VUKE Daily - Lightening position here Taking some profits here as we hit resistance. Will looking to start accumulating again if/when we re-test 31. I was overweight the ETF ahead of the divi so happy to go slightly underweight here
FTSE
UKX Hourly - Time for a cool off Massive push higher this week on FTSE and RSI looking very overstretched on shorter time framed charts. Good place to take profit on long positions or alternative a small short position with a tight stop. Would like to see the 7060 area re-tested
UK100 - Possible re-test of the channel before break.Hello everyone,
I hope you are all doing amazing!
We are currently sitting at the resistance of the channel we have formed on the Daily.
There are 2 support levels to look for on the chart, where if Short position is taken, may be used for TP.
Wish you all good luck!
Denial of Contagion is futile.The China market is very dependent on several industries: Technology, Real Estate, Manufacturing.
Chip Shortage, Evergrande defaults and Power Outages directly opposes the rise in these industries. Triple Whammy.
BUY AGROBuy area at 2480-2460
Stop lose if break 2300
TP at 2850 for 1 week (swing trade)
On 28 September 2021 at 14.00 WIB, Bank Agro will hold a meeting with shareholders (RUPS).
with agenda, discussion
1. company name change
2. Super apps launch
With this good catalyst, we can assume that market players will increase AGRO's stock price. IDX:AGRO
UK100 - Survived the first testThe rally in UK stock markets has looked vulnerable for some time and with investors seemingly getting nervous in recent weeks, leading to some interesting pullbacks, a larger correction could lie ahead.
A break below 7,000 a couple of weeks ago could have triggered a much steeper decline but the index ran into strong support around 6,800 where the 200/233-day SMA band cushioned the sell-off.
While it has since broken back above that key moving average band, it has failed to reach the last peak and the few times it has tried, it has been firmly pushed back.
While 7,000 has offered some support over the last week, the level still looks vulnerable and a move below could quickly see the 200/233 SMA band come under pressure once more. A break of this and things start to look far more bearish.
UK100 long is valid Trade details for current trade are shown on the chart.
We are working the 15M time frame on this strategy.
We're looking for the green line which is take profit target.
Little blue long arrow is entry point and purple line is stop loss.
Trade history can be seen at the foot of this trade idea too for full transparency.
Previous two trades can also be seen on chart.
------------------------------------------
I try and share as many ideas as I can as and when I have time. My trades are automated so I am not sat in front of a screen daily.
Jumping on random trade ideas 'willy-nilly' on Trading View trying to find that one trade that you can retire from is not a sustainable way to trade. You might get lucky, but it will always end one way.
------------------------------------------
Please hit the 👍 LIKE button if you like my ideas🙏
Also follow my profile, then you will receive a notification whenever I post a trading idea - so you don't miss them. 🙌
No one likes missing out, do they?
Also, see my 'related ideas' below to see more just like this.
The stats for this pair are shown below too.
Thank you.
Darren
UK100 - Bearish Case Building?The UK 100 has struggled to push on over the last month, with nerves in the markets seemingly taking their toll on the rally.
We've seen a couple of pullbacks that appeared to indicate the index was vulnerable to a larger correction but each time it showed strong resilience and headed back towards the highs.
Recently though, the bearish case has been building. The index has broken below the 55/89-day SMA (again) and stayed there for several days. What's more, it's become an interesting area of resistance since the breakout.
Since then it has consolidated around this level rather than reversing quickly higher as it has previously. The consolidation alone is hardly an encouraging sign, rather a continuation signal that suggests further moves lower could be on the cards.
To back this up further, the index has found strong support around 7,000, a major psychological barrier but a recent rally off this made a lower high which could be an early sign of a descending triangle forming, a bearish pattern.
From a fundamental perspective, there's plenty of downside risks appearing that appears to be driving the shift in sentiment. Higher inflation, slower growth, rising Covid cases and tighter monetary policy to name some. But there's plenty more.
Perhaps we'll soon forget about some of these and the fortunes of others will change but right now, a case not to be bullish is certainly building.
Which begs the question, how will we know if the markets have turned more bearish and how far will they fall. Both are difficult to answer but a break of 7,000 would certainly be one signal. A break of the 200/233-day SMA band around 6,800 another.
There is plenty that can happen that can improve the fortunes of stock markets. Central banks are the obvious one, a powerful one at that which for so long has kept investors buying the dips when the fundamentals don't necessarily warrant it.
A delay on tapering beyond the end of the year and investors may be back on board. But the coming months will certainly be an interesting test and there may be a few twists and turns along the way.
