UK100 CFD
UK 100The UK 100 index is in an area where it is bounced twice, my vision is bearish as long as the price is below 7596.
UK 100 Sell IdeaD1 - Price broke at the bottom of the range.
H4 - Double wave correction happening. Price is inside the 38 – 50 zone, also we have bearish divergence happening at the moment.
H1 - False break and bearish divergence. Price respected both the magnet zones.
Once the price breaks the most recent trend line, we can look for sells.
FTSE SHORT PROJECT (H1/H4)Good day (and night :-)), All!
FTSE* FOREXCOM:UKXGBP has been moving within grand triangle structure since May 2017.
Currently, minor WW is shaping as the index bounced of point 4 and is heading North to point 5 (basically the wave is forming right in between the borders of the triangle).
Once successful and if major violet formation holds well, it can provide a very interesting opportunity to go short.
UK 100 *SELL*Let me know what you think of this one. lower highs with the trend broken and bearish price action..
Lets go!
FTSE 100 STILL BEARISH?Prices may be moving higher but for as long as my pattern stays intact, i remain a bear
UK100 - ShortUK100 looks like it may be starting a correction, finally. The move from Feb-16 seems over-extended to me. The 38.2 fib retracement from Feb-16 lows to current highs is around 6800. The 50% fib retracement from the Brexit lows to current highs is around 6668, so a nice confluence of support there. A deeper move to 6446 (the post Brexit breakout @ 61.8%) is also possible.
A short in the FTSE may also be accompanied by a squeeze in cable as sentiment and positioning favours a move to reverse.
Short from 7508
Two bearish scenarios First scenario - Breakdown of a trading channel and a continuation of the bearish move that started on June
Second scenario - Completion of a bearish Butterfly near the top of 2 trading channels (Inside the PRZ of the monthly pattern)
FTSE UK Stock Index (5 Aug 2017) *Upside LimitedCurrently is in Bullish Engulfing Candle.
Likely it will go higher for a time being but I want to warn you is that, upside may be limited.
It can swing up to 7540 as a retest but going is higher is unlikely.
It is early to call for short but I am seeing it will be more and more of Bearish signs to show up.
Trade Safe.
s0nic
Disclaimer :
This analysis not include personal feeling/opinion, and pure base on technical analysis
Trading foreign currencies can be a challenging and potentially profitable opportunity for investors. However, before deciding to participate in the Forex market, you should carefully consider your investment objectives, level of experience, and risk appetite. Most importantly, do not invest money you cannot afford to lose.
please inform me with post a comment if it reach some critical point/break pattern, reach target/reach stop level.
or if there is any question about this analysis/need new update.
Because im not monitoring this chart all time.
Bull Monday but resistance at 7420 and 7450Rise and dip today maybe, watching for resistance at 7420 to start with.
Asia and the ASX had a decent day putting in some solid rises across the board, and we closed Friday strongly so the indications are certainly there. I am watching 7420 and 7445 as the key resistance levels for the moment, and it will be interesting to see if the bulls manage to push above 7450. There are some signs that we could well range between 7350 and 7450 for the short term (next couple of days).
Of course, we are still in earning season, and the banks had decent results last week for Q2, so that will have an effect on price moves this week.
Bulls need to defend 7380 and 7405 nowYesterdays rise saw the crucial 7405 resistance level break. Bulls now need to defend this and also 7380. A break of this is likely to lead to 7300 and probably 7260.
With 7405 breaking we can safely presume that 7305 on Tuesday is the short term low and the bulls are now back in the game. The 2 hour chart is bullish again, with support also showing at 7385. Previous resistance there also becomes support.
All up to the bulls now but cable rising and oil falling is slowing the rise.
UK100 LONG PROJECT - 2 in 1Good day (and night :-)), All!
Major bullish green wave and supporting its formation minor yellow WW are currently taking shape and will most likely be formed within the next day.
Normally, I wouldn't trade such a wave alone, but with the support of lesser yellow one it's worth of giving it a shot.
I would like to underline that major green pattern can't (!) be considered to be a standard WW as I'm ignoring the spike which is forming minor yellow wave (point 2).
I chose such a form in order to keep the shape of green wave according to (more or less) classic pattern and as it also fits the minor WW.
The yellow wave is correct and can viewed as a valid formation completely on its own. The targets of both waves are located pretty close to each other.
However, I would expect the price to re-test previous resistance in 736x-737x area before reversal and if so, confirming (incorrect, but working) green major pattern.
Good luck and great trading!
UK 100 / FTSE 100 *SELL*Looking for this to drop 200 points over the next week or so. Have bearish price action over daily and weekly time frames as well as a break on the trend line.
Direct Line could be forming a large topDirect Line Group continues to trade within a medium term downtrend. In the last couple of sessions we have seen a rejection at the medium term trend resistance line and also the top of a range that has developed over the past few months.
This rejection is likely to trigger a move to the lower end of the channel at 332p.
332p is a huge support level that has held since July 2015. If this breaks to the downside, then I would expect to see a sharp move lower as large top pattern completes.
The shares rank towards the bottom of my fundamental model, scoring poorly on growth and profitability metrics.
My trade today is to sell on the open.
Target 1 is for a move to the bottom of the range at 332p, then if this breaks look for a move towards 245p over the medium term.
Stop loss on the trade is at 374p
FTSE100 bullish projectHello everyone!
FTSE100 is forming purple bullish wolfewave project on H4.
Prior to fallback to point V, I expect it to form a rising wedge/triangle (yellow) to retest line II-IV.
Good luck and profitable week!
My plan for the FTSE 26/04/2017First short with target 7135 (SL 7300) following 61.8% FIB as well as a possible gap close, then long with target 7455.
I advise to trade your own plan!
Good luck!
