H4 - Bearish convergence Currently it looks like a pullback is happening No opposite signs H1 - Bearish trend pattern Currently it looks like a pullback is happening Until the two strong resistance zones hold my short term view remains bearish here.
UK100 on support and 50% retracement on FIB level, we can see buy trade fron here. Manage risk accordingly to your appetite.
H4 - Bullish divergence Downtrend line breakout Bullish trend pattern Until the strong support zone holds I expect the price to move higher further after pullbacks.
The UK100 has reached a critical resistance level and is showing signs of being overextended, particularly on the daily time frame. I foresee a potential retracement and am currently seeking a short opportunity against the prevailing trend. For a comprehensive analysis of this setup, please refer to my recent video post.
#UK100 Observations: - Monthly and weekly charts indicate weakening bullish momentum. - Significant resistance encountered at a key level suggests a potential reversal. - 61.8 Fibonacci retracement zone identified as a logical downside target. Trade Idea: - Short position on the #FTSE. - Place stop-loss above recent swing high. - Primary target: Previous swing...
There is a head and shoulder pattern likely to form. I am waiting for the price to break out at the support zone, then retest it so that we can have a go ahead to place our position. I anticipate that the price might continue with the bearish momentum. My intended entry point is 7600, SL at 7630 and TP at 7500, thus R:R is 1:3.
Today's focus: UK100 Index Pattern – Continuation Pattern Support – 7629 - 7588 Resistance – 7720, 7916 Thanks for checking out today's update. Today, we have run over UK100, breaking down the overall price picture, levels, and patterns and incorporating moving average and RSI into the analysis. The primary focus of today's look at the UK100 is the current...
In this video, we undertake an extensive examination of the US100. In recent time frames, the NASDAQ has experienced significant bullish sentiment, leading to a substantial surge toward a crucial resistance level. Throughout the video, we explore the potential for a trade opportunity involving the FTSE. This analysis is based on a thorough evaluation of price...
Bullish Divergence formed on UK100 30mins, place your buy stop or wait for LH to break. Manage your Risk Accordingly!
Overall Uptrend on 1 Day Symmetrical Triangle on 4hr and 1hr Enter on breakout
ABCD Pattern forming and the fact that previous double dropped approx. 170 points, UK100 is expected to test support to reverse from 7260. Another fact is ABCD projection showing the exact support point @ 7260 The overall trend could still be bearish for next week, look for a second entry short to confirm, for now, a short-term sell till 7260 may work. Buy @ 7390...
Hi 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
Clear indication of sell. I will try by all means to keep posting more analysis, keep dropping likes and commenting.
In the 240-minute chart, due to the 5 descending wave movement to the range of 6315, there is a scenario that, we encounter 5 more downtrend waves. The corrective movement of these 5 waves have been completed in the range of 6793 and the first wave from point 3/C has been finished in the range of 6535. In wave 2, the Expanded Flat pattern is formed. By break down...
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UK100 is going to buy because we have a break of structure for potential upside movement, (DAILY STRUCTURE)