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
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.
FTSE Elliott Wave Analysis for Monday 15/05/2023Trading day preparation. Although pullback is expected in the higher timeframe, we can see some upside today in the lower timeframe. We discuss several scenarios that could play out. We see three ways to enter a trade.
FTSE Elliott Wave Analysis for Sunday 14/05/2023A 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: About to give a strong longterm buy signalFTSE100 has been trading inside a Channel Up since the October 13th 2022 bottom, currently pulling back after a rejection on the internal LH trendline. This has turned the 1D timeframe neutral (RSI = 48.285, MACD = 4.950, ADX = 49.378) and with the price on the 1D MA50, those are the conditions for a buy.
The Buy signal trigger however would be the index crossing over the LH trendline, as it did on a similar pattern on November 10th 2022. We will buy either on that trigger or on the 1D MA200. In both cases TP = 8,250.
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UK100 to start a selloff?UK100 - 24h expiry -
We are trading at overbought extremes.
Short term MACD has turned negative.
A break of 7800 is needed to confirm follow through negative momentum.
Short term bias has turned negative.
We look for losses to be extended today.
We look to Sell a break of 7799 (stop at 7838)
Our profit targets will be 7701 and 7681
Resistance: 7835 / 7860 / 7880
Support: 7809 / 7780 / 7750
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Short FTSEMy simple short idea, divergance on few time frames. We are overbought, no reason for more upside for me.
Take care
UK100 FTSE Technical Analysis and Trade IdeaIn this video we focus on the FTSE UK100, however, the US100, US30, UK100, and DE30 are analysed to find a common theme between these four instruments. The stock markets have traded into key support levels and have been rangebound for some time. We are now seeing some bearish momentum evident in the charts. The trend, price action, price gaps, market structure, and a potential trade opportunity are covered. It is important to note that this is not financial advice and is meant for educational purposes only.
FTSE 100 AT MAJOR RESISTANCEFTSE 100 has reached a major resistance after the breakdown that we called around a month ago. We are looking for a reaction at this level to possibly go short and we will updated if we take that position.
FTSE100 Bottom formed. Buy opportunity.FTSE100/ UK100 is forming a Bottom on a 1 year Support Zone. The RSI is also bottoming out.
Target 7820 (+8.70% rise0>
Follow us, like the idea and leave a comment below!!
Break out for BATSNot a BATS out of hell just yet but a breakout all the same. Broken away from 2756 and a good dividend, but now has to clear 3000 last established in Jan 2020.
FTSE Update Pre BOEHey Traders,
The FTSE has been wildly moving between extremes.
We can now look further at key PA levels.
Watch for more.
FTSE 100 | UK 10 | DECRYPTERS Hi Welcome to Decrypters
Simple reasons to Buy
Liquidity Raid
Fib retracement
Weakness in Forex Pairs
Daily 200 EMA
UK100 CrashHello we are part of a new community called lucky trading club in tradingview so let's begin our second analysis.
UK100, ftse100 will crash, we have a eqh on 7700 with a lot of liquidity it was already taken last friday on 7900, also we have 5 waves of elliot and harmonic pattern in the range of 7700-7900
We still in uk100 ATH when all institution begin to sell gradually and uk economy still in acute crisis because inflation and decrease of pbi.
In ressume a lot of confluences to take this short position.
Type of trade: Swing.
Entry: 7840-7900
Our targets
Target 1: 7700
Target 2: 7580
Target 3: 7400
Target 4: 7200
Max x20
FTSE 100 crash looks likelyPossible Head and Shoulders pattern developing
May recover over a month as MCAD is favorable for a short-term BUY,
but then crash to about 6700, so I reckon it's best to short this after it has recovered.
