High time frames are in range since mid 2023. It is forming a flag in W and a wedge in D. It has also completed a wedge in 1H and I think it is just about to break it downwards. If it does, waiting for it to break the support as well, then, there would be a good short opportunity with a nice ratio. Just an idea, best of luck
I am expecting a short from uk100 because I'm expecting a 123 touch from the trendline The analysis is self explanatory
A possible short idea on the UK100. If it reaches today's London rejection area, it seems like a sell to me with a 1:3 risk-reward ratio. SL = 30pip TP = 80pip Important: If the order isn't filled by tonight, cancel the position.
Been while since I've traded due to other commitments but logged in today and saw an opportunity. Short at Orange Line with a very tight stop loss. Overall I'm bullish on the FTSE100, so I'd be looking to get out at the lower end channel before entering a long on the bounce.
The UK100 has reached a critical resistance level and is showing signs of being overextended, particularly on the daily time frame. I foresee a potential retracement and am currently seeking a short opportunity against the prevailing trend. For a comprehensive analysis of this setup, please refer to my recent video post.
#UK100 Observations: - Monthly and weekly charts indicate weakening bullish momentum. - Significant resistance encountered at a key level suggests a potential reversal. - 61.8 Fibonacci retracement zone identified as a logical downside target. Trade Idea: - Short position on the #FTSE. - Place stop-loss above recent swing high. - Primary target: Previous swing...
Welcome to my Scalp room. 🔥 is in the Air. 🚀🚀 02/19-02/26 2024 Nr. 004 I SELL UK 100 MARKET Capital.com in Timeframe 15 Min. Make 1-2 Trades The Market structure is lower Make a Trade @ Entry 4h Resistance line Profit 1 @ 4h Support line Profit 2 you can HOLD Position HOLD💎 SL@ Break and close the 4h Support
🔴 Resistance - 7574 🔴 🚀 Target - 7592 - 7627 🚀 🟢 Support - 7565 🟢 🚀 Target - 7543 - 7508 🚀 🔥🔥 Levels Works Best on 5 Minutes Time Frame 🔥🔥 ❤️❤️ MARKET SECRET ❤️❤️👇 1. TRADE WHAT YOU SEE NOT WHAT YOU ASSUME 2. FOLLOW THE TREND BECAUSE TREND IS YOUR ONLY FRIEND 3. CHART IS SUPREME 4. YOUR ASSUMPTION & MOTIONS HAS NO VALUE IN THE MARKET Our motto is to help...
UK100 - Just an idea I'm monitoring to play out with a small trade. Price seems to be respecting this channel on the up trend
My last charts triangle pattern was technically violated. So here's a new one, which lines up perfectly and make that little bit more sense of what is happening. As I see it, as long as we stay above 7200-7400 a pump to 8k is a lot more likely as theirs evidently buyers in the market keeping the FTSE floating, where as a break below will send this south (6700 or lower).
A concentration of lines giving clear patterns for actionable areas of entry on Break/Outs. Expect volatility to continue whilst with the shaded bands forming the 'Coil'. A Breakout could be produce quick profits as the range has be ongoing for a couple of years compressing the energy. The 'Ascending Triangle' (Gold) would be my preferred plot with...
After yesterday's news about turning the FTSE into a higher weighted index similar to the Nasdaq today we have seen a directional upward correction. The truth is that the London index already lived through a dot.com bubble in the 90's, and although this value weighting is currently very diversified with a lot of weighting to defensive companies or productive...
FTSE 100 index falling strongly – Likely to fall to support level 7440.00 FTSE 100 index falling strongly after the price failed to break above the major resistance level 7700.00 (which has been repeatedly reversing the index from June of last year). The resistance level 7700.00 was strengthened by the upper daily Bollinger Band and by the 61.8% Fibonacci...
🔸Hello traders, this is 8hour chart of UK100. Recently trading in well-defined trading range, risk/reward flipped in bears favor after we got rejection near range highs, therefore recommend to focus on sell setups. 🔸Range highs set at 7660, range lows set at 7350, premium prices overhead at 7700 and 7750, below at 7250 and 7300. Trading now near range...
This is a little bit of a bold project if the predictions or projections of simulated scenarios hit their marks, but it will also be a platform for candlestick patterns and formations analysis in an attempt to hunt for potential reversals. Previous such pivot points or reversals have been highlighted in past price action, most of them having in common the...
The UK100 has failed many times to break above the key resistance and we recently saw price break below the structure around the main key level. In addition to the technicals, the macro datas suggest that the index should get weaker within the coming days... I beleive we should see price go as low as 7405 pounds.
FTSE Respects Fib Levels Within Long-Term Range The FTSE 100 has been locked in a well-defined trading range since last summer. The market has failed to break above the resistance zone on multiple occasions and we have also seen several swift bounces from the support zone (see chart below). Within the context of this long-term trading range, we can use key...
It’s been said may times now that the UK equity market is ‘cheap’ – in fact, getting a pound for every time that description is used in a research note may well result in better performance than the market itself has recently been able to achieve. Being ‘cheap’, however, is not reason enough to assume that the London market’s fortunes may soon turnaround, as this...