7450 SupportAm watching the 7450 level for support today. Is this just a pullback in the overall bullish trend or are the bears finally waking up? If 7450 breaks then it may well get a lot more bearish. Consumer spending slowing down, companies making redundancies. Some big companies struggling or going into administration in the UK. US stock markets certainly got ahead of themselves.
FTSE
FTSE: Set For A BIG Fall! Could Be Worth 600+ points! So Far +82Recommendation: SELL
Earlier this month, I issued a STRONG SELL call on the footsie. Right after I issued that sell call, it proceeded higher. BUT not for long! When it reached the upper TL, it got rejected and then ......down she went! From where we got in on the sell to present, it has moved 82 points (as of this post). On a standard lot of 1000 indexes, well, you do the math. BUT if my projections are correct, I am projecting this to fall MUCH MORE! All the way down to 7155 OR MORE! That would be a total move of 600+ points! Try the math on that! But of course thing can always change and my projections can be wrong. That is why I update this Daily and constantly readjust if needed. If you want to see those updated charts daily, PM me and ask me how.
Glaxo ShortPrice has tested 1380 numerous times which can be seen with the long wicks testing and rejecting this level.
There is RSI Divergence also which shows weakness in the price, sell a break of the counter trend and target the lows.
Alternatively set an alert just above 1380 if the price breaks and closes above this level it would be a strong buy signal.
WILL THE FTSE 100 COLLAPSE?Will the FTSE 100 collapse?
No idea, the only thing we can do now is sit back and let the markets do the work.
To be fair, GBP has been appreciating rapidly, are we currently in the exhaustive period? Are prices now start to decline?
This obviously has to be taken into consideration when dealing with INDICES.
I've got a few orders filled in.
I'll update you guys!
FTSE cleared the recent high of 7582. What's next?FTSE 100 had a solid green candle on 27 December 2017 when the market re-opened and it closed at 7620.70 which was above the previous high of 7582.90 on 7 November 2017.
Investors like you may be wondering this index in the near term. From a technical outlook, it would appear that the index has a near-term bullish bias since it made the low of 7288.70 on 1 December 2017.
Based on our forecast, if the bullish momentum continues, we could potentially see the index text 7660-7675 range and if the price surpasses this range, the index could potentially be testing the next level of resistance at 7790. On the other hand, should there be any retracement of the index, we will revisit the chart and provide our updated forecast to the downside targets when the index closes below 7582.90 which was the high on 7 November 2017. We have set an alert on 7582.90 and watch this index very closely.
Good trading
NinjaSingapore
28 December 2017
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UK100 FTSE Bullish Cypher PatternBULLISH CYPHER PATTERN
Took a break from the long term analysis. Now looking at opportunities for the coming few weeks.
The first one I'm looking at here is a bullish Cypher pattern which has already complete and we are well on our way to hit the first target of this type of pattern which is the 38.2% retracement at 7399 then the second target which is at 7472. I'm sure some traders are already in this trade. I'm not (smh) but depending on what happens when markets open, I may just get in to this and get whatever pips I can. Surfing and fishing at the same time right?
What do you think of this?
critic, refute, agree!
Mentors not Trolls!
THE IMPORTANCE OF VOLUME ANALYSIS: Part IIThe wave is currently finalized and is working as planned:
I ended the previous post pointing at the lack of the volume required to confirm trend reversal at supposed point 5.
And in fact, for quite a while the price kept slowly drifting up and down without substantial moves in any direction.
This situation lasted until bearish volume spike on 07/11 that initiated real trend reversal.
It is also necessary to point out that though that spike was only medium in nature, but the change in its volume compared to previous data was sudden and drastic.
Later the volume changes were driving the price accordingly up and down, but most importantly the local bearish trend was established and continued successfully.
Currently, the price is close to the crossing of the line 2-4 at which volume dynamics should be carefully monitored as this may provide a good tip if this is really the end of the analyzed downtrend.
If you have any questions, feel free to ask in comments or PM me.
Nestle: 5th wave higher just startedI am long, bought yesterday. Expecting the 5th wave to be in the making. If 80 chf breaks lower i will close, then it will probably make some kind of more complex structure.
There is a nice risk:reward in this position, plus i like the fundamental situation around Nestle. I had some good reads about it, also Goldman, UBS, Kepler, Citi all have targets above 90 chf on a midterm horizont for Nestle.
Of course there is nothing sure in this markets thats why i am always securing my positions with a stop. Sometimes the best setups just turn and become a loser.
#SPD.L Rodrigue BubbleSports Direct has had it's woes, but the price/action now looks like a Rodrigue Bubble, and we have done all the phases, meaning it's safe to buy again
upload.wikimedia.org
FTSE UK100 Stock Index (14/8/16) *Dead Cat BounceIt is a "dead cat bounce" time for indexes.
This is where bulls to attack back, and eat weak shorts' SL.
In my opinion, the market structure has changed and definitely not in the bullish notes.
It may take sometime to swing around but, we shall see lower low level of 7120 support level soon.
I am cautiously Bullish now.
Trade Safe,
S0nic
Disclaimer :
This analysis not include personal feeling/opinion, and pure base on technical analysis
Trading foreign currencies can be a challenging and potentially profitable opportunity for investors. However, before deciding to participate in the Forex market, you should carefully consider your investment objectives, level of experience, and risk appetite. Most importantly, do not invest money you cannot afford to lose.
please inform me with post a comment if it reach some critical point/break pattern, reach target/reach stop level.
or if there is any question about this analysis/need new update.
Because im not monitoring this chart all time.