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Here we have our FTSE or UK 100 chart.
On the current positive news sentiment around the omicron variant, we have seen a huge rally.
We are looking short at we approach recent highs.
Short TGT noted by the directional arrow.
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Here we have our UK 100 chart.
On the current rise, we are now looking to short back down to some key support and MA's, with our target identified with the directional arrow.
Short-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...
I'm shorting UKX
This is the action-reaction technique aka market Geometry
We have a geometric target around 6800
Some bearish divergence is building on the weekly
POST FOR INFORMATION ONLY
No advice give
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.
According to the previous waves, this wave that we counted is wave b and wave b is formed in a zigzag pattern.
And we assume that this zigzag is over and wave c waves are formed.
We are inside wave 1 of...
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Here we have our frequently traded FTSE 100 chart.
We are up on the day from current UK market sentiment attacking some key resistance.
We are looking for an intraday short this morning back down.
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Here we have our UK 100 chart.
After our targets were hit yesterday we are now looking short for intraday gains.
We are already seeing some price rejection at recent 1H highs and looking for this to continue.
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Along with other important markets, the FTSE is seeing some sideways movement over current market indecision.
Often at these times, price will move either way eventually.
Price direction is noted by the arrow.
Bounced nicely as expected but has run a little too hard out the gates for my liking. Up against lateral resistance and hidden bearish RSI divergence confirms. Would like to see 7090 area re-tested
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Here we have our UK 100 (FTSE) chart.
This is an asset I trade daily.
With the current news sentiment we have seen a fast and sharp move down followed by a swift rebound. we are at Key MA's and some good support.
We are looking to get long again. TGT area is noted by the Blue arrow on the chart.
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Here we have our FTSE or UK 100 chart,
Today we had a huge drop down. We are now RE buying on this fall at these great buy zones.
You can see the FTSE starting to pull away from this area. Price rejection is always a good sign that an area is great...
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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).
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 7140
Short Term Elliott Wave view on FTSE suggests the rally from September 20, 2021 low is unfolding as a 5 waves impulse. Up from September 20 low, wave 1 ended at 7159.61 and dips in wave 2 ended at 6945.50. The Index then rallies higher in wave 3 towards 7281.176, and pullback in wave 4 ended at 7192.05. Internal subdivision of wave 4 unfolded as a zigzag structure...
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.
TVC
