Could the FTSE 100 be on it's way down?Currently a small flag is developing on the FTSE and I do believe there is more room for a correction however remains bearish in the larger picture.
Ftse100short
Actively looking for entries in FTSETracking this exhaustion leg like a hawk as we see inflation continue to cause problems in the UK, especially to companies with a lot of sterling exposure.
Not hesitating to pull the trigger at all as the downside is wide open, as soon as we see BOE hike that will be game over... Carney starting to realise the ship has already sailed.
GL
Ftse 100 amist the volatilityThe Ftse 100 has been reacting to recent events like article 50 activation and is highly volatile.
But the price is a new fan area so could represent a trend change, furthermore the price broke out of the ascending triangle, and now if the price closes below the 200 MA and the trendline - short.
UKX ShortShort to 7260 area. Price has violated 200sma, might retest but I'm not expecting it to break back above.
FTSE100 shortShorting FTSE100 again, short term setup looking good to continue down. Bear pennant formed, need support to break down from here for next move down
SHORT FTSE100Already managed to call the top with prior published chart but look here at the comparison with GBP/USD.
Two charts are pretty much inverses of each other up until that long vertical arrow shown.
Since then GBPUSD has recovered nearly all of its losses however FTSE has only retraced a fraction of the gains made in the same time frame. I think a correction will come.
Theresa May set to meet Trump this week and aiming to get a trade deal in place very soon. Could spike sterling further and exaggerate the difference further.
UK 100 : D Keep an eye on continuation or reversal signalAs shown in this chart, there are 02 pissible cases:
- Break of momentum at 7339 level;
or
- BO that can gives more up towards 7539
FTSE100 shortBearish shark harmonic in play, looks over bought on daily chart.
Also expecting USD to come off a little bit which will likely result in this following
SIMPLE IDEA: FTSE 100 SHORTBearish divergence on 4H chart.
GBPUSD up 120 pips from 1.22 lows.
Target: missed weekly pivots at 7040, 6970
