GPOR.LSE - new lows ahead ?We changed the wave count pattern of GPOR.LSE as it crossed the line at minor B. It is now tracing intermediate wave (3) down what should bring prices below wave (1) and with a good strenght in the move. There is an alternative scenario where this is the final stages of a minor B of an ABC pattern, in this case prices could go up in wave C. In the next days we will have more clarity of what scenario should prevail, keep tuned. FOLLOW SKYLINEPRO TO GET UPDATES.
UK
GBPUSD ANALYSIS FOR TADAYSHORT-TERM
**Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
6,000 a Huge Hurdle For the FTSEStock markets have been on a good run since late March, with the FTSE bouncing back around 20% from its lows to within a whisker of 6,000.
The rally looked to be running out of steam around 5,800 but a late surge on Thursday, backed by momentum, quickly changed that. Unfortunately though, we've since seen a bearish engulfing pattern on the 4-hour chart which begs the question, is 6,000 a step too far? Is there really good reason to be this optimistic as we head into the most horrific earnings season in years, probably decades?
The momentum indicators will be key for me here but a break would send a strong signal and suddenly 6,200 doesn't look too far away, where it found resistance last just over a month ago.
The big level above here though is 6,500. That may be a step too far at this stage, although a lot of bad news seems to be priced in - based on the free pass the horrible data we're seeing is getting - and there is an unprecedented amount of stimulus floating around this system. The usual rules may not apply. Earnings season will be the true test of this.
A break below the rising trend line (granted - only two touches, but useful none-the-less) may signal that some profit taking has kicked in and patience is needed. If so, that's fine, it's been an impressive rally under these extreme circumstances.
DLN.LSE - (UK) - up to 13% shor-term returnsDerwent London is a REIT owner of prime office buildings in London. It is currently tracing minor wave C up of a possible wave primary wave D of a contracting triangle formation. The most probable target for the end of minor C is at 3,796. Keep tuned. FOLLOW SKYLINEPRO TO GET UPDATES.
DLN.LSE (UK) - critical junctureAfter our previous post indicating the future up move on this UK REIT, the Reit increased 9.8%. At this current juncture there are two possible outcomes. The most probable one is that DLN continues its minor wave 5 up and reach 3800. The alternative scenario is that intermediate C wave and primary D of a contracting triangle has finished and the reit will start is move down into the last wave of the triangle. The latter would happen if DLN crosses down 3344. FOLLOW SKYLINEPRO TO GET UPDATES.
Bilateral chart pattern spotted in Cable (GBPUSD)The momentum is good on the upside so far but I don't wanna provide any signal at this point knowing the fact that this traditional chart pattern which is an ascending triangle pattern falling in the bilateral family tells us that "Be ready I am about to fall or rise soon". The direction is not fixed in such chart pattern and can go either way so but it's a good hint for now as the price is either trying to continue higher or pullback in the coming days. Interest decision is around but I don't think they will drop further lower. do you expect them to make a 0% benchmark rate? No right? If you think so buyers may not have much issues, either way, I don't mean to buy but be alert in a nutshell. A pair to have in the watchlist.
GBPJPY will go up the next hoursSHORT-TERM
**Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
GBPAUD will go upLONG-TERM
**Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
GBPCAD forming flag pattern (sell)GBPCAD is forming a flag pattern. If it breaks the flag, it should move down.
IUKP - iShares UK Property ETF - new lows aheadIUKP is coming down in a cycle wave C. It is in an early phase of this wave decline, where intermediate wave 4 seems completed and it should move down in intermediate wave 5 to reach lower levels than its previous wave 3. FOLLOW SKYLINEPRO TO GET UPDATES.
iShares FTSE 100 ISFA is currently tracing the end of intermediate wave 4 of primary wave 3 down . After completed prices should fall to levels between 4800 and 3900 in a new 5 wave intermediate moves. Keep tuned. FOLLOW SKYLINEPRO TO GET UPDATES.
FTSE100 Targeting Major Support Level Global indices have all be selling off and Europe has been one of the most affected areas. Technicals are showing that the FTSE100 is ready to retest sub 5,000 levels.
Look for short around 5600 - 5450, The formation of a descending wedge has been broken wait for a spike higher before entering any short positions.
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Connor
EURGBPSimilar to the article just published on EURUSD - a channel formed, looking like a push-up in the short term trend, before a continuation down to the next lower channel and marked price level.
