We are at it again!I am short UK 100 with the following:
Entry: 7822.83
Stop Loss: 8150
Take Profit 7300
R/R of 1.6 which is slightly higher than my usual 2 taking ATH into consideration.
Timeline is 30 days or when TP/Stop is hit respectively.
Ftse100short
FTSE just broke below two Bearish Patterns -Target 6,981Inverse Rev Cup and Handle has formed on the daily.
And a Symmetrical Triangle too.
Now the Symm Triangle is normally a continuation pattern. But because of the state of the markets world wide, they are bringing down the main indices like FTSE 100.
These are bearish signals along with these indicators.
21>7
Price<200 (Red zone)
RSI<50 (Red zone) and lower highs.
Target 6,981
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 BULLISH EXHAUSTION?I am currently looking to sell this index.
It is no surprise to anyone who reads my ideas ,not many:p, that I am of the option that whilst the latest inflation data coming from the UK has ticked lower, I believe it will again raise its head to bite the UK on its ar$e.
I guess more importantly, I think the inflation data coming out of the US over the coming months will be hot and with that the dollar will rally once again. Although not quite as it did in 2022. This will result in a significant exportation of inflation around the world which will further increase the prices of food, energy and fuel; pretty much everything that is priced in USD. Ultimately hurting the economies which the companies comprising the FTSE rely on. Aside from big pharma and petrochemicals.
Moreover, if you look at the chart above, the FTSE has been in a decent rally since October of last year which culminated in an all-time high milestone of 8000. The rally to date has been moving in an ascending triangle (WHITE) which coincided nicely with relatively strong divergences between the move up to 8000 and the indicators shown (RED).
This is often a good indication of weakness in a prevailing trend and may potentially signal bullish exhaustion. The price broke this triangle structure on 28/02/23 with a failed rally back to support which indicates that we may be looking at a decent move to the downside in the coming weeks and months. As such, I’m now looking to enter a sell trade from here-on.
My POI for this move is anywhere between 8950 and 8130 (current price to top of structure)
As always I will be scaling in my positions as (or if) the price moves higher, which I expect it will until Powell comes out and admits that last months 25bps hike was a mistake.
It’s important to note that the UK economy and this index are not overly correlated because whilst the companies making up the FTSE may be HQ’d in the UK, their market audiences are more global. Please bear in mind that this is not a full breakdown or analysis for an entry, it is just my current thoughts on this market and a very basic o view of why I’m looking to short this index. Please always do your own analysis and always trade with caution.
FTSE 100 Stock Index trading near top end of the price channelSqueezed
UK retail sales fell hard in September, higher cost of living hitting the pockets of consumers
UK recent economic data highlights
The drop in UK retail sales indicates that consumer spending slowed in September; actual -1.4% vs -0.3% forecast
Highlights little signs UK household spending to pick up soon as higher prices push consumers to become more careful about spending
FTSE 100 Stock Index trading near top end of the downward price channel
UK100 Index: current price remains vulnerable towards the downside, although price has traded slightly stronger since touching the 52-week low at 6,713 last week momentum indicators seem to suggest further price weakness ahead for the index
Scenario
(a) Price fails to consolidate above it’s 10-day very short term moving average around (6,900) which exposes a re-test of last weeks low near 6,713, and if the 52-week low fails to hold a further extension lower towards 6,400 (2.618% lower extension from the August highs - September lows)
(b) Price breaks out of the downward price channel (chart 1) and makes a move toward the upper 7,180 resistance
SHORT FTSE 100Short FTSE 100 @ 7450
TP: 6900
SL: Around 7700
The UK has many problems involving the PM, energy, cost of living crisis, recession, inflation and a devaluing currency. Normally GBP weakness was beneficial for the equity index however, the correlation has broken down. THE BOE has admitted that we face 5Q's of recession ahead and I cannot see how that is positive for stocks. I have therefore sold into this rally and will look for sub 7k lvl to TP.
This trade could take a few months but I am happy to sell into this rally.
Good luck! ;)
UK100 BEARISH PATTERNUK100 CFD had broken the support of the triangle pattern that was formed on the 1H graph. The histogram of MACD indicator is still below the zero line, also confirming a bearish outlook for the instrument.
If the price of the instrument continues its current movement, it might reach levels below 7040. On the other hand, if price reverses, it will most probably test the resistance of the triangle at 7350.
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UK100 (FTSE100) Short Hellooooooo PIPIN TRADERS. This is one of the trades I will be looking at for the next few days before I post another update/analysis on this index, RISK TO REWARD 1:4
FTSE 100 - Wave Revision - Topped In 2018In this Wave Revision video I explain how this market already topped back in 2018.
It is very interesting to note because next I will be revisiting the pound to see exactly what is going on there.
A break of 6242 should provide the first clue that Wave 2 is complete.
A break of 5511 will provide further confirmation that Wave 3 down is in progress.
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ridethepig | Positional Play in UK Equities 📌 UK Equities remain vulnerable with Brexit & Covid in play.
(Similar representation for those tracking the moves in S&P, NQ, DJIA and etc...)
