#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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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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Ftse100
#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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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.
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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.
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
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
FTSE trend line retestFTSE is on the way to retest the broken trend line again.
Potential to looks for reversals on smaller time frame to trade the bounce.
Morning started on a bullish note for equities and US session starts in 30 mins, so volatility will go up.
Please support the idea and share your thoughts on FTSE!
Good Luck and Stay Healthy!
#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..
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
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.