FTSE 100 (UKX) | The best places to start a downtrend🔥Hello traders, FTSE 100 (UKX) in daily timeframe , this analysis has been prepared in daily timeframe but has been published for a better view in 2 day timeframe.
All of these counts correspond to a larger wave that may have preceded a correction or triangle.
Based on a count, you are in a zigzag motion, and from this zigzag , waves a and b are over, and now we are inside wave c.
Wave c itself is formed inside a channel or a triangle and from this pattern, waves 1, 2, 3 and 4 are completed and the instruments are inside wave 5.
Wave 5, like the other waves of wave c, is in the form of three waves, and of these three waves, the last wave does not end, and the end of this wave is confirmed when the red circle is broken.
We do not have an exact target for the correction rate at the moment, but it is possible to correct up to around 6550.
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Ftse100
FTSE 100 with room to fall..For more Daily Detailed analysis, go ahead and click on the follow button. If you have any questions, please do ask them!
Here we have our Detailed FTSE 100 chart..
On the latest Market sentiment we have seen a drop to the downside. This move has left us nearer our Key MA's and some comfortable support areas.
We are looking long slightly lower on this mornings fall. There is room to move To Greater support.
Look long and Exit at the eclipse symbol area for your first target.
FTSE IntradayOn our UK100 charts this morning we are looking for an intraday long.
Price action is showing us early signs of price rejection around the current 7580 level. This leaves us a fair profit margin to hit especially with the lack of News this morning leaving less downside risk.
See the wick candles for early indication. Exit is at the eclipse symbol area.
FTSE 100 Approaching All-Time HighThe FTSE 100 has been gaining ground recently, with a 2.95% move for January 2022 alone.
December was up 4.62%, so there is clear momentum right now.
This brings a nice change from the sideways movement we had between May - October 2021.
Following the all-time high created on May 2018 at 7903, price declined, gaining momentum
during the peak covid pandemic in February and March 2020.
A low was formed at 4898, with an overall decline of 37%. Since then price has climbed 54%,
with over 300 points to go before it reaches the all-time high.
We can expect to see a good number of stocks showing signs of bullishness now that the FTSE
is looking strong again and these stocks will be presented in our weekly newsletter.
See below for more information on our trading techniques.
As always, keep it simple, keep it Sublime.
FTSE dawdling..For more daily detailed analysis, don't forget to go ahead and click on the follow button. Please do ask any questions should you have them!
Here we have our UK 100 chart. We are seeing very little price movement due to lack of market senitment... Rather boring..
Anyhow, We are looking long on the next fall down to the eclipse symbol.
FTSE 100 (UKX) | The best places to start a downtrend📍Hello traders, FTSE 100 (UKX) in daily timeframe , this analysis has been prepared in daily timeframe but has been published for a better view in 2 day timeframe.
All of these counts correspond to a b wave at a higher time.
This wave b is formed in the form of a zigzag and from this zigzag the waves a and b are finished and the wave c is being formed.
The c-wave consists of microwaves 1, 2, 3, and 4 in the form of a channel or triangle, and we assume that the 5-wave microwave is at the end of its motion process.
Either it ends in the same range after the formation of the other two waves, or it completes after hitting the upper side of the channel and the fall starts from that area.
The descent will be confirmed when the canal floor and red circle are broken.
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FTSE100 Sell & Buy SetupThere are two setups on this chart:
1. Buy Setup
We expect the price to pull back to the Supply Zone where we are looking to sell and take profit at the next Demand Zone.
2. Buy Setup
If setup 1 plays out as expected and the price return to the demand zone (setup 1 target), we will buy at the level and take some profit at 7481.6 area. I personally will be holding some of the position in case the price still wants to continue going up.
Feel free to ask any question and I will do my best to answer.
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Nasdaq to continue bullish Goodmorning Everyone.
From my analysis you can see the Nasdaq is still very bullish on the daily timeframe. We are approaching 16600 again the area of resistance, i dont see why it should break it and when it does Nasdaq will continue to make new highs. We can also see price has hit the centre treandline before it did continue up, Respecting the trend.
Bull Targets: 16600- 17270
I will keep you guys posted!!
FTSE rebound from the hit.Don't forget to click on the follow button for more daily detailed analysis. Also if you have any questions please do ask them!
We were previously looking short on the FTSE and our targets were hit. We are now looking long as we fall to comfortable support.
The FTSE was knocked by sentiment around the current covid news and it's affect on the UK economy from a demand shut down.
