Ftse100
FTSE 100 Index Chart (UKX) Bullish & Bearish ScenariosHello my dear readers, here we would like to take a look at two different scenarios FTSE 100 Index Chart (UKX).
Let's start with the bearish scenario because this is the one that is in play right now... Feel free to hit like to show your support.
Looking at the chart above, we can notice a huge descending channel (bold brown dashed line) and we have two rising wedges.
The first rising wedge resulted in very strong drop after the FTSE 100 broke below EMA10, this is marked with a red arrow.
The second rising wedge is in play now and the FTSE 100 already broke and closed below on EMA10 (green), EMA50 (magenta) and EMA100 (blue) lines.
Taking this into consideration and the bearish indicators, MACD and RSI, the FTSE 100 Index has high probabilities to continue falling, this is represented with another red arrow. The dashed green and red lines at the bottom represent the last low and strong support.
Conditions for change: Now we take a look at the bullish scenario. If the FTSE 100 (UKX) can break above EMA10, it has the chance to continue going up. Any trading below this indicator and the bearish potential remains.
We believe based on the chart as it is now, that the FTSE 100 can continue falling.
Thanks a lot for reading.
This is Alan Masters.
Namaste.
FTSE100 - Indices Trading | Elliott Wave Structures | Q2 2019*Please support this idea with a LIKE if it helps you. Thanks!
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FTSE100 - Elliott Wave Outlook
Bearish Swings - Patterns:
Flat Structure in Cycle Wave IV (green)
Primary A (turquoise) - Simple Correction
Primary B (turquoise) - Complex Flat
Primary C (turquoise) - Bearish Extension
Bullish Swings - Patterns:
Leading Diagonal in Intermediate (A) (blue)
Next expected swing:
Bearish sequence in Intermediate (B) (blue)
Structure change:
Breach of the lower trend-line could lead towards Intermediate (B) (blue) already in play.
FTSE 100 Short Trade *TREND CONTINUATION*Here is my 3rd scale in entry order set for the FTSE 100 index.
- Lower Highs & Lower Lows
- Fib 0.618
- Bearish TL
- 4hr 50EMA as resistance
- 7250 nice psych number
Aiming for 7000.00 level to be hit next.
EURO CURRENCY INDEX (EXY) 4-HOUR TIMEFRAME SHORTThe Euro currency index has been moving in a series of lower highs and lower lows following the unsuccessful European Union parliamentary elections and also all the clouds surrounding Mrs. T. May. A break above the 112 price level will invalidate this idea.
Short-sellers can target the 110.5 area, which is the bottom of the descending channel, as a potential profit-taking level.
FTSE100 - SHORT TERM SHORT - MEASURED MOVEThe FTSE100 appears as though it is forming a simple bearish flag formation. I would be a little cautious on looking at this as a Head and Shoulders formation, however it does look like we could be forming that as well. (leave a comment below letting me know what you think)
The move to the downside would be a measured move from the first leg down which was approx. 38 points.
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None of the information on this post constitutes any form of investment advice. All of the opinions expressed are solely personal and are not a recommendation to trade any form of asset whatsoever. Online trading is extremely speculative as well as risky and you should therefore seek advice from a certified professional. Past performance is not indicative of future results.
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CPG long It has been a while since I posted one of my plans for the week ahead and I've missed the process, this week I would like to share my Compass Group (CPG) set up which I think is a great long. Compass posted strong half year earnings on the 15th of May which was well received by the market sending the stock up to an area that has played a role as resistance in the past, 1820. The price tested this area in April of this year and was unable to break through since then we have seen the stock go through some weakness to bounce back to then level on the strong earnings report. Last week's candle saw the formation of a doji where the market is making it's mind up about the 1820 where we will either fall away or break through and see new all time highs which is always a good time to trade a stock as it will be on a lot of peoples watch lists. The moving averages I use mainly 200/50 SMA and 7 EMA are all leaning upwards supporting the idea that the stock is in an uptrend and buyers should have control.
