The FTSE100/UK100 has been showing signes of weakness although remaining at a high level. Find the our initial short - arguably our trade of the year - in the linked trade
FTSE100 D1 Buy some came into play late last week, following the latest stock dump, we have since started to bounce following an upside gap, pushing as much as 1.7R, but sat at a current 1.3R. Eyes on FTSE100, we may see a second attempt bounce from that 7265 support price. It's going to be a busy week, I can't stress that enough, with all the risk events,...
The FTSE 100 Index (UK100) delivered a strong short-term buy signal last time we looked at it (see chart below): The index has been since rejected twice on the Lower Highs trend-line of what is almost a year long Descending Triangle. We will wait for a test of the Support Zone, ideally when the 1D RSI tests its Higher Lows trend-line and buy for the...
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.
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.
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.
UK100 D1 Lots of big daily timeframes here, swing positions are certainly looking attractive across and commodities, indices and FX. 7720 is our anticipated sell zone.
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.
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.
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.
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.
UK100 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-...
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.
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
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).
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.
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).
It 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).