For the past year FTSE 100 price action has been trading inside a bearish rising wedge pattern following the March 2020 sell off. Price action has now completed its journey to resistance (look left) at the same time it has broken out of the wedge. The last time this occurred was in January 2020.
Currently, on the above 10-day chart, price action is meeting with...
FTSE has been quite difficult to plot with multi overlapping waves, however I believe that this chart may be correct in
the idea that a large A,B,C is nearing completion. Wave A was a five down, wave B a trangle and wave C in progress
a five down with wave 4 currently ctreating a triangle. Once complete wave C may complete at 100% wave 1.
Good Luck
Trade Idea: Sell UKXGBP (FTSE100)
Reasoning: Bullish hammer from yesterdays price action has already been engulfed by overnight weakness. Medium term support around 6810 likely to give way as bearish momentum builds.
Entry Level: 6864
Take Profit Level: 6564
Stop Loss: 6964
Risk/Reward: 3:1
Disclaimer – Signal Centre. Please be reminded – you alone are...
Comparision of "FTSE (UKX) in USD dollars" to "SPX".
I am publishing the same for all (please see my other analysis): Germany, UK, Japan.
I ignore all the fundamentals and only make technical analysis. Fall of EUR&GBP&JPY and their stock market's negative divergence compared to USA (SPX) is about to end, I believe.
Important: This doesn't mean that the...
LONG CASE
FTSE has found its footing from the lows of yesterday and has started to build a 30min higher low structure, with the most recent higher low coming very quickly after the recent swing higher. Would need to see a clear break of the 7080 level and a backtest of support with a bullish close before taking a position.
SHORT CASE
Price action has been...
Trade Idea: Buying FTSE
Reasoning: Holding major support on the daily timeframe, RSI oversold too. On hourly chart, RSI divergence and market opening strong today. Looking for a corrective move higher.
Entry Level: 7060
Take Profit Level: 7185
Stop Loss: 7011
Risk/Reward: 2.55:1
Disclaimer – Signal Centre. Please be reminded – you alone are...
using Fib and Fib Ext to locate entry and TP, then using top/down analysis, market structure and measurement tool to determine SL with either a 2:1 or 3:1 risk to reward ratio
UKX 1W on free but good Cosmic Flow has tested "Basis Line" multiple times (🧐). Is it going to break below this line or reverse? Whichever way it goes watch for the "S1" and "R1" levels.
Hi traders:update on the position i took yesterday,as you see UK100 moved the direction i expected and we are in the middle of the impulse so see what will happen the next coming hrs.
if you interest my ideas and free backtesting im here for you.
hi traders:here on uk100GBP,as market structure all indices look bearish but the best one and very clear is UK100GBP and i set stop entry ,if you interest my ideas let me now.
hi dear traders:update on the position that i took this week ,only one trade which is UK1OO and now in profit therefor im scalling the second entry which is very clear continuation correction to downside, how do you see my presentage win and what w'd you like to ask me.
