The FTSE 100 is shaping up nicely on the 4h chart, I'm expecting this bullish 5-0 formation to complete within the next few weeks at the 50% retracement level.
The measurements for a valid 5-0 pattern are detailed below.
B: 1.13 - 1.618
C: 1.618 - 2.24
D: 0.50
We will be trading with a stop loss below the 0.618 retracement level at 7240. If we execute the ...
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MACD is already making an interesting move suggesting a reversal, but it looks like we're going down a bit more until the RSI indicates a safer margin to jump in.
Trade Alert
Certainly, overall, the equity market is not the place, where your money are very safe right now. This idea could be good for a trader, who is willing to catch a short-term trade.
We have mixed suggestions on our oscillators, so we will ignore those for now. We will monitor the potential brake out areas, which are the closest support and resistance ...
Firstly Happy New Year to all my followers.
FTSE continues to oscillate which is typical of an ending diagonal wave.
If correct my EW count has FTSE in wave 4 blue of an ending diagonal which
may complete at the bold RED line and the end of Intermediate wave (1)
Good Luck.
Well, FTSE reached my predicted target last week in the highlighted green zone and
has now reached an area of significant resistance on its way down.
Looking at RSI & Momentum one can see clear divergence and I have marked the
current low as intermediate wave (1) black.
I expect a small bounce in wave wave (2) which may start very soon given end
of 2018 is ...
Update from my chart last weekend.
FTSE looks to have completed minor wave 4 blue and started its decent to complete minor
wave 5. Given that xmas is upon us and there is a lot of financial news next week I think
that wave 5 will be slow and yo-yo like, perhaps taking the form of an ending diagonal.
My target for wave 5 is somewhere in the highlighted green ...
Trade Alert
FTSE 100 testing the short-term tentative upside support line, taken from the low of the 6th of December.
If the break eventually happens, this might open the door towards the 6720 obstacle, or even all the way back down to the current December low near the 6675 level.
Alternatively, if the upside line holds and the price bounces back above the ...
European stock markets struggle ahead of ECB decision.
The stock rally in Asia that was underpinned by improved confidence on U.S.-Sino trade talks failed to give a lasting lift to European markets, with GER30 and UK100 unchanged from yesterday’s close. Investors remain cautious ahead of the ECB decision and the EU summit, where UK PM May will be trying to get ...
This weeks recovery rally is spluttering, and sentiment remains bearish, FTSE 100 is being held down by the downtrend line and Bulls are getting tired, next buy level is 2775, watch and wait, I would guess that we will hit this level by the end of the week or Monday, I think this will be the low and we will see stocks pick up over the next few months in line with ...
The FTSE100 index is approaching a critical 2.6 retracement level of the previous uptrend, and it could be good time to buy. However, with the Brexit news and Theresa May woes, just hold your horses for a bit. The index is still largely in a sell-off fueled by the lack of confidence surrounding the Brexit deal and seemingly the vote to be held tomorrow. The ...
FTSE M hitting support and oversold. Ready for a bounce
Signal RSI hitting extreme level and price just support range. ready to bounce to resistance level around fib .5-.6.
The UK Financial Times Stock Exchange 100, more commonly known as the FTSE 100 or 'Footsie', is an index of share prices of the largest 100 companies listed on the London Stock Exchange (LSE) by market capitalization. The index was launched on January 3, 1984 at a base value of 1000, and the index level is calculated in real-time. The FTSE 100 represents approximately 81% of the entire market capitalization of the LSE, and even though it doesn't encompass the whole market, it is widely viewed as the best indicator of the heath of UK stocks. In recent years, however, given the uptick in international companies counted in the FTSE 100, this particular market index is no longer viewed as the best health indicator of the UK economy - that goes to the FTSE 250, which has a smaller proportion of multinationals among its constituents.
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TVC:UKX