ISFA - FTSE 100 ETF - more than 35% down aheadFTSE 100 represented by its ETF is tracing down a cycle wave C that should bring prices down to around and additional 35% reaching its bottom in one to two years ahead. Retracements with opportunities for returns in the upside should occur during its path and we will be posting them here. The short term analysis is in the comments. FOLLOW SKYLINEPRO TO RECEIVE THE UPDATES.
GPOR - UK REIT - possibilities of 7% gains in the next two daysGreat Portland Estates is the UK REIT that owns the best office properties in Class A cbd markets of London. The price structure suggests that it will start minute wave 4 down before going up tracing minute wave 5, the last lag that should complete Minor wave 5 of intermediate wave 1. If this scenario persists price should increase 7% in the next two days, before entering a correction of intermediate level. FOLLOW SKYLINEPRO TO GET UPTDATES.
FTSE100 - WILL LONG TERM THINKING WIN?We are currently seeing a 30-40% adjustment in the markets due tot the impact of Covid-19. After last week's crash, governments have announced economic relief bills of unprecedented sums of money that have turned the market bullish. Although such "rescue packages" are effective in the short-term, they cannot cover long-term economic damage that is expected to result from restrictions under Covid-19 and the oversupply in oil.
Most countries in Europe, and the US have not yet seen the peak in cases and deaths as the corona-virus keeps infecting and killing. Governments are imposing tighter restrictions and Italy is considering moving to a "war-economy" that will shut around 70% of the economic activities. Although other European countries seem to have a less steeper increase in corona cases and deaths, it is very likely that most economies will need to shut down more and more over the next coming weeks. Many suggest that the US will become the new "epicenter" of the disease as the virus continues to develop. Some experts say that the virus may slow down in warmer weather, and future infection-waves may be inevitable.
Now, let's back this up with some historical and chart analyses:
> CCI wave end of Mar-20 similar strength as in Jul-02 and Sep-08. In the latter two instances, both where followed by a less powerful bearish market that despite the lack of strength pushed the market down further. The time frame between the two waves is from Jul-02 to Jan-03 (+/- 6.5mo) and Sep-08 to Feb-09 (+/- 5mo), averaging around 6 months.
> The above is supported by:
- applying the Elliot-wave theory on the downward trend in the index, which have been very applicable in the past recessions as the chart shows. In 2020, we have seen two downward
impulse waves (A,C) and are currently in the second correction wave (D). Correction went back to 0.38Fib, whereas correcton D went a little over 0.38Fib and therefor may first
continue upwards to 0.50Fib (c. 5850) or even 0.62Fib (c. 6100) before continuing with the last wave.
- MACD suggest a strong bearish market that is not close to cut the base and move into a bullish market.
> Assuming the Covid-19 crisis will lead the economy into recession with similar impact on the economy as the 2003 and 2008/9 down-cycles, the index will be falling towards or just below the 4000 points around June or July when the real impact of the Covid-19 restrictions will be felt in the economy. However, the bottom may be strongest in May when Europe at the end and the US at the start of the Covid-19 peak as panic kicks in, hospital capacity is reached and economies need to be shut down almost completely. Also, most analysts are focused on emerged economies but most companies on 1st world stock exchanges have significant economic and market exposure in emerging markets where healthcare, governing and economic systems are not as sound, and where the impact of the virus may not be controllable in any front.
> The above is all subject to the developments of Covid-19, but also the lower oil price that is expected to remain low throughout April-20 as Saudi Arabia and Russia will not ramp down production to stabilize global prices. It will be interesting to continue monitoring all developments and see how the world reacts to a problem that we have never faced in modern times.
IUKP tracing cycle wave c downLSE:IUKP IUKP is on downward path of primary Wave 3 and should gain momentum. Some upward corrections will occur, but still there is a long downward path to go before the major trend is up.
Can't you see London's Burning and they cant duck this smokefuck the UK - Boris Johnson is a maggot version of Trump (who himself is a maggot)
GBPUSD 4H from current area Long buy idea
from current area 1.3010 - 1.3050
TP1 : 1.3184
TP2 : 1.3283
SL : 1.2873
This is not an investment recommendation or any call to buy or sell
It is just an analysis based on a study of the history of price action
Behavior , that may not be a necessarily reason for the success of
the structure or repetition. So please make your decision based on your vision .
To protect capital and manage your deals and trading successfully
the maximum loss in each transaction for the same currency or
commodity in the same direction should not exceed ( 2% ) of the capital .
Good luck >>
