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FTSE 100 Index

FTSE - