UK100 (FTSE)-Weekly forecast, Technical Analysis & Trading IdeasMidterm forecast:
8380.25 is a major support, while this level is not broken, the Midterm wave will be uptrend.
Technical analysis:
The ascending flag taking shape suggests we will soon see another leg higher.
A trough is formed in daily chart at 8006.10 on 12/20/2024, so more gains to resistance(s) 8664.21, 8765.00, 9000.00 and more heights is expected.
Take Profits:
8083.43
8183.03
8242.89
8380.25
8485.05
8664.21
8765.00
9000.00
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ForecastCity Support Team
Uk100long
Made in England.. FTSE 100 Triangle BreakoutFinally the long term triangle pattern in blue chip UK stocks has broken - and the weekly chart for the FTSE 100 index is looking very positive.
The breakout weekly candle is a long one with a close right near the highs - showing bulls are well in control of the market.
We can see the triangle break in more granular detail on the daily chart with the break confirmed on Thursday and a strong follow-through move on Friday.
Support is found first at the former all time high (8450-8475) then back at the broken trendline from the triangle pattern.
These support levels define our risk - the price back inside the triangle will inform us the breakout has failed - this time at least.
But if things move as we expect, using the height of the triangle pattern as a price objective from the breakout point, the UK 100 could reach 9,000.
But - as always - that’s just how the team and I are seeing things, what do you think?
Share your ideas with us - OR - send us a request!
Comments welcome :)
cheers!
Jasper
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UK100 - shall we enter before the UK MARKET openingTeam, the market is heavily sold off last night
that is the reason why we found an opportunity to enter some long-term position
LONG/BUY UK100 at 8098-8105
adding more at 8076-85
STOP LOSS at 8030 extension to 8015
Target 1 at 8136-45 - please take some partial and bring stop loss to BE
Target 2 at 8165-76
Target 3 at 8193-8215
Bullish bounce?UK100 is falling towards the pivot that aligns with the 61.8% Fibonacci retracement and could bounce to the 1st resistance.
Pivot: 8,191.43
1st Support: 8,140.90
1st Resistance: 8,284.80
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Falling towards overlap support?UK100 is falling towards the pivot and could bounce to the 1st resistance which is a pullback resistance.
Pivot: 8,199.44
1st Support: 8,071.06
1st Resistance: 8,404.02
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
UK100 - WHAT SHOULD WE DOTeam, with the UK100, we killed 2-3 times yesterday.
let be very careful today,
we are looking to enter long UK100 at 7682-86
and would consider adding more 7960-7976 ranges,
STOP LOSS at 7920-26
Our target 1 - 8005-8015
Target 2 at 8036-45
Target 3 at 8076-84
Once it hits our first target, please take some PARTIAL and bring stop loss to BE.
UK100 - TIME TO ENTRYTeam, apologies for late post
We should send out earlier to entry LONG UK at 8030 ranges
however never too late.
Here are some rules and strategy for the UK
entry now at 8030-8040 ranges
add more at 8016-8006
double up at 7960-7976
STOP LOSS BETWEEN 7915-32
Remember to have some room for stop loss, you can reduce the volume.
Target 1 at 8076-86
Target 2 at 8105-8115
Target 3 at 8135-65
Please note: take some partial at 1st target and bring stop loss slowly
UK100 - SHOPPING TIME IS OVERTeam, yesterday we went long UK with target hit
as Today, I expect the downtrend hit toward 8080-65
So please enter slowly with RISK MANAGEMENT
Our target is 8096-8115 - TAKE SOME PARTIAL and bring stop loss to BE.
Target 2 at 8132-46
Target 3 at 8178-96
We play our STOP loss far away at 8035, if it hit stop loss RE-ENTER again. with another 30 points stop loss
UK100 - it has been a whileTeam, with the UK100, we have not been trade since last week
we want to want for the RATE announcement
today 25% basic points is off the market
ENTER long/buy at 8150-55
We will consider add more at 8115-30
We need to move our stop loss far so we can move back once it it hit our first target like 8080-8065
Target 1 at 8180-82 - once it hit our target - take partial and bring stop loss to BE
Target 2 at 8225-40
Target 3 at 8245-65
Remember to enter slowly with RISK management.
UK100 PREPARTION AND TIME TO KILLTeam, yesterday's market was very volatile, but we managed to make some profit and set our stop loss at BE.
Today, we will have our entry at the current market price at 8155-62
We will add more at 8130-35 - WHY? We could see (markets marker) trying to spike down to hit stop loss and then moving back quickly, so we want to catch that.
So our stop loss will be at 8115
Our Target 1 - 8186-88
Target 2 at 8206-12
Target 3 at 8232-46
We are expecting this week or next week; the price should be back toward the 8260-8320 ranges.
NOTE: Once the price hits our first target of 8186-88, bring the stop loss to 8145 or BE. We will be booking 50% profit at this level.
UK100 - lets KILL THE BEAST againTeam, yesterday's market was very volatile, but we managed to make some profit and set our stop loss at BE.
Today, we will have our entry at the current market price at 8155-62
We will add more at 8130-35 - WHY? We could see (markets marker) trying to spike down to hit stop loss and then moving back quickly, so we want to catch that.
So our stop loss will be at 8115
Our Target 1 - 8186-88
Target 2 at 8206-12
Target 3 at 8232-46
We are expecting this week or next week; the price should be back toward the 8260-8320 ranges.
NOTE: Once the price hits our first target of 8186-88, bring the stop loss to 8145 or BE. We will be booking 50% profit at this level.
UK100 - WE HAVE TWO STRATEGY TODAY TODAY!Team, yesterday we hit all targets for UK100; we killed the BEAST.
Today, we have reviewed our strategy,
Strategy 1 - we wait for UK to hit above 8220-24, then we enter LONG with stop loss at 8205
Target at 8242-46 and 8256-63
Strategy 2 - Because we do not want the BOT (market maker) to hunt for STOP LOSS,
We will wait for the price to hit 8176-7182; we can ENTER long, With STOP LOSS at 8160-56
Target at 8226-32 and 8245-56
UK100 to find support at market price?UK100 - 24h expiry
Price action looks to be forming a bottom.
This is positive for short term sentiment and we look to set longs at good risk/reward levels for a further correction higher.
Dip buying offers good risk/reward.
We look for a temporary move lower.
Further upside is expected although we prefer to buy into dips close to the 8175 level.
We look to Buy at 8175 (stop at 8135)
Our profit targets will be 8275 and 8295
Resistance: 8480 / 8570 / 8720
Support: 8010 / 7870 / 7725
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