FTSE 100 1-day classic patternsWhat has the highest probability of occurring?
Since early May 2021 price has rotated from 7200 resistance to 6800 support and back again on 2 occasions.
There are two classic patterns forming within these rotations.
The broadening top is currently valid with 3 tests of the upper trendline. The recent rejection at 7200 appears to be what Bulkowski describes as a partial decline having tested the 50% fib retracement.
This projects a target of 7700.
There is also a triple top that would need to test 6800 support again to become valid.
Further a breakout from the triple top projects a target of 6350, the low of the year. This would fulfil the tape chatter of "a healthy 10% correction".
N.B. these patterns are forming over a 4-month period. It is probable that the eventual outcome will be a powerful move.
Objectively the triple top is not confirmed until a test of 6800 has occurred. So the bias is long in the framework of the broadening top. Given the partial decline it is probable that market participants are already getting long. The long trade is invalidated once price touches the lower trend, validating the triple top. Using 6800 as a stop loss from current levels yields 2R to 7700. If this is too large a stop classic patterns on a lower timeframe should be employed to fine tune stop placement.
FTSE 100 ExpirationQ: What has the highest probability of occurring?
There is a lot of volume being traded but the market is moving sideways. The expiration date on the 3rd Friday of the 3rd quarter is approaching. Traders are rolling forward their contracts from September to December.
It makes for quite difficult trading of classic patterns. A rise in false breakouts.
Consider where the future price is relative to the spot price of the instrument being traded.
Is it higher or lower? Since futures contracts expire at the spot price that mean the futures price is more likely to move down or up to the spot price.
Since algo's trade the arbitrage here there is not a great spread between the two prices although it would make sense to trade in the direction of the spot price.
As expiration nears the distribution in the spread is more likely to be normal. This suggests the market is more inclined to mean revert. Think Bollinger Bands and rotations between the standard deviations.
Its not clear cut, there are losers and winners B for Buy and S for Sell. Higher timeframe Bollinger Bands also play a role in where price stops.
The logic behind this is that traders need prices to stabilise so they can execute like for like between the expiring contract and future contract.
VUKE Daily - Tomorrow LDT for juicy 46p diviTomorrow is the LDT for a 46p divi = 1.46% simple divi yield off current price. Also appears as though the ETF has formed a triple top - but as the saying goes "no such thing as a triple top". I am hoping we power through to resistance around 33. I had been averaging into my ISAs and SIPPs the for past few days in anticipation of the dividend and next leg higher.
Safe trend indicator - By MutebHi
my name is Mutab.
42 years old.
Interested in following the stock market.
Innovative of ( safe trend indicator ).
a great indicator for a long-term investment. Keeping up with the rising waves and avoiding the descending waves, to achieve amazing long-term investment goals.
-------------------------------------------------------------------
What distinguishes the safe trend indicator?
It is one of the safest indicators in dealing with the financial markets.
* Direct indicator, no need to wait for the candle to close to confirm the decision.
* It keeps up with the ascending waves and avoids the descending waves.
* Very effective in investing in the long term.
* Amazing long-term results.
* High stability while reading the candle, as it does not give an opposite reading except in rare cases.
* Few errors compared to successes, which means that the ratio of losses to profits is very small, which enables the investor to achieve high profits in long-term investment.
-------------------------------------------------------------------
I am using it now in my trading in the Saudi stock market and it is yielding amazing results in my long term investment (quarterly and half yearly).
It gives me great pleasure to share with you my success story, as I publish a weekly report and I record and display the week's trades to prove the feasibility and credibility of the indicator.
I wish you success.
UKX Hourly - Testing resistance watching closely for a potential break higher. Currently testing downward sloping resistance. A break and hold above 7185 targets 7235
FTSE for next week 06 September to 10 SeptemberThe rising of the ftse has ended this weekend, therefore next week may enter into Retracement period. It may take one week or with two week to complete the retracement, then might rise again.
The reason of the prediction is because if we look into week trend, the new higher point is just about to start. This give us credible basis to believe that the trend will rise further in the future.
If next week break through 1557, the trend may drop further but small probability . If rebounce, may look forward to 1642 as the new high point for next two week.
Therefore the suggestion is, observe the trend until it reach 1557, then wait for the rebouce or break through. But, there is more chance to rise in the future if you refer to the week trend of FTSE.
All the prediction above just assumption, and it is not an advise to purchase or sell the share, please be responsible to your own trade behaviour.