The plan for this one is to, set a stop order at 1821 as we haven't seen a full break yet so the level still holds good meaning we can get a tight entry to it without there being too much overhead resistance. I have my stop loss set at 1789 which clears most of the lows from last week easily giving the stock enough room should it fail to break out at the open but still tight enough to get a 1% account loss set which is vital for risk management. My target for this set up is a 5/1 RR giving me 1986 however, I will trim the potion by at third at the whole numbers of 1850 and 1900 making the psychological burden of holding a bit easier. I hope you have enjoyed this analysis and if there is anything you see differently feel free to comment. Thank you!
Joe
LSE:CPG
Elliott Wave View: Short Term Support in FTSEShort term Elliott Wave view in FTSE calls the move lower to 7150.9 on May 13 as wave A. This suggests that the move lower from April 23 is unfolding as a zigzag Elliott Wave structure. Wave B bounce is currently in progress to correct cycle from April 23 high before the Index turns lower. Internal of wave B is unfolding as another zigzag Elliott Wave structure in lesser degree.
Up from 7150.9, wave ((a)) ended at 7360.34 and wave ((b)) ended at 7267.84. Wave ((a)) unfolded as 5 waves where wave (i) ended at 7264.18 and wave (ii) ended at 7223.08. Index then resumes higher in wave (iii) which ended at 7353.51, wave (iv) ended at 7307.33. and wave (v) of ((a)) ended at 7360.34. While short term dips stay above 7269.33, expect Index to extend higher. Potential target for wave ((c)) of B comes at 100% – 123.6% extension of ((a)) which is 7477.9-7527.39. Index also should not break above May 13 at 7528.93 or else it will open further upside. If Index instead breaks below 7267.84, then either wave ((b)) is unfolding as an expanded Flat structure or wave ((c)) of B truncates and Index has turned lower.
FTSE 100 Finding Further WeaknessLast post: May 7th 2019. See chart .
Review: Price was showing short-term weakness and was at the daily 50 simple moving average .
Update: Since then price has shown further weakness and is approaching a strong monthly support level.
Conclusion: We need to see how price reacts to this support level. A break through support and we may see further weakness. A bounce off support and price may resume the uptrend.
Any comments or questions, do not hesitate to leave them below. Give us the thumbs up if you share our sentiments!
Sublime Trading
FTSE 100: Approaching a short term support. Potential bounce.FTSE 100 is close to complete the -5.30% decline after being rejected on the Lower High of the 1W Channel Down (RSI = 49.506, Highs/Lows = 0.0000). The Golden Cross (MA50 over MA200) on 1D was the signal both on the Lower High and the one on the late May 2018 All Time High. 1D is fully bearish (RSI = 33.998, MACD = -8.850, Highs/Lows = -159.7305) even oversold on the stochastic trade action, meaning that a relief rally should follow. With MA200 supporting we are targeting 7,400.
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FTSE comparison with 2015The shape of the FTSE100 chart in 2018 bear similarities with that of 2015. The top is more rounded than SPX. The turmoil over the forthcoming Brexit execution on Mar 29, 2019 makes this a less attractive market than other non-US indices. Note that the fractal predicts a low of 3896, almost exactly 50% down from the top. This compares well with the 53% drop in 2001-03 and the 51% drop in 2007-09. This is all dependent on a bear market developing globally. FTSE is behind the curve on this, probably buoyed up by weak GBP. But GBP is also behind the curve on rate hikes.
If a bear market does develop, traders need to know the 'shape' of it, ie where the rallies will reach for short entry.
FTSE100 BUYLong cypher formation missed entry. After correction price have broken the downward trendline from the upside. Not bad RRR. Good Luck
FTSE100 - Market Crash Cycles | Indices | Macro Trends*Please support this idea with a LIKE if it helps you. Thanks!
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FTSE100 has been labeled within a Grand Super-Cycle degree wave IV (blue), which has been unfolding ever since the Dot-Com bubble.