Long entry comes as TECHs line up. RM will be in focus as sentiment changes. This means keeping an eye accurately on risk and adding.
Directional arrow notes price movement.
FTSE to dip..For more daily detailed analysis, don’t forget to click on the following button. Also, please ask any questions you may have and I will be happy to answer them.
Recently, we looked long to our current targets. Sentiment from the CB meeting drove price nicely up.
We can now look short as we approach our TECH short zones.
FTSE to riseFor more daily detailed analysis, don’t forget to click on the following button. Also, please ask any questions you may have and I will be happy to answer them.
We recently went short on the FTSE and targets were smashed yesterday.
Currently, COVID news sentiment and high inflation reports are moving this asset. In the very near term, the news will likely give us even more sentiment.
We are now looking to go long on the FTSE with an upside target.
We are at comfortable support with other technical aspects in our plan.
UK100 BREAKTHROUGH AND RETEST THE RESISTANCEThe FTSE 100 index is well placed to extend its recent run higher ahead of the Bank of England’s decision on UK interest rates next Thursday. Once seen as almost certain, a rate hike has become less likely because of the spread of the coronavirus Omicron variant.
That’s positive for UK stocks even though the Government has already responded by tightening the pandemic rules in England. Masks will now have to be worn in most indoor public places and employees have been told to work from home if they can.
The UK FTSE 100 index traded lower on Monday and touch and retest the broken resistance line from December 6th of the downtrend formed from drawn from the high of November 12th. That said, the slide was paused near the 7220.00 level, still above the prior downside resistance line. As long as the index is trading and stopped on that level and in combination with that the traders sentiment is net long, it would be interesting to see how the price will react in the following days.
In order to start examining whether the outlook has darkened further, the experts would like to see a clear dip below 7180.00, support marked by the inside swing, and 61.8Fibo correction. The price will already be below the aforementioned downside line and the bears may get encouraged to push the action towards. If they are not willing to stop there, then we could see them pushing towards the low around 7115.00 or lower to 38.2Fibo correction around 7050.00 or lower to the strong support and psychological level around 7000.00.
On the upside, the experts would like to see a clear rebound back from the current levels before start examining whether the bulls have gained full control again. This will take the index above the upside line and could aim for the 7370.00 or 7397.00 zones. Another break, above 7397, could see scope for extensions towards the peak of February 21st, 2020, at around 7460.
Looking at our oscillator indicators we have to notice that MACD and RSI are very close to the oversold zone but also noted big short volume bars at the end of the year.
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FTSE crawling upDon't forget to Click on the follow button for more daily professional analysis. Also if you have any questions, please do ask them!
Here we have our updated FTSE 100 chart.
We are looking long on this bounce at higher TFS.
MA's are creating a good profit margin and we are UP trending.
Remember we want to trade with the current flow of the market at any time.
FTSE Another Leg Lower is Expected To Take PlaceShort-term Elliott wave view in FTSE suggests that the rally to 7404.31 high ended wave ((1)). Down from there, the index is doing a pullback in wave ((2)) to correct the cycle from the 10/28/2020 low before the upside resume. The internals of that pullback is unfolding as Elliott wave zigzag structure where initial decline to 7198.76 low ended wave 1. Then wave 2 ended at 7311.94 high, wave 3 ended at 7044.3 low. Wave 4 bounce ended at 7161.91 high and wave 5 ended at 6989.66 low thus ended the first leg in wave (A).
Up from there, the index made a short-term bounce in wave (B). The internals of that bounce also unfolded as a lesser degree zigzag structure where wave A ended at 7182.01 high. Wave B ended at 7083.21 low and wave C ended at 7378.92 high. Near-term, as far as bounces fail below 7378.92 high and more importantly below 7404.31 high the index is now expected to start the (C) leg lower. And expected to see more downside towards 6966.22- 6710.86 100%-161.8% Fibonacci extension area of (A)-(B). From there, the next leg higher is expected to take place or should produce a 3 wave bounce at least. Alternatively, if it breaks higher then the index might have done a running flat correction from the August peak.
UK 100 Slowly turning over..Don't forget to click on the follow button for more daily Professional analysis. Also if you have any questions, please do ask them!
Here we have our FTSE index.
We are still looking short as price returns to previous highs.
Price is now stalling on the current news sentiment and has room to fall.
We are shorting down to a comfortable area of support.
Targets and price movement is noted by directional arrows.