Ftse100
FTSE100 SELLSimilar to other indexes, we have seen a slowdown in upwards momentum. the FTSE100 (UK100) has closed outside of the ascending channel, meaning it is very likely that price is going to drop hard.
FTSE100| BUY TRADE📈| INVERSE H&S!| INTRADAY🌟Hypothetical scenario:
(1) Entry @ 6325.0 (Buy LMT )
(2) Stop Loss @ 6290.0 | 35 points
(3) Target @ 6419.0 | 94 points
(4) R:R = 1:2.69
Stay tuned for the updates.
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🥊Not even Winston Churchill can save the FTSE from free-fall🐻The FTSE 100 chart on the monthly looks pretty bad.
We can see bearish divergence since 2007, with the market rally going off very little momentum, it briefly touched the oversold area once in 12+ years, which shows a lack of strong buying, and a bubble in the market.
The first 2 arrows show the FTSE toying with the idea of breaking the Ichimoku Cloud (a versatile indicator that defines support and resistance), with the financial arrow showing that we dropped right through it.
The bubble has now popped, the question is can we re-inflate it?
What's happening in the UK right now on the macro front
- Lockdown fully ends around July 4th
- Locals scared to leave the house
- 6 month mortgage holidays and credit card debt
- Furlough scheme is the only thing keeping people off the streets from rioting
- Businesses that were unprofitable being bailed out
- Brexit
- Peaceful protests
UK is a nation built on debt, nobody has savings (well very few).
This can be seen with 6 month mortgage holidays, the UK government paying people to stay at home and not work, badly run businesses getting bailed out.
Even the airlines cannot lose a month without going under.
With fear and lack of growth, where is the UK going to get power to recover from its all-time highs?
When the furlough ends, many on it will lose their jobs. And when the mortgage holidays end and people have no money to pay for it, what will happen next? I see lots of down-side.
There are a lot of bear cases for the FTSE 100, and very few positives.
The UK will need a sharp rebound, V-shaped for the FTSE to keep moving upwards. For now, the rally is based on hope and government stimulus, which is moving us up, will it continue?.
If you like my macro view on markets, check out my other charts as I often give macro updates on major markets like Gold, S&P, oil etc.
NAS100 / Projection on OpenGreetings TradingView!
How is everyone doing?
Analysis:
It looks like NAS is forming a very classic NAS letter the big M
After the M is formed, we are more than likely to see NAS begin the climb to 9200 finally.
However, this is providing it does form this damn letter and there are no more surprises like detergent drinking. But with the surprises last week and the amount of bad press poor Trump received over the weekend we are more than likely to see NAS drop on open.
Hoping to secure 3100 pips in this position. But this is my outlook.
#UK100 #FTSE100 Is Falling From Our ZoneTraders, FTSE100 (UK100) index is also falling from our zone. We need to wait for a cross of this zone and retest to enter short.
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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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#UK100 #FTSE100 Weekly Analysis - More Downside Or SidewaysTraders, UK100 (FTSE100) gave us very good opportunity to short. It was easy to spot and trade and very predictable. Using our fibonacci confluence based analysis we were able to spot the zone and trade it profitably. Now we can expect more sideways movement. But there is a case for short entries too.
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Traders! if you like my ideas and do take the same trade, please write it in comment so we can manage the trade together.
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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#UK100 #FTSE Has Reached Its Profit Target As ExpectedTraders, FTSE 100 (UK100) Has Reached Its Profit Target As Expected. This was highly accurate, easy and quick trade with 149 points taking only 2 days. That is the accuracy and power of Fibonacci confluence pattern trading. They are predictable, pre-plannable and profitable.
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Have a great trading week!
P.S. (This is for education only. Not a financial advice or signal.)
S&P 500: Sellers may defend current levelsHere's a comparison between the S&P500 and the FTSE 100, although most other major indices could also be used (DAX, CAC, etc.)
The FTSE is having difficulties to reach fresh marginal highs, which may provide some hints for today's S&P 500 open.
S&P reached the 61.8% Fib level on the daily, which aligns with a strong resistance level (possible triple top). The recently-broken bearish wedge may also provide some resistance for further upside movements.
The real question we need to ask is are stocks currently overvalued? The US lost a record 20+ million jobs in March, with many SME firms facing bankruptcy. GDP contraction may also be significant and up to 30%, according to Fed's Powell. Bulls need to be cautious during these times.
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FTSE 100 SHORT 1HFTSE 100 (CFD) - was looking for pull back to 5830 since yesterdays lows, entered short today at close of 1H candle @ 5817, target at recent lows , however I'm expecting that price would move lower next week. To enter this trade at this point I would wait for any pullbacks at 15min chart.
#UK100 #FTSE100 Has Completed A Bearish Pattern Like #SNP500Trader, UK100 has just completed a bearish pattern. This can potentially lead it to lower price levels.
If you found this useful hit the like button, subscribe to my channel and share this with other traders. Comment on the post to let me know what you think of them.
Have a great trading week!
P.S. (This is for education only. Not a financial advice or signal.)
FTSE outlookPrice failed to break 50% fib level on Friday. Now formed a potential double top there. Break of the neckline opens targets lower.
Break higher opens way to 61.8%.
Bank of England now put negative rates on the table and escalating US-China relations create potential for a bearish week. A short would be better for risk.
Please support the idea and share your thoughts on FTSE!
Good Luck and Stay Healthy!
303p - 330p Long term target swing from 100p / 75p entry #ftseAs a long term investment I am looking into start scaling in slowly in BT as I believe that UK economy will thrive in next few years once this period is over.
a 300p (200% from this price level) will give a great return alongside dividend for many investors.
I believe scaling in will be a better strategy then all in.
Please do remember we might still do a double bottom at 75p!!
FTSE100 Tries To REVIVE itselfFTSE 100 has suffered enough! This bloodshed must not go on any longer for the sake of the UK and its economy!
Major support hit. Ranging below that, we could be in for some serious turmoil which I really do not wish to experience first hand. If it maintains its support level, we could see a slow range up to the three targets listed. We shall have to see how it plays out. No stop loss because I'm confident in this one. A big statement to make on such a volatile index, but I have belief that, come the period following the bank holiday, we can revive this index. I hope so anyway - otherwise there may be some serious burnage.