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.
Ftse100
UK100Buy Order placed for a short term buy. UK100 is bearish on a hgher timeframes so this is a short term trade and should be managed carefully.
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.
FTSE pending planDon't forget to Click the follow button for more daily professional analysis. If you have any Questions, please do ask them!
Here is our FTSE chart,
Similarly to yesterday we are waiting for some sentiment to RE kick in.
We should see a fall back to more reasonable areas and comfortable support.
Target is labelled with our directional arrow.
$FTSE Can Rise One More Time To Fall - Important Key To MarketsTraders, FTSE (UK100) completed a huge bearish W pattern which gave us the level 7339. (See the attached idea). It missed the an important pre-covid level where we have a gap left. Last time it came very close and fell down for an initial reaction to create a bear trap. Now it will most probably try again to close that gap up and collect few stop losses around the FCP zone. This can be very good opportunity to short FTSE100 market for longer term.
US30 (Dow Jones), US500 (SNP500) and NASDAQ (NAS100) all have been closing their past gaps. US30 has few left close to all time high. As these gaps are closed on the high side, only bottoms ones will remain. FTSE is one of them. Having said that, do not take gap in to your trading strategy as gaps may take years and decades to fill.
Trade what you see and keep the risk management tight.
Rules:
1. Never trade too much
2. Never trade without a confirmation
3. Never rely on signals, do your own analysis and research too
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Take care and trade well
-Vik
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📌 DISCLAIMER
The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of education only.
Not a financial advice or signal. Please make your own independent investment decisions.
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UK 100 slowly slowly..Don't forget to click the follow button for more daily professional analysis,
Here we have our little unchanged UK 100 chart.
The current rally and market sentiment has driven this asset back to recent highs.
Price is way too high now and at sell zones we formerly discussed.
We are now looking short back down to former Support and our Key MA's.
GBPNZD Short Idea GBP NZD has been in a steady uptrend for about a month now, currently trading around the 1.948 levels. However, the price was unable to pass above the October 11th high of 1.97 which was a key level. The RSI indicators on the daily time frame show price are in overbought regions at the moment. The UK PM plans to hold an emergency press conference today regarding a "Plan B " for its covid response. It's very likely for the pound to suffer if the news is bearish, which it most likely will be considering the spread of the new variant.
FTSE 100 Short Idea Today at 5:30 the UK PM will be announcing a "Plan B" covid plan for the coming weeks after the emergence of the new Omnicron variant. Depending on the plan it's possible for Sterling and UK stocks to plummet if the news is bearish. The RSI indicators on the 4hr chart have just started to edge down from its overbought regions (85) indicating that there is room to go down. If we look to Europe and the economic impact that covid has had it's likely for the same to happen to the FTSE100.
UK 100 Short planDon't forget to Press the follow button after reading for more daily professional analysis,
Here we have our FTSE or UK 100 chart.
On the current positive news sentiment around the omicron variant, we have seen a huge rally.
We are looking short at we approach recent highs.
Short TGT noted by the directional arrow.
FTSE intraday shortGood Morning, afternoon and evening traders! Don't forget to click the follow button after reading my post for more expert daily analysis.
Here we have our frequently traded FTSE 100 chart.
We are up on the day from current UK market sentiment attacking some key resistance.
We are looking for an intraday short this morning back down.
UK 100 Bearish intradayFor more detailed analysis, don't forget to hit the like and follow button.
Here we have our UK 100 chart.
After our targets were hit yesterday we are now looking short for intraday gains.
We are already seeing some price rejection at recent 1H highs and looking for this to continue.
FTSE 100 intradayFor more daily detailed analysis from myself, don't forget to click on the follow button.
Along with other important markets, the FTSE is seeing some sideways movement over current market indecision.
Often at these times, price will move either way eventually.
Price direction is noted by the arrow.
UKX Hourly - Bounce feeling tad overdone here Bounced nicely as expected but has run a little too hard out the gates for my liking. Up against lateral resistance and hidden bearish RSI divergence confirms. Would like to see 7090 area re-tested
UK 100 PlanDon't forget to click the follow button to get detailed daily analysis,
Here we have our UK 100 (FTSE) chart.
This is an asset I trade daily.
With the current news sentiment we have seen a fast and sharp move down followed by a swift rebound. we are at Key MA's and some good support.
We are looking to get long again. TGT area is noted by the Blue arrow on the chart.
UKX Hourly - Good RR for a small longRsi divergence coupled with some long tailed candles. Small long targetting 7085.. Stop at the todays lows
UKX Hourly - Decent RR for a bounce I think theres a decent RR on offer here for a small long... stop at this mornings lows. Targeting 7140, 7155 and 7180
FTSE 100 Huge move..To make sure you never miss more detailed daily analysis from myself, Please feel free to click the follow button!
Here we have our FTSE or UK 100 chart,
Today we had a huge drop down. We are now RE buying on this fall at these great buy zones.
You can see the FTSE starting to pull away from this area. Price rejection is always a good sign that an area is great for buying power and we too should go long.
We are looking to hit the target higher up, noted by our directional arrow.
