UK100 (FTSE100)A breakout of structure, the likeliness of going higher is a lot more than the likeliness of going down.
Ftse100
We called the FTSE short at its all time high, we're short againThe 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 - Long Signal (Relief Rally)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, economic data and earning figures to come out, NFP, AE and UE figures Friday too.
FTSE Last drop before buying for the medium-term.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 medium-term. Our target is the 0.618 Fibonacci retracement level at 7535.
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FTSE Elliott Wave Analysis for Friday 20/10/2023 (+ 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.
FTSE Elliott Wave Analysis for Thursday 19/10/2023The 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 as an ABC up.
FTSE Elliott Wave Analysis for Wednesday 18/10/2023The 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 as an ABC up.
UK100 D1 - Short from 7720UK100 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.
FTSE Elliott Wave Analysis for Tuesday 17/10/2023The 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 as an ABC up.
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.
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!
Please, Support Our Work with Like & Comment! Thank You!
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.
