LSEG looking leggy - SELLREASONS TO BE BEARISH
Recently lost the 100 week SMA and just re-tested it for resistance
Fell out of the exponential green top zone in March 2021
As far as the RSI is concerned, broke into the bear zone (below 40) and confirmed it for resistance failing to reclaim 60s
Target of 2,700p would coincide with the 0.618 fib retrace of the entire move from March 2009
This would take us back to Jan 2017 levels
Only saviour for the bulls would be to reclaim the 100 week SMA, given we are still in the upper-half of the exponential channel
That said, with only air below, I don't see the mid-point of the channel (at 6,400p) holding in the months ahead...
Not a terrible risk/reward entry for a short from these highs....
UK100 CFD
FTSE 31st MAY 2022OANDA:UK100GBP have no power to breakout above the highest resistance area Aug 2019 - Jan 2020. Last month UK100 was bearish to the diagonal trendline support, and returned to the horizontal resistance area . However, at the end of 2021 there was a bearish divergence signal. where the price is bullish but the flat indicator value tends to bearish.
Bearish potential on the UK100 Weekly, Check this out :
UK100 Weekly
Timeframe. According to the stochastic 5 3 3, it seems to be back in the overbought area, it will be strengthened to bearish if the indicator crossover.
FTSE100 One of the best index buysThe FTSE100 index is approaching its 2022, a rare feat among the leading global stock indices, the majority of which are making Lower Lows. This strength is technically derived by the bullish dynamics of the Fibonacci Channel Up it has been trading in since 2021, which only broke during March's correction.
The price action since April 10 is similar to the sequence of August 11 - October 11 2021. The bottom on both pattern was made after the 1D MA200 (orange trend-line) broke. The latter sequence went on to make a Higher High on the 1.382 Fibonacci extension. That extension on the current pattern is around 7860 and that is our Target by July.
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UK inflation rise to 9% despite 4 rate hikesUK facing high inflation and it breaking 40 years record, BOE rises 4 rate hike in row but price not going down. Even UK economy is different from US but we see FTSE100 did same like US markets in 2020 -35%, 2008 -48%, 2001 -52%.
It's clearly not investment season and stocks like WMT, TGT also dropped badly other side bonds dropping. We can not say Cash is Trash in this season. I think now holding is cash is only best option and we can expect stocks will available more cheap (20% to 30%) in 2 to 3 months.
UK100 Index Intraday Analysis:UK100 loss all of its gains after the announcement of negative non farm productivity. UK100 took rejection form 7617. My target is support of 7461.
If you like this or if you think the opposite of this or if there is any other opinion, mention it in the comments. I am open to all kind of suggestions and critics
Why I shorted FTSE 1000 upon market openThis is the first time I traded FTSE. I used the same theory as trading FX and here is what I saw.
1) The high of last week was present at 7581
2) There was a nice harmonic pattern to sell
3) M15, M30 and H1 divergence in place.
The pair is now oversold. I have taken half the profit out after learning a tough lesson from the last 3 trades :). Switched to breakeven and hoping for a bigger drop.
04/05/22 DEAL FTSE 100 Cash (SD1) SD SD30.10
Funds: SD10,243.03
UK100 SHORT IDEAPrice has rejected main resistance level, 4H candle just closed as bearish engulfing so I'm expecting to price comes down to the previous low level since the main pattern on Daily and weekly are channel UP I believe it will touched there and bounced back up.
UK100: A Great Buy Setup from the Long-term Uptrend Line UK100 has recently touched its long-term uptrend line, bounced up twice from the line and formed a potential double bottom pattern. We can see that price has touched this uptrend line many times in the past and then reversed by forming reversal patterns. Therefore, we will be looking for buy opportunities at this stage.
Our task now is to wait for a neckline breakout of the double bottom, which is the criteria for a reversal. Once price breaks the neckline, we will put buy limit orders at the neckline to capture the pullback. Our first target is the previous high from where the price has fallen, which is the 7650 level. We can see from the past reversals that when price jumped from the trend line, they all retraced back to the previous high.
FTSE Trading The CorrectionIn this update we review the recent price action in the FTSE and identify the next high probability trading opportunity and price objectives to target.
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FTSE EXPECTED DOWNTURNFTSE might be headed for correction after slowed down growth among supply problems due to the war in Ukraine and the COVID outbreak in China, which is pushing up costs to a levels last seen in 1970s.
FTSE will most likely drop to its previous low of 7339 and from there it might try to test its previous low of 7050. If it decides to reverse, it will most likely test its previous high at 7675.
Both technical indicators MACD and RSI are showing slow down of the bullish trend.
Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses.
FTSE UK100 could go downWe have not very good situation with inflation
Still there is a war
All major indexies had bigger corrections but uk100 has not
and of course we are going up and hitting to ATH resistance soon
so in my opinion the price could drop a little bit 2-4% to the downside.
we will see, it's not a recomendation but I'm curious what do You think. It here any other 'someone' who is shortin this index? hm.. ?
UK100 (FTSE100)A gradual climb for UK100 to 8k, wouldn't be a surprising move due to the higher highs and higher lows - 7600 is the price to stay above!
On the other hand, it just takes one bit of bad news and we would see a fall in price - below 7500 there's 7400.
There's no chart patterns here, just pure price action and for now price is bullish.
Nothing Here Is Financial Advice But Be Inspired🌟🚀🌟
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
uk100This is the scenario of panic and chaos I will be moving my SL with the change of price downward. inflation and higher interest rates will result in vanishing billions of dollars from the United Kingdom. Even the split of UK can result in the collapse of a nation that was known as a ruler of the world. with ongoing geopolitical inside and outside Uk Its better to bet on commodities than on stocks.Not a Financial advice.
UK100 to downside target 7480 Looking for the short setup on the H1 or M15 - seeking bearish PA confirmation aiming to the downside target of 7480. Management target around 7540.
UK100 SHORT INCOMING WEEKLYHi there,
UK100 has reached the BIG RESISTANCE LEVEL.
Every time UK100 reached that level, it has ALWAYS got sold down.
It may RETEST the resistance level for a 3RD time then SHORT.
The MARKET is currently at A DOUBLE TOP.
TIME FRAMEE = WEEKLY
kind regards
UK100 4th APRIL 2022Bearish potential on the UK100 Weekly Timeframe, The price have no power to breakout above the highest resistance area Aug 2019 - Jan 2020. Last month UK100 was bearish to the diagonal trendline support, and returned to the horizontal resistance area. However, at the end of 2021 there was a bearish divergence signal. where the price is bullish but the flat indicator value tends to bearish. According to the stochastic 5 3 3, it seems to be back in the overbought area, it will be strengthened to bearish if the indicator crossover.