The UKX, FTSE 100 Index, is also in the red.
This is the main index for the top 100 companies by capitalization in the UK.
We see prices going below EMA50 after a lower high. (Feb. vs Apr.)
Going below EMA50 is always bad news.
Since we have a lower high after the EMA300/100 bounce, this can lead to a lower low.
The next target on this drop should be around...
Short Term Elliott Wave View in FTSE suggests cycle from March 7, 2022 low ended at 7672.16 in wave (1). Internal subdivision of wave (1) unfolded as a 5 waves impulse Elliott Wave structure. Up from March 7 low, wave 1 ended at 7260.40 and pullback in wave 2 ended at 7075.82. Index then extended higher in wave 3 towards 7595.42, and dips in wave 4 ended at...
Testing major resistance.
A price action above 7390 supports a bullish trend direction.
Crossing below this level will negate the bullish bias.
Trend strength indicates a strong trend that is gaining strength.
RSI leaves enough room for further upside price potential.
Remains above its 200-day simple moving average.
Keep your exposure small.
index is going up in a channel to complete target of previous wolfe wave formed earlier ,so we believe that index will go upward toward 8200 and if this happened there would be a chance of completion of a huge wolfe wave on monthly time frame which results in downward move toward 5800
any comments please share
- Tracking to trajectory set 6 months ago.
- UKX hit 7,400 target (spent a few months sitting on this)
- UK market remains in bullish trajectory.
- Expecting market to be drawn down by global conditions to 7,000 mark.
- Possible flash down to 6,500
- Long-term bullish.
Best, Hard Forky
US Equity trajectory
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.
It should be said that this symbol has entered a new phase and this is a descending phase.
But in the definition of the previous trend, three waves are formed in a zigzag pattern, the last wave of which,...
Last week we witnessed a 6.78% decline in the FTSE 100 and just a few hours into
this week, price has already declined 2.81%.
The major support of the daily 200 simple moving average failed to hold price up
last week so we must look at further levels of support.
Since May 2021 a low was formed at 6823 and has held strong ever since. There was
an attempt to break...
- The falling wedge is broken.
- Break below EMA50.
CRITICAL SUPPORT at EMA100/MA200 or 6959-6984.
If this support breaks, the 15% drop mapped on this chart becomes inevitable.
These markets close on weekends which means that this week we will have the worst close in years.
Nothing new here...
It is the same as with the SPX (S&P 500 Index), DJI (Dow Jones...
The UKX ran above Jan 19 2022 highs only to reject, breaking the Feb 4 2022 low, initiating a market structure shift on the daily timeframe. Price continued to decline with Feb 24 being an extreme down day due to the events transpiring in Ukraine. I am looking for a retrace to 7280 -7360 before price continues to the down-side with Target 1 reaching for 7100,...
The UK Financial Times Stock Exchange 100 is an index of share prices of the largest 100 companies listed on the London Stock Exchange (LSE) by market capitalisation. The index was launched on January 3, 1984 at a base value of 1000, and the index level is calculated in real-time.