(1) Firstly challenge the view that Rishi's stimulus produces an immediate effect and anything more than a spring mattress; the furlough scheme is incredibly expensive and weighing heavy despite being totally justified.
(2) Recognise the idea that we are in a dead-cat-bounce in Equities broadly and that the UK is particularly exposed to these corrections which is key in positional swings! With this said, I struggle to find positives in the UK and in doing so prevents exposure on the bid. In order to bring interest in UK Equities I would need to see the current lows swept and in the event of a no-deal Brexit then we can see as low as 3579.x.
(3) Keep to the strategy - avoid getting soft hands and closing out too early (out of fear of missing the rally) and try rather to operate with a sense of calm and tranquility.
(4) Aim for total destruction of UK assets in the coming year, sadly the individual mobility of almost every sector will be affected from the political suicide.
(5) Get used to observing the complacency and "sell on rallies"; do not let an emotional retail approach be decisive.
(6) Remember what is important for Positional swings ... we are not attacking, or even defending, but remaining nimble with the capital outflows, rather like meandering water.
Thanks as usual for keeping the feedback coming 👍 or 👎
🐱The FTSE 100 is what a dead-cat bounce looks likeCompared to major indices in the US, Europe and Asia, the FTSE100 is getting beaten up, and beaten up bad.
Macro economic factors for the UK are very bearish, with huge job layoffs and big unemployment numbers when the UK furlough scheme ends, not a lot has changed since my last update.
Major FTSE 100 companies like Taylor Wimpey, BP, Lloyds, BT etc are all leading the way with the beat downs.
The bounce started strong and we got all the way up to 6,500 before getting chopped down back to 6,000.
Since then the FTSE has never really gotten off the ground and has been playing around the 6,000 level for the last few weeks.
Without strong fundamentals to lead the FTSE higher, it looks like the next level is going to be lower.
Using fib and past support and psychology levels the next areas of support are 5,900, 5,700 and then 5,500.
Have a question about the FTSE100? Leave a comment below.
📈FTSE 100 - Here's where we are going next in August 👇This is a chart of the FTSE100 on the daily time frame, each bar is 1 day of price action. In this post I talk about the price action of July, bull and bear cases for the FTSE and important levels to watch out for if you're looking to add to positions.
The last time I posted about the FTSE I said it was important that we do not break the 6,000 level, and if we do it becomes more probable that we see the 5,000 level again.
A clear break of the 6,000 level would indicate that the March rally was a dead count bounce.
On Thursday the FTSE broke the 6,000 level.
On Friday it back tested the 6,000 level as resistance, what was once support has now become resistance (wick on the last bar touched the 6,000 level before selling off sharply.)
It convincing broke that level showing sellers wanting to get out.
What has happened in the UK in July?
Let’s start with UK’s biggest bank Lloyds which is a barometer for the financial economy (I exl HSBC as it’s a multinational, but if you take a look at all banks, they are breaking major support levels across the board).
From March till July, Lloyds was holding strong above the 30p mark a huge level in place since 2008 GFC, this week it’s earning came out much worse than expected and it broke major support sitting at 26p.
Now over to energy – BP.
Like Lloyds, BP was keeping its head above water at 300p a historical level of importance for over a decade of price action.
This area acted as support all the way back from 2010 and 2015, this week it fell through the floor and now sits at 275p.
BT was keeping afloat above the 115p area for months and now is at 98p, lowest price in a decade.
Taylor Wimpy major level was 130p in play from 2016 and 2018 where it bounce off nicely, for months it was using this level as support, it now sits at 118p.
Across a wide range of sectors, many UK large businesses have broken major support levels that have supported them for many years, suggesting that the overall mood is bearish and that in the next few months we should expect more downside.
Why did we see a sharp amount of selling the last few days? Some things to think about.
On Friday UK ended its 80% furlough scheme, now it’s only gives 60% with employers putting up the other 20%. The question is how many employers are going to put up the 20% with their profits slashed.
I don’t think it’s any surprise that we see the break of support on the Thursday, two days before the scheme was being cut, I assume that investors were waiting to see if this would be extended before making their way to the exit.
On Friday Brois slammed on the “breaks” for -opening the UK, with some parts of North England under some type of lockdown, slowing down the recovery. Casinos, bowling alleys etc opening are also delayed for at least two weeks. Borris also stated another nationwide lockdown is not off the cards.
No trade deal with the EU does not help local UK businesses, and the strengthening of the GBP is dragging the FTSE down as it makes foreign investment into the FTSE less attractive.
In my last FTSE post I stated that I expected to see many more layoffs and that has come true, not a day goes by without a major firm reducing staff.
Companies all over the globe are figuring out how to do more with less, and when they figure that out it will result in job cuts.
Mortgage holiday and credit card holidays are coming to an end shortly, signalling more pain for banks and reasons to exit.
Now let's focus on the bull cases for the FTSE100, if you have your own bull/bear cases please leave a comment below so we can share ideas.
The UK gets the virus under control and we see a v-shape recovery, or a vaccine.
The bulk of employers pay 20% of the furlough for staff staying at home and unemployment does not increase, and by October we are back to normal (that's when the scheme ends), or the scheme is extended.
UK gets a great EU trade deal.
