price acceptance back above 7240 (4 hour 200 ema) when I will increase my position further. A Close on the 1 hour or 4 hour time frame below 7190 would invalidate this idea for me and I suspect we could see as low as 7000 again. Keep an eye on the news and trade safe. Longby justinp19890
Tuesday Pre London / NY session Trade Idea - Update 2Lesson : look left to get right directional bias is correct focus on prior price action that is more significant for entry level. Watch for liquidity pools and institutional candlesby BusinesswithernieUpdated 0
FTSE100 Top Of Structure, Get Ready for Sell opportunities Hello everyone: Also looking at FTSE100 for the bearish reversal from the top. We can see similar higher time frame structure here like other indices market. Price has correct within and have few swing highs and lows. Latest development shows a lower time frame double tops, smaller ascending structure at the top of the HTF structure, good signs of possible reversals. Watch for a completion of the ascending structure, and look for bearish reversal on the lower time frame for sell entries down to previous lows. Thank you Shortby jojofang0901Updated 9939
the geometrical drawings say 12653.7 is the maxthe geometrical drawings say 12653.7 is the max and year 2022 by July is the down side this is not a prediction of the future only God Knows the future but conclusions based on geometrical drawings Longby zrrsys0
Tuesday Pre London / NY session Trade Idea - Update Price playing out accordingly, buy trade activated - waiting for candle stick confirmation on the close of the 4h , 1h , 15min would like to see an institutional candle.by Businesswithernie1
Retest forming on the FTSEIt would appear that a retest of the S+D zone appears to be forming on the FTSE. I am currently maintaining positions @ 7300 as it is possible this may continue along the this short term ascending channel. If there is a break of this channel I expect to see a retest of the S+D zone below @ 7210 - 7260. This all seems to coincide with the latest COVID fears across Europe and the possibility of restrictions. The FTSE is still significantly undervalued and I feel this is a significantly good entry point to continue back to break the recent high of 7400. Trade Safe!Longby justinp19890
UK FTSE 100 Looks BullishOn a downmove since the past few sessions the blue trend lines on the chart shows decreasing prices. Interestingly the volume in correlation to the price again shown by blue trend line shows a decreasing volume. When prices fall on decreasing volume it shows weakness in the trend. We also see a sudden increase in volume on some recent buying candles showing strength. Expect prices to reach 7360 levels in the coming days. ULongby tziontraders110