FTSE Elliott Wave Analysis for Wednesday 27/09/2023As forecasted we saw more upside in the FTSE. We now reached areas from where we can start to reverse. We are looking for exhaustion signs to end wave A.
Ftse100
UK100: Continuation watchToday's focus: UK100 Index
Pattern – Continuation Pattern
Support – 7629 - 7588
Resistance – 7720, 7916
Thanks for checking out today's update. Today, we have run over UK100, breaking down the overall price picture, levels, and patterns and incorporating moving average and RSI into the analysis.
The primary focus of today's look at the UK100 is the current uptrend, forming a new higher low in today's session. This continues to push the case for a new leg high from buyers. Resistance at 7720 is the first big test, and if we can see a new move up, this level needs to be cleared to break the current range.
If today's fightback from 7629 support fails, we could see a move that may try to retest the range base. We will be watching Price and mainly Buyers over the next several sessions to see if we get a breakout.
Good trading.
FTSE Elliott Wave Analysis for Tuesday 26/09/2023As forecasted we saw more upside in the FTSE. We now reached areas from where we can start to reverse. We are looking for exhaustion signs to end wave A.
FTSE Elliott Wave Analysis for Monday 25/09/2023As forecasted we saw more upside in the FTSE. We now reached areas from where we can start to reverse. We are looking for exhaustion signs to end wave A.
FTSE Elliott Wave Analysis for Thursday 21/09/2023As forecasted we saw more upside in the FTSE. We now reached areas from where we can start to reverse. It looks like the upward ABC correction is mature.
FTSE Elliott Wave Analysis for Wednesday 20/09/2023As forecasted we saw more upside in the FTSE. We now reached areas from where we can start to reverse. We are looking for exhaustion signs to end wave ((y)) and wave W.
FTSE Elliott Wave Analysis for Tuesday 19/09/2023As forecasted we saw more upside in the FTSE. We now reached areas from where we can start to reverse. We are looking for exhaustion signs to end wave ((y)) and wave W.
UK100 FTSE Technical Analysis and Trade IdeaIn this video, we undertake an extensive examination of the US100. In recent time frames, the NASDAQ has experienced significant bullish sentiment, leading to a substantial surge toward a crucial resistance level. Throughout the video, we explore the potential for a trade opportunity involving the FTSE. This analysis is based on a thorough evaluation of price action dynamics, market structure, prevailing trends, and a careful assessment of key support and resistance levels. It is essential to stress that the material presented is purely educational in nature and should not be construed as financial advice or guidance.
FTSE Elliott Wave Analysis for Monday 18/09/2023As forecasted we saw more upside in the FTSE. We now reached areas from where we can start to reverse. We are looking for exhaustion signs to end wave ((y)) and wave W.
FTSE Elliott Wave Analysis for Friday 15/09/2023 (+ Higher TF)For traders (lower timeframe):
As forecasted we saw more upside in the FTSE. We now reached areas from where we can start to reverse. We are looking for exhaustion signs to end wave ((y)) and wave W.
For investors (higher timeframe):
In the higher timeframe, investors should wait till the higher degree WXY correction is finished.
FTSE Elliott Wave Analysis for Thursday 14/09/2023We made a new high and this supports the scenario of another corrective leg up as forecasted. This means we can see some more upside to finish wave X, before reversing down as a wave Y.
FTSE Elliott Wave Analysis for Wednesday 13/09/2023As expected we took out the high and the correction up looks complete now. This means wave X can be finished and we should see more downside as a wave Y. However, aligned with the US indices, we expect another corrective leg up.
FTSE Elliott Wave Analysis for Tuesday 12/09/2023As expected we went back into the wave X area to take out the previous high. This means we get an additional correction up as a wave X. This correction up does not look complete yet. We need at least one more high. Wave X up should be followed by further downside as a wave Y.
FTSE Elliott Wave Analysis for Monday 11/09/2023 (+ Higher TF)For traders (lower timeframe):
The primary expectation is now that we will go back into the wave X area to take out the previous high. That would mean we get an additional correction up as a wave X. This move should be followed by further downside as a wave Y.
For investors (higher timeframe):
In the higher timeframe, investors should wait till the higher degree WXY correction is finished. It is still early but we are approaching the first relevant areas.
FTSE Elliott Wave Analysis for Friday 08/09/2023It looks like the primary scenario is playing out and we are reversing from the wave X area. We expect more downside as an ABC structure to finish wave Y.
FTSE Elliott Wave Analysis for Thursday 07/09/2023It looks like the primary scenario is playing out and we are reversing from the wave X area. We expect more downside as an ABC structure to finish wave Y.
FTSE Elliott Wave Analysis for Wednesday 06/09/2023It looks like the primary scenario is playing out and we are reversing from the wave X area. We expect more downside as an ABC structure to finish wave Y.
FTSE Elliott Wave Analysis for Tuesday 05/09/2023The primary scenario is playing out and we reached the wave X area. There are several indications that a reversal to the downside is near.
FTSE Elliott Wave Analysis for Monday 04/09/2023The primary scenario is playing out and we reached the wave X area. There are several indications that a reversal to the downside is near.
FTSE Elliott Wave Analysis Higher Timeframe (02/09/2023)In the higher timeframe, investors should wait for the next pullback to buy again. We are approaching the first relevant areas.
FTSE Elliott Wave Analysis for Friday 01/09/2023The primary scenario is playing out and we reached the wave X area. There are several indications that a downward reversal is near.
FTSE Elliott Wave Analysis for Thursday 31/08/2023The primary scenario is playing out and we reached the wave X area. There are several indications that a downward reversal is near.
FTSE Elliott Wave Analysis for Wednesday 30/08/2023The primary scenario is playing out and we reached the wave X area. There are several indications that a downward reversal is near.