The first area of support on the FTSE is minor support at 5,700~, we can see it acting as both support and resistance from March-July, and if you zoom out over 10 years, this level has acted as S/R in the past, I expect buyers to step in here, but will there be more buyers than sellers?
If we cannot hold the 5,700 area, then it’s most likely that we go and re-test the 5,000 area where I expect there to be a lot of buyers waiting.
If you’re holding FTSE funds/ETF and are thinking about adding, these are important levels to watch out for to average in.
Can we see the FTSE100 break above the 6,000 level next week?
Yes, it can.
If the FTSE goes upward of 6,000, I would like to see a huge green candle as that shows that buyers are stepping in, I would then like to see the FTSE close above 6k for several days, making the break below 6,000 a bear trap. If that does not happen, then we can expect more downside to the FTSE 100. Looking at the RSI buying moment is weak and shows that the bears are firmly in control right now.
Have a question? Then leave one below.
FTSE 100 - short as in 50-61.8% ratio. Hello analysts and traders -
Looking at the FTSE100 - it is time to sell? We think yes - we have monitored this on private charts but now it is time show a public view and to close some longs and begin to hedge and close out final longs.
Have you noticed a pattern?
All indexes have had Vshaped recoveries - however is it sustainable? Nope.
With a lot of the companies on the FTSE stock exchange being foreign owned on multiple exchanges - it is clear that these giants will see a poor performance coming.
Technicals -
weak trend line which saw a fakeout and retest on our orginial trendline - but this was now corrected.
Now we move sideways around the 50%.
Taking the impulse from the highs to the lows March end.
We have a very poor trend line which is a correction rising channel - but as tailed off.
UK sectors - will see large outflows with the FTSE supply and lower high formed - means the sentiment is sour.
The UK has a dead cat bounce , similar to S&P, Nasdaq, and Dax.
VIX and Gold will be the strongest gainers where money printing and inflation occurs. .
Fundamentals
Brexit in play with a little chance of a deal and the stimulus package which the UK provided to citizens is clever to many to provide companies with the 20% pay gap, however many people are still not in work and the sentiment of the government finding ways to prevent debt to tip over 100% will become a real issue.
Brexit again, EU stimulus package for loans and grants is another poor decision - with many countries affected in crippling ways, Southern Europe, Eastern Europe also and western countries e.g. Scandinavian, Netherlands all not wishing this would go ahead.
Germany need the stimulus to keep on top of the EU. Germany has become the power of EU since Euro inception.
UK assets - will be reduced to losses without trade deals from the EU, USA and Canadian, swiss or singaporean style deal..
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🥊The FTSE is sitting on major support, will it break down?🥊I have drew an easy to understand technical chart of the FTSE 100, highlighting the major support and resistance areas from March to July, using a daily chart (each bar is 1 day of trading on the FTSE100).
We can see that the 5,000 area acted as major support level in March, on 4 days wicks broke the 5k level but closed above (that tell us this is a huge support area).
FTSE bounced from the 5k area to break the 6,000 area on its second attempt, and since has been ranging between 6,500-6,000 area.
You’ll notice these support and resistance numbers are very well rounded (5k, 6k, 6.5k), bigger support levels on larger time-frames are often connected to psychological levels, because everyone investing/trading is watching these levels and it's why they work so well.
Moment on the RSI is below 50 and is fading, during the high in June it did not break the 70 level which is a little worrying, I read it as buyers not believing in the rally with more downside to come in the coming weeks.
We ended the week at 6,095 and bounced nicely off 6k support.
What happens next?
If we break the 6,000 level head lower, this leads to a path to re-test the 5k level. For a breakdown to happen I would want to see 4-5 days in a row that the FTSE closes below 6k. It can very well close 1-2 days below 6k and the next day break up and crush shorts (known as a bear trap).
If we do break this level I’ll be looking to add to my positions on the stocks I think are going to benefit in a potential rescission/depression/stagflation environment listed on the FTSE100.
For the FTSE to show signs of strength, it first needs to take out the minor resistance level at 6,350~ level, before taking another run at the 6,500 level.
Until there is a CLEAN break of the 6,000 level downwards or the 6,500 range upwards, the FTSE is consolidating in a range, it’s up to buyers and sellers to decide the road it takes next.
If you like my chart feel free to give my charts a follow :).
FTSE 100 Bear Flag (Updated)I'd like to refine my past post on the FTSE 100 Bear Flag - to give it a bit more strength.
There's a key level of support (now resistance) in white. This is a right-angled descending broadening wedge that's been forming since Feb 2017.
The white support of this pattern neatly intersects with the blue colour Bear Flag as of April 29 (Today)
I think this adds a little more to my conviction that this uptrend has hit the end of the road.
Adrian
FTSE100 To Test Major Support Level SoonFTSE100 (UK100) tries to hold 5600 after multiple failed attempts to overtake 5800. It is currently sitting on a support level. The 4-hour chart is showing us that it is in a descending channel that could form into a bullish flag.
What do we have here?
✔️ Descending Channel Following Longer-Term Downtrend
✔️ FTSE100 - Losing Support Level at 5600
Thank you, Connor,
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