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Ftse100

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.
OANDA:UK100GBPLong
by lndlsnt
2
FTSE - Fading gains, more downside expected. UK100 is Bearish - We look to Sell at 5860 ▪️ Overnight price action has drifted lower and remains pressured by the medium term bearish bias. ▪️ Levels close to the 61.8% pullback level of 6000 found sellers. ▪️ Broken out of the channel formation to the downside. ▪️ We look for a re-test of the upward trending resistance. ▪️ Further downside is expected although we prefer to set shorts at our bespoke resistance levels at 5860, resulting in improved risk/reward. ▪️ Expect trading to remain mixed and volatile. Stop: 5890 Target1: 5665 Target2: 5630
FOREXCOM:UK100Short
by Signal_Centre
FTSE - Selling a re-test of the channel UK100 is Bearish - We look to Sell at 5965 ▪️ Overnight price action has drifted lower and remains pressured by the medium term bearish bias. ▪️ Levels close to the 61.8% pullback level of 6000 found sellers. ▪️ Broken out of the channel formation to the downside. ▪️ We look for a re-test of the upward trending resistance. ▪️ Further downside is expected although we prefer to set shorts at our bespoke resistance levels at 5965, resulting in improved risk/reward. ▪️ Expect trading to remain mixed and volatile. Stop: 6015 Target1: 5665 Target2: 5500
FOREXCOM:UK100Short
by Signal_Centre
#UKX ANALYSIS.. FOLLOW THE PATTERN!.. I think that there will be a long-term correction wave in the global markets on a macro scale, in this context, I think we will observe a pattern in #UKX as I mentioned in the chart.. Markets will become very interesting after 3,4 months, we will wait and see.. What I wrote is about strong possibilities that most investors do not express or expect.. Please do your own due diligence when it comes to trading.. Invest at your own risk.. I wish you all the best..
TVC:UKXShort
by OguzhanSengor
2
FTSE - Selling a re-test of the broken channel UK100 is Bearish - We look to Sell at 5933 ▪️ Broken out of the channel formation to the downside. ▪️ We have a 50% Fibonacci pullback level of 5936 from 6209 to 5665. ▪️ Positive overnight flows lead to an expectation of a firm open this morning. ▪️ Further downside is expected although we prefer to set shorts at our bespoke resistance levels at 5933, resulting in improved risk/reward. ▪️ Expect trading to remain mixed and volatile. Stop: 5983 Target1: 5665 Target2: 5627
FOREXCOM:UK100Short
by Signal_Centre
The FTSE 100 Holding At SupportThe FTSE 100 has been held up by a strong level of support over the past couple of months. February 2016 created a low at 5499 which was retested in March and April 2020 and going into May, we want to see momentum to the upside. Identifying major levels of support in advance is very useful because it will give you an objective view of the markets, it also prepares you in advance for potential opportunities. In this case, we will be getting ready for shorting opportunities if price decides to trade below 5499. If price remains above support and begins to rise then we can prepare for long opportunities. Price is still below the daily 200 simple moving average (not shown) and we want to see price move above it, but ultimately we want to see price break above the current all-time high at 7903 before looking for long opportunities. For now, we will continue to stand aside from entering positions in stocks while we preserve our capital. See below for more information on our trading techniques. As always, keep it simple, keep it Sublime.
TVC:UKX
by Sublime_Trading
UK100 - Correction May Not Be Over Just YetThere's an interesting battle building up in the FTSE 100 (UK100), after which we should have a much better idea of whether this rebound has legs or they're going to be sweeped from underneath it. The charts were starting to look quite promising. We had a clear uptrend and price broke back above the 200/233 period simple moving average band on the 4-hour chart. Then we ran into our first obstacle on the daily chart, the 55-day SMA, which is when the profit taking kicked in. This took us back below the 55/89 SMA band on the 4-hour chart where we're now testing the 200/233 band. So far, the 38.2 fib is holding within the first band but that doesn't mean much yet. A break back through 5,800 would add some promise, especially if combined with a significant close above the 55/89 SMA band (4 hour chart). Obviously, that doesn't necessarily been it's correction over but it's a major hurdle overcome. Given the initial trend line break, failure of 55-SMA (daily) and immediate resistance around the 55/89 SMA (4hour) band, I fear more pain may be in store for the FTSE. This still looks like more of a corrective move but maybe one that has a little more to run. The area around the 50 and 61.8 fibs may appeal more, should the 38.2 fib and 200/233 band fall.
OANDA:UK100GBP
by OANDA
FTSE has broken out of a channel - Looking to sell a re-test. UK100 is Bearish - We look to Sell at 5867 ▪️ Broken out of the channel formation to the downside. ▪️ We have a 38.2% Fibonacci pullback level of 5872 from 6209 to 5664. ▪️ Negative overnight flows lead to an expectation of a weaker open this morning. ▪️ Further downside is expected although we prefer to set shorts at our bespoke resistance levels at 5867, resulting in improved risk/reward. ▪️ Expect trading to remain mixed and volatile. Stop: 5917 Target1: 5637 Target2: 5530
FOREXCOM:UK100Short
by Signal_Centre