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FTSE

JD Sports Up 24 PointsLast post: June 8th. See chart . Review: Price had broken a resistance level but was still below the all-time high. Update: Price has gained strength since the last post and is making its way to the next resistance level. Conclusion: We need a break of the all-time high to confirm a continuation of the bull trend then we can look for long opportunities. Any comments or questions, do not hesitate to leave them below. Give us the thumbs up if you share our sentiments! Sublime Trading
LSE:JD.Long
by Sublime_Trading
FTSE Elliott Wave View: Calling For Another Leg LowerHello Traders, FTSE short-term Elliott Wave view suggests that the bounce to 7904.97 high on 5/22/18 peak ended in black wave ((1)). Below from there, the index is doing a double correction lower in blue (W)-(X) to correct cycle from 3/23/18 low. Down from 7904.97 high, the decline to 7610.66 low ended the first leg of the pullback in blue wave (W) at 05/29/18 low (7609.7). The internals of blue wave (W) unfolded as an Elliott Wave Zigzag structure where red wave A ended at 7703.26, red wave B ended at 7738.46, and red wave C of (W) ended at 7609.7 low. Up from there, the bounce to 7793.45 high ended the correction against 5/22/2018 cycle in blue wave (X). The internals of blue wave (X) unfolded as double three structure where red wave W ended at 7772.12, red wave X ended at 7637.52 and red wave Y of the blue wave (X) ended at 7793.38. Then down from there, the index has made a new low below blue wave (W) at 7610.66 low confirming that the next extension lower within blue wave ( Y ) of ((2)) has started. While FTSE100 stays below 7793.38 high, any pullbacks higher is expected to fail in 3, 7 or 11 swings for another leg lower towards the areas of 7496.62 – 7426.56, which is equal legs - 1.236 extension area of blue ( W ) - ( X ) to complete black wave ((2)) correction. Once the equal legs - 1.236 extension area of blue ( W ) - ( X ) reached, the index is expected to find buyers either for a new high or for 3 wave bounce at least. We don’t like selling it in the proposed pullback as the right side remains to the upside in the sequences of 3-7-11 swings
TVC:UKX
by Elliottwave-Forecast
Berkeley Group Pulls BackThis stock is featuring for the first time on our TradingView blogs. Current setup: Price is currently performing a pullback. Conclusion: We should wait for price to find support and head back to the upside. Long trades can be considered after a break of the resistance level. Stay patient and let price dictate the next move. Any comments or questions, do not hesitate to leave them below. Give us the thumbs up if you share our sentiments! Sublime Trading
LSE:BKGLong
by Sublime_Trading
1
FTSE100 4 Hour Elliott Wave AnalysisHello Traders, In this analysis, we will have a look at the FTSE -0.03% Index in the 4-hour chart. FTSE -0.03% cycle from 2/11/16 low ended at the peak of 01/12/18 (7792.56) in red wave a, and red wave b pullback is proposed to be completed at 03/26/18 low (6869.79). Up from there, black wave ((1)) ended at 7904.55 peak. The rally from 03/26/18 low can be sub-divided in 5 waves with an extended wave 3. Where blue wave (1) ended at 03/27/18 peak (7046.9). Below from there, it ended blue wave (2) correction at 03/28/18 low (6923.9). Up from that low, it ended blue wave (3) at the peak of 05/15 peak (7752.9) and blue wave (4) pullback at 05/17 low (7714.6). Up from there, it ended the cycle from 03/26/18 low in black wave ((1)) at the peak of 05/22 (7907.9). Short-term it has ended the cycle from 05/22/18 peak (7904.55) at 05/29/18 low (7609.8) in blue wave (W) and ended the correction to that cycle in blue wave (X) at 06/14/18 peak (7792.9). While pullbacks stay below blue wave (X) peak, it is expected to see more downside to the equal legs - 1.236 extension area of blue ( W ) - ( X ) which should offer us a good buying opportunity as long as the pivot at 6869.79 in our distribution system stays intact.
TVC:UKXLong
by Elliottwave-Forecast
Kaz Minerals Falls To SupportLast post: May 31st. See chart . Review: Price had bounced off a support area and was above the £10.00 round number. Update: Price has dropped lower but is finding support at another support level. The 200 simple moving average below may also provide support if price moves lower. Conclusion: We will have to see if the support area can hold. It would be best to wait for price to break the 7th June high before considering long trades. Any comments or questions, do not hesitate to leave them below. Give us the thumbs up if you share our sentiments! Sublime Trading
K
by Sublime_Trading
Hargreaves Lansdown Is Pulling BackLast post: June 14th. See chart . Review: Price was making new highs after breaking through resistance. Update: Price has started to pull back and is heading towards the support area. Conclusion: We will have to see how price reacts to the support level and wait for a breakout of the previous high before taking long trades. Any comments or questions, do not hesitate to leave them below. Give us the thumbs up if you share our sentiments! Sublime Trading
LSE:HL.Long
by Sublime_Trading
Burford Capital In ConsolidationLast post: June 6th. See chart . Review: Price was testing the support level. Update: Price has since come down to test the support level which includes the 50 simple moving average, and is consolidating between the support and resistance level. Conclusion: Applying patience and waiting for price to break through resistance before considering long trades again. Any comments or questions, do not hesitate to leave them below. Give us the thumbs up if you share our sentiments! Sublime Trading
LSE:BURLong
by Sublime_Trading
FTSE Elliott Wave View: Buying Opportunity SoonHello Traders, In this short-term analysis, we will have a look at the FTSE100. FTSE cycle from 3/28 low is proposed to be completed at 7904 high in black wave ((1)), below from there the index is correcting that cycle & expected to find buyers in 7-11 swings provided the pivot at 6867 low in our proprietary distribution system stays intact. Short-term it has ended the cycle from 05/22/18 peak (7904.55) at 05/29/18 low (7609.8) in blue wave (W) and ended the correction to that cycle in blue wave (X) at 06/04/18 peak (7774.2). While pullbacks stay below blue wave (X) peak, it is expected to see more downside to the equal legs - 1.236 extension area of blue ( W ) - ( X ). We don’t like selling it and prefer buying the dips at the extreme areas in 7-11 swings as far as pivot at 3/26 low (6865.8) stays intact.
TVC:UKX
by Elliottwave-Forecast