FTSE Elliott Wave Analysis for Monday 16/10/2023 (+ Higher TF)The higher timeframe gives us two equally valid scenarios. On the lower timeframe, it looks like wave X is finished and that we are working on wave Y as an ABC up.
Ftse100
FTSE Elliott Wave Analysis for Friday 13/10/2023The higher timeframe gives us two equally valid scenarios. On the lower timeframe, it looks like wave X is finished and that we are working on wave Y.
FTSE Elliott Wave Analysis for Thursday 12/10/2023The higher timeframe gives us two equally valid scenarios. On the lower timeframe, it looks like wave X is finished and that we are working on wave Y.
UK100 Index Long Trading SignalUK100 Index Long Trading Opportunity
1. The price closed above the Trend Magic Indicator line. Strong long signal.
3. Vortex will cross and indicates strong uptrend signal.
4. Retail trader data shows 64% of traders are net-short. Strong contrarian long signal.
SL - below the Trend Magic Indicator line or Vortex indicator change trend direction signal
TP1- 7750
TP2 - 7920
Keep It Simple and Always Trade With the Trend!
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FTSE Elliott Wave Analysis for Wednesday 11/10/2023The higher timeframe gives us two equally valid scenarios. On the lower timeframe, it looks like wave X is finished and that we are working on wave Y.
Is the FTSE100 setting itself for a rally?Triple Bottom seems to be forming on FTSE100...
Could it be showing signs that it wants to rally for the rest of the year?
If so, we need to wait for the price to close above the neckline before acting.
Other indicaators also show it's too early, but things can change. So we'll keep our eyes peeled.
Price <200 (Bearish)
21>7 (Bearish)
RSI<50
Target 8,280
FTSE Elliott Wave Analysis for Tuesday 10/10/2023The higher timeframe gives us two equally valid scenarios. On the lower timeframe, it looks like wave X is finished. However, as long as we see too much overlap in the upward move, we cannot exclude the secondary scenario. The secondary scenario calls for two more swings as a wave (b) and (c).
Will we see the FTSE fall today? The trend on FTSE has been down and there is a chance to sell this further.
There is a harmonic pattern and the H4 and D1 are pointing downwards.
The only worry is the H4 reversal at the bottom.
FTSE Elliott Wave Analysis for Monday 09/10/2023 (+ Higher TF)The higher timeframe gives us two equally valid scenarios. On the lower timeframe, it looks like wave X is finished. However, as long as we see too much overlap in the upward move, we cannot exclude the secondary scenario. The secondary scenario calls for two more swings as a wave (b) and (c).
FTSE Elliott Wave Analysis for Friday 06/10/2023It looks like wave X is finished. However, as long as we see too much overlap in the move up, we cannot exclude the secondary scenario. The secondary scenario calls for two more swings as a wave (b) and (c).
FTSE Elliott Wave Analysis for Thursday 05/10/2023It looks like wave X is finishing. We might be working on the final swing of the corrective move down.
FTSE Elliott Wave Analysis for Wednesday 04/10/2023It looks like wave W is finished and we can now see further downside as a wave X. It looks like wave X is missing two more swings to finish as a wxy structure.
FTSE Elliott Wave Analysis for Monday 02/10/2023 (+ Higher TF)For traders (lower timeframe):
It looks like wave W is finished and we can now see further downside as a wave X.
For investors (higher timeframe):
In the higher timeframe, investors should wait till the higher degree WXY correction is finished.
FTSE Elliott Wave Analysis for Friday 29/09/2023As 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.
WTI, US10Y down. EURUSD, SPX up.dear fellows,
we believe USOIL to fall in the near term. this would allow US10Y to fall, as well. as a consequence, EUR, GBP, JPY would rise against the USD. finally, it would lead these respective stock market indexes up.
best regards.
UK100 H4 | Rising into 38.2% Fibo resistanceUK100 is rising towards an overlap resistance and could potentially reverse off this level to drop lower.
Sell entry is at 7647.16 which is an overlap resistance that aligns with the 38.2% Fibonacci retracement level.
Stop loss is at 7700.00 which is a level that sits above a Fibonacci confluence i.e. the 61.8% retracement and the 100.0% projection levels.
Take profit is between 7564.00 and 7551.55 which is a pullback support that aligns close to the 50.0% Fibonacci retracement level.
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FTSE Elliott Wave Analysis for Thursday 28/09/2023As 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 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.
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.