Structure - Expanding Flat Formation
2000 peaks and down until 2003 bottoms - Super-Cycle wave (a) (red)
2003 bottoms up until 2007 tops - Cycle wave a (black)
2007 tops and down until 2009 lows - Cycle wave b (black)
2009 lows and up until present times - Cycle wave C (black)
Cycle C (black)
Pattern - Ending Diagonal
Sequence - 5-Wave Sequence, with Primary Waves 1 2 3 4 5 (green) decomposed as Intermediate (A)(B)(C) (blue)
Current Position
Primary Wave 5 (green)
Next expected swing
Bearish sequence in Intermediate (B) (blue)
Market Crash Forecast
Support granted at or around the 7000.00 mark and then a bull run towards the 9000.00 levels, where the Super-Cycle Wave (b) (red) is expected to complete.Super-Cycle Wave (c) (red) would reflect the next Larger Degree Recession.
Structure change
Breach of the lower trend-line of the Ascending Channel could reflect the fact that the Market Crash already started.
FTSE 100 Showing Short-Term WeaknessLast post: April 24th 2019. See chart .
Review: Price was trading comfortably above the daily 200 simple moving average and looked bullish.
Update: Since then price has shown weakness and currently sits on the 50 simple moving average.
Conclusion: We want to see if the support area holds and pushes price back up.
Any comments or questions, do not hesitate to leave them below. Give us the thumbs up if you share our sentiments!
Sublime Trading
Uk100 FTSE Short Opportunity - 4 : 1 Reward vs Risk Hello All
Following watching trades from last week start to play out, I am expecting the FTSE 100 to follow lower in the coming days.
This is based on it reaching a key level of resistance which I expect will result certainly in a short term correction. - We are still in a bullish overall trend at present though.
I am expecting to see a bearish engulfing candle at resistance on the 4hr chart then maybe a double top resulting in a lower high.
Thanks for reading
Duncan
FTSE 100 Making Good progressLast post: April 3rd 2019. See chart .
Review: Price was trading comfortably above the daily 200 simple moving average.
Update: Price has continued to look strong making higher highs and higher low.
Conclusion: We want price to continue to advance higher and eventually break the previous all-time high.
Any comments or questions, do not hesitate to leave them below. Give us the thumbs up if you share our sentiments!
Sublime Trading
Elliott Wave View: Further Strength in FTSEElliott Wave view on FTSE calls the rally from February 28, 2019 low (7041) as an impulse Elliott Wave structure. An impulse is a 5 waves structure with wave 1, 3, and 5 all subdivide in 5 waves of lesser degree. Up from 7041 low, wave 1 ended at 7370.6 and wave 2 ended at 7146.29 and Wave 3 ended at 7477 peak. Up from 7146.29, wave ((i)) ended at 7222.64, wave ((ii)) pullback ended at 7160.14. Index resumes rally in wave ((iii)) at 7461.39, and wave ((iv)) ended at 7420.41 and wave ((v)) of wave 3 ended at 7477.
Index should now pullback in wave 4 before the rally resumes in wave 5. Wave 4 should correct wave 3 rally from 7146.29 low. We don’t like selling the Index and expect buyers to appear to buy dips in 3, 7, or 11 swing as far as pivot at 7146.29 low stays intact.
View On FTSE UK stock index (The uptrend is still in tact)View On FTSE (5 Apr 2019)
Back Ground: We are in the strong impulsive move up and it may not last. We shall see some sort of pullback along the way. BUT it is not going to be a strong downtrend to me. In fact, any pullback to the support will be a good time to buy in.
Target(s): UP 7,480(TP1) 7,560 (TP2)
SHTF: It will use 7,000 as strong support.
DYODD, all the best and read the disclaimer too.
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FTSE 100 Remains Bullish Going Into AprilLast post: March 18th 2019. See chart .
Review: Price had just broken through the daily 200 simple moving average and we were waiting to see whether price would remain above it.
Update: Price did move below the daily 200 simple moving average but has since moved back above it and is looking strong.
Conclusion: We want price to continue to create higher highs and higher lows.
Any comments or questions, do not hesitate to leave them below. Give us the thumbs up if you share our sentiments!
Sublime Trading