Hope all of you may earn more money and be a rich man/woman.
Idea of the FTSE trend for 30/08 - 03/09We have a nice week at 23/08 to 27/08, however we have to prepare for the retracement in future. It might be a big retracement day before National Day, after that might start to drop. Simple analysis as my main analysis is Hang Seng Index, but the whole week may be a bearish trend
UKX Hourly - Push higher likely to stallI would be surprised if this bounce continues much higher before a pullback/some consolidation. We are hitting double resistance - Lateral and downward sloping. There is also some hidden bearish RSI divergence. Ideally would like to see 7070 tested and then will re-assess
UKX Hourly - Remains bearish below 7190We've had a bounce off oversold levels this morning but my bearish thesis remains whilst we are below 7190. Next downside target is 7060.
FTSE 2017 fractal points to a 7500 topThis is a fractal analysis on FTSE from 2017. Not much description is needed here, the chart is quite straightforward. The 2020-2021 (Fractal B) price action so far is similar to the 2016-2017 (Fractal A) sequence. They both started after the market bottomed out on a 1W Death Cross and have been rising with only medium-term pull-backs when the price hit a Higher Highs (dashed) trend-line. In 2017 the index made the next Higher High within the 1.618 - 1.786 Fibonacci extension and topped on the 2.0 Fib mark. If the pattern continues to repeat itself, then FTSE may make a Higher High within 7330-7430, pullback and go for a market top at 7550.
Do you find this comparison reliable?
Most recent FTSE idea:
** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. **
--------------------------------------------------------------------------------------------------------
!! Donations via TradingView coins also help me a great deal at posting more free trading content and signals here !!
🎉 👍 Shout-out to TradingShot's 💰 top TradingView Coin donor 💰 this week ==> nevada999
--------------------------------------------------------------------------------------------------------
UKX Hourly - Bearish engulfing The Hourly bearish engulfing candle confirms my short thesis as well as puts a line in the sand as a stop loss (7225). It has been a frustrating ride so far so hoping we can pick up some momentum to the downside
Elliott Wave View: FTSE Nesting Higher As ImpulseShort-term Elliott wave view in FTSE suggests that the pullback to 19 July 2021 low (6812.84) ended wave (4). Up from there, the index is nesting higher as an impulse sequence within wave (5) favoring more upside extension to take place. While the initial bounce to 6929.89 high ended wave ((i)), wave ((ii)) pullback ended at 6827.26 low, wave ((iii)) completed in lesser degree 5 waves at 7018.95 high. Wave ((iv)) ended at 6956.24 low, wave ((v)) ended at 7033.27 high thus completed wave 1.
Down from there, the index made a pullback in wave 2 to correct the cycle from 7/19/2021 low. The internals of that pullback unfolded as Elliott wave flat structure where wave ((a)) ended at 6980.67 low. Wave ((b)) ended at 7038.65 high and wave ((c)) ended at 6929.64 low. Above from there, the index started the next leg higher in wave 3 and ended lesser degree wave ((i)) at 7093.93 high. Then wave ((ii)) pullback ended at 6996.93 low and resume the rally higher again.
Whereas lesser degree wave (i) ended at 7142.54 low, wave (ii) ended at 7089.74 low. Near-term, as far as dips remain above 7089.74 low and more importantly above 6812.84 low then FTSE is expected to extend higher in lesser degree wave (iii) towards 7236.10- 7326.35 area higher before entering into a wave (iv) pullback. We don’t recommend selling and expect dips to find support in 3, 7, or 11 swings for further upside.
UKX Hourly - Approaching double resistance FTSE has a habit of issuing a signal then giving one last final squeeze - is the same happening again post the break down of the rising wedge? I'm still holding onto my prior shorts and using this opportunity to add. Currently at double resistance at 7190. RSI also showing divergence as well as being overbought. Good RR here I reckon for a short.
UK100 - A major breakout imminent?The UK100 is closing in on 7,200 and approaching levels not seen since the start of the pandemic.
This isn't the first time the index has eyed up this level in recent months but in the past it has failed to break through in any significant way - it briefly touched 7,217 a couple of months ago before reversing course - and each time a corrective move has followed.
This has left the FTSE trading between 6,800 and 7,200 since April but that could all be about to change.
While we may see some profit taking on approach, the MACD and stochastic suggest there's plenty of momentum still in the rally that could carry it to levels not seen in 18 months.
If we do see some profit taking, the rising trend line below could be interesting support if the rally is going to continue. A move below this would suggest a larger correction may be on the cards.
