UK100 Sell IdeaH4 - Triple cycle up forming, based on the fibo extension levels of the two legs, we have a magnet zone. We also have a bearish divergence.
Price is nearing this magnet zone. Once price reaches this zone we may expect a bearish reversal to happen.
We may then start looking for sells with the breakout of the uptrend line.
UK100 CFD
UK100GBP approaching support, potential bounce! UK100GBP is approaching our support at 7104.3 (horizontal overlap support, 38.2%, 50% Fibonacci retracement, 100% Fibonacci extension). A strong bounce might occur at this level, pushing price up to our major resistance at 7221.5 (horizontal swing high resistance).
RSI (55) is approaching our major support level and a bounce off this level might be a good precursor of a potential rise in price.
Losses can exceed the initial investment so please ensure you fully understand the risks Trading CFDs on margin carries high risk.
UK100 Buy IdeaD1 - Double cycle completed, we may now expect the price to move higher until it reaches the 38.2% retrace zone.
H4 - Price broke the most recent downtrend line and retested it. We may start looking for buys now.
Invalidation - If the price moves lower and holds below this downtrend line, then this setup is invalidated
Fever-Tree Drinks proving to be SOLID yet again!Fever-Tree Drinks LSE:FEVR performed well for me last year.
This is a fairly new stock, only floating on the UK stock market in December 2014.
Despite this, the stock has outperformed others which have a long track record.
After the strong move up over the past couple of years, price went into consolidation and
used the daily 200 moving average as support.
Finding strength recently, price has now managed to break through the resistance levels of the consolidation zones.
This is a stock that is back on my watchlist as this breakout could signify the start of another strong bull trend.
Any comments or questions, do not hesitate to leave them below.
Sublime Trading
FTSE volatilityTVC:UKX is looking to breach the Red Komo (cloud) on the Ichimoku. It hit the top resistance blue line and is now headed to the bottom support blue line around 7106. Could be a near term short play and the geo-political backdrop is reinforcing this (lots of bad Brexit news and retail sector suffering Toys R Us, Maplin have gone into administration and several companies including Foxtons have reported drops in profits). Medium term I'm expecting the volatility to continue in and around the range of the blue resistance and support lines.
Short FTSE trading below weekly 50 ema first time since June 16!Following the sell off in equity the FTSE broke below the weekly 50ema and formed a lower high on the daily chart. The past couple of weeks price has retraced to the 0,382-0,5 fib retracement and decelerated at the key S/R level of 7300. First target is around 7100, second target around 6900...
Earnings play pt.4BT is currently in a flag pattern, so is the RSI and the CCI.However, BT does not really show that much volatility in recent earnings reports. So, I would only be shorting till the 50 SMA.
UK100 Sell IdeaH4 - Bearish convergence, double wave correction, price broke below the uptrend line and is moving lower.
H1 - Double wave up with bearish divergence price broke below the uptrend line, We have a big double wave down and the second leg of this double wave has broken below the 100 fibo level. A flat correction has happened, price broke below the bottom of this range.
We may start looking for sells.
Sell AGK as it pops its head up againThis stock is in bear trend but has found some strength to recover some lost ground mainly due to general strength of the UK stock market. It's retesting the level of support from the wedge formation and should find resistance, terminating in a return to the downside.
UK100: FTSE100: Short and longer term Forecasts for 2108
FTSE 100 Index UK100 Short and Longer term Forecast for 2018
Fantastic straight-line break-out finally achieved by FTSE 100. Bull markets climb walls of fear. That wall is Brexit. FTSE
keeps climbing and pays the nay-sayers no heed. They are the most slow-witted fools remaining. But never forget, the
market needs mugs. The 80% losers pay for the 20% winners' dinners, most days. That's just the way the numbers fall.
The breakout has been one long green candle - but it's only got a little more upside to 7818 and/or to test the upper
parallel that contains the rally come Tuesday opening. Look to close out longs into the final move upwards - and if the
high at 7704 is not broken above early on - or price flips back to the lower parallel at arounnd 7634 and then goes on to
double top at 7704, then again, look to close at least half long positions if you see price stick at 7704 or just under on this
kind of price action. FTSE should then fall back to 7635 at least, and ideally back to the the big break-out levels at
7597-7580 at absolute lowest before it rallies hard once more, likely by this stage to move up through 7703 and 7818 to the
next important resistance potential at 8348 over the more medium term (first 6 to 8 weeks of new year, roughly)
Longer term views on both FTSE and SandP remain unchanged: Both indexes continue to climb their own
different walls of fear (Brexit and Trump). Both love the outcomes. Paradigm shifts. Complete game-changers, both
events. After 14 to 16 years of sideways to down markets we have begun the greatest secular bull run that many younger
investors will have ever experienced. Both markets are expected to rise at least 4 times and potentially 6 times from
start 2016 prices over the coming 14 years or so. Stay long if a long time holder and pay this forecast no heed whatsoever.
This is for day traders or for those wishing to get long here ready for an excellent 2018 in store - for this market in particular.
Super Long Term SandP secular analysis: