FTSE Elliott Wave Analysis for Tuesday 13/06/2023Trading day preparation. The FTSE is refusing to move. We advise traders not to touch it. Let's just wait for better price data.
Ftse100
FTSE Elliott Wave Analysis for Monday 12/06/2023Trading day preparation. We discuss several scenarios that could play out. There might be a possibility for a short trade.
FTSE Elliott Wave Analysis for Sunday 11/06/2023 (W1 & D1)A pullback in the higher timeframe seems likely. We have 5 waves up as an impulse in the weekly, daily, and 4h timeframe. However, as divergence in the weekly is not really outspoken, a new high is still possible. Investors should wait for the pullback to buy. Traders should analyze the lower timeframe.
FTSE100 9/JUN/2023UK100 (FTSE 100) index has shown a significant price movement. The price initially formed a resistance level, which has been successfully broken out. This breakout indicates a potential shift in market sentiment. The previous resistance level has now become a support level. This means that traders and investors are now viewing this level as a price floor, where buying pressure may emerge.
The price is approaching this support area. Based on historical price behavior, it is likely that the price will rebound or bounce off this support level. This means that buyers could step in and push the price higher from this point. Considering these factors, it is advisable to monitor the price action closely in the support area. Traders may consider potential buying opportunities as the price approaches this level, keeping in mind that a rebound or bounce could occur.
Note: This analysis is based solely on technical factors and does not take into account fundamental or macroeconomic aspects that may influence the UK100 index. Technical analysis is not foolproof and market conditions can change rapidly.
FTSE Elliott Wave Analysis for Friday 09/06/2023Trading day preparation. We discuss several scenarios that could play out. There might be a possibility for a short trade.
FTSE Elliott Wave Analysis for Thursday 08/06/2023Trading day preparation. We discuss several scenarios that could play out. There might be a possibility for a short trade.
FTSE Elliott Wave Analysis for Wednesday 07/06/2023Trading day preparation. We discuss several scenarios that could play out. There might be a possibility for a short trade.
FTSE Elliott Wave Analysis for Tuesday 06/06/2023Trading day preparation. We discuss several scenarios that could play out. There might be a possibility for a short trade.
FTSE Elliott Wave Analysis for Monday 05/06/2023Trading day preparation. We discuss several scenarios that could play out. There might be a possibility for a short trade.
FTSE Elliott Wave Analysis for Friday 02/06/2023Trading day preparation. We discuss several scenarios that could play out. Depending on what the market gives us, there are several possibilities to enter a trade.
FTSE Elliott Wave Analysis for Thursday 01/06/2023Trading day preparation. We discuss several scenarios that could play out. We define an area where to go long.
FTSE Elliott Wave Analysis for Wednesday 31/05/2023Trading day preparation. We discuss several scenarios that could play out. We see a potential long trade but we need more data to confirm.
FTSE Elliott Wave Analysis for Tuesday 30/05/2023Trading day preparation. We discuss several scenarios that could play out. We define an area where to go short. We also see a potential long trade but we need more data to confirm.
FTSE Elliott Wave Analysis for Sunday 28/05/2023A pullback in the higher timeframe seems likely. We have 5 waves up as an impulse in the weekly, daily, and 4h timeframe. However, as divergence in the weekly is not really outspoken, a new high is still possible. Investors should wait for the pullback to buy. Traders should analyze the lower timeframe.
FTSE Elliott Wave Analysis for Friday 26/05/2023Trading day preparation. We discuss several scenarios that could play out. We define an area to go short but we need more data in order to confirm.
FTSE100 Double Buy short-term and long-term break-out.The FTSE 100 Index (UK100) has broken below its 1D MA50 (blue trend-line) and is approaching the 1D MA200 (orange trend-line), which is the first short-term Support. The medium-term is the 1W MA100 (red trend-line) and those two are our buy entries for a 7800 Target. This is just under the Lower Highs trend-line from the All Time High (February 16 2023).
The 1D RSI is close to the 30.00 oversold barrier and past price action in March 2023 and October 2022 shows that the 2nd break below it, is a Buy Signal. The pattern overall with the Lower Lows in Support and inner Lower Highs, resembles that of December 2021 - May 2022 (so far).
As a result, we are only willing to take a long-term buy, if a 1D candle closes above the inner Lower Highs trend-line. In this case we will target 8200. The potential extension towards the end of the year can even be as high as the 1.382 Fibonacci extension (8350) which was where the February 16 2023 High was priced.
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FTSE Elliott Wave Analysis for Thursday 25/05/2023Trading day preparation. We discuss several scenarios that could play out. We define an area to go long and an area to go short but we need more data in order to confirm.
FTSE Elliott Wave Analysis for Wednesday 24/05/2023Trading day preparation. We discuss several scenarios that could play out. The FTSE is giving us a messy structure for the moment. It is hard to see potential entries for a trade. We define an area to go long and an area to go short but we need more data in order to confirm.
FTSE Elliott Wave Analysis for Tuesdday 23/05/2023Trading day preparation. Although pullback is expected in the higher timeframe, we can see some more upside in the lower timeframe. We discuss several scenarios that could play out. We define an area where to go short.
FTSE Elliott Wave Analysis for Monday 22/05/2023Trading day preparation. Although pullback is expected in the higher timeframe, we can see some more upside in the lower timeframe. We discuss several scenarios that could play out.
FTSE Elliott Wave Analysis for Sunday 21/05/2023A pullback in the higher timeframe seems likely. We have 5 waves up as an impulse in the weekly, daily, and 4h timeframe. However, as divergence in the weekly is not really outspoken, a new high is still possible. Investors should wait for the pullback to buy. Traders should analyze the lower timeframe.
FTSE Elliott Wave Analysis for Wednesday 17/05/2023Trading day preparation. Although pullback is expected in the higher timeframe, we can see some more upside in the lower timeframe. We discuss several scenarios that could play out.
FTSE Elliott Wave Analysis for Tuesday 16/05/2023Trading day preparation. Although pullback is expected in the higher timeframe, we can see some more upside in the lower timeframe. We discuss several scenarios that could play out. We see two ways to enter a trade.
