FTSE 100 Index TVC:​UKX

It has not been easy to figure out the FTSE EW pattern since the top and I have suggested in previous charts that FTSE may be creating a leading diagonal. The pattern has become a bit clearer recently and my prediction of an impulse wave down since the top has NOT changed although I have modified the EW labelling as shown on the new chart. At present FTSE looks ...

Taking in account the latest positive developments around Brexit talks and the return of the global risk-on scenario (US elections, US-China trade war), the FTSE 100 index has a positive fundamental outlook for the upcoming weeks. From the technical perspective, it can be seen that an inverse head and shoulders pattern is being formed, which indicates a downtrend ...

What do I see from the charts.. The FTSE 100 is the highest its been ever. Mainly due to the fact a weaker pound has improved the price competitiveness of our exports which has pushed the ftse over the last two years. Of course, the main factor of this chart is going to be news on brexit, so concentration on brexit news will be important. The relationship ...

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The English stock market is tracing out a Super Cycle Strong B Wave IV flat since the top in 2000. Notice the length of the correction is greater than for other countries that have been in existence for a shorter period of time. Looks like the upwards correction has run out of waves and the final C Wave down has started.

My idea for the FTSE 100 Bullish View

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 ...

Short now, with stop loss protection.

FIRST DRAW I DONT KNOW HOW TO SAVE SO I PUBLISH THIS, ITS SAVE AHAH

TVC:UKX

I think that the first wave down from the top is almost complete as an expanding leading diagonal, albeit the shape is not exactly textbook! However there is now marked divergence on the 4hr chart and what looks like an ending diagonal to complete the c wave of the 5th wave. If correct next week may see a further small fall to complete the pattern followed by a ...

Does it mean we could see EUR rising with GBP falling? Who knows...

Looks like trend has just changed.

Look at how regulated markets that only operate for 6.5 hours a day are destroying wealth. Bitcoin is steady as a rock. There will soon be a flippening where money from global stock markets enter bitcoin.

FTSE reached my first target T1 of 6969 and has since rallied BUT the rally has hit resistance several times at the lower red channel trendline. Indicators are not showing oversold divergence which opens up the possibility that a further downleg is possible to at least T2 or lower. The EW structure is NOT clear at present and once I have more confidence in the ...

My post of 30th Sept suggested FTSE was taking the form of a leading diagonal. The chart pattern since then adds more weight to this idea BUT the shape of the diagonal leaves open the possibility of a more complex pattern developing. Either way I expect that an initial low is close and possible targets for this are shown on the chart. At 6881 wave C of the 5th ...

UKX UPTREND BROKEN

The Ichimoku Strategy is a based off the Japanese technical indicator developed by a Journalist in the late 1930s. Ichimoku is a moving average-based trend identification system and because it contains more data points than standard candlestick charts, it provides a clearer picture of potential price action. The main difference between how moving averages are ...