TVC:UKX
On my chart, you can see that a falling star candle has formed, which indicates a coming downtrend. In addition, we have formed oversold on the indicator Stoch RSI. A setup has formed on my own indicator, which also signals a trend change, in this case, we will start a downward movement.
We wish you good luck, do not forget about the stop order!
Last post: December 6th 2018. See chart.
Review: Price was looking bearish after breaking through the strong support level.
Update: The bias is now bullish as price is currently trading back above the daily 200 simple moving average.
Conclusion: As long as the bullish momentum continues, the UK stock market is likely to form a lot of bullish trends which we...
Looking for a potential short on the FTSE 4 hourly chart. We need to see a break and close below the ascending trend line. We have MACD Divergence so just need to see a set up and trigger candle.
Looking for the first 4 hours of trading Monday to review.
Inverted cup and a handle for UKX. Also touched support
Deadline is so close for leaving EU.
Like GBP brought EUR up, no EUR bring GPB down.
Like no surprise for global slow down.
And final. Good risk reward 1:3
Vedo 2 possibili entrate long:
1) se viene rotta la neckline il prezzo potrebbe arrivare
fino alla linea blu (struttura già sentita in passato) e si potrebbe quindi
pensare a un entrata intorno a 6950
2) se la neckline regge è meglio entrare solo dopo una candela verde
che in modo deciso chiude sopra i 7250 (ovvero oltre la testa)
Updating my last FTSE chart which suggested a leading diagonal was taking shape.
This idea looks correct and the resulting minor wave correction to 2 blue was deep
at 76.8%.
Today FTSE has broken the upwards channel downwards and minor wave 3 blue is
in development. This wave will probably aim for the lower red channel at least.
Good Luck
FTSE 100 approached our first resistance at 7233 (horizontal pullback resistance, 50% Fibonacci retracement , 61.8% & 100% Fibonacci extension ) where a strong drop might occur below this level pushing price down to our major support at 6961(38.2% Fibonacci retracement , Horizontal pullback support, 100% Fibonacci extension )
Stochastic (55,5,3) is also...
UKX FTSE Chart using Blue Sky Plus Indicator. Message or Comment to get a free trial of the indicator.https://www.tradingview.com/script/lqS4a5pU-Blue-Sky-Plus-Day-Positional-No-Repaint-with-Alerts/
Following on from my last FTSE update it looks like the A,B,C correction is complete within a good set of trendlines.
The first wave of wave (3) black looks very much like a leading diagonal with wave 5 circle now in progress.
Once complete this diagonal will correct upwards before starting a much larger fall, probably early next week.
Good Luck
Trade Alert
After some sideways action throughout this week, FTSE 100 ended up yesterday near its key support area, at around 7150. In order to look into the scenario shown on the chart, we would like to see a break below the 7150 level first. This way we may continue aiming slightly lower, where the next potential hold up could occur is around the 7065 zone,...
FTSE 100 approached our first resistance at 7233 (horizontal pullback resistance, 50% Fibonacci retracement , 61.8% & 100% Fibonacci extension ) where a strong drop might occur below this level pushing price down to our major support at 6961(38.2% Fibonacci retracement , Horizontal pullback support, 100% Fibonacci extension )
Stochastic (55,5,3) is also...
The GBP/USD symmetrical triangle (ST) on the hourly chats is due a breakout, one way or the other. On a continuation of the upside in cable - (trade war talk optimism that is denting the greenback and giving life to risk on FX is likely here to stay this week (with a probable extension to the deadline being agreed)) - the FTSE would likely suffer another blow in...
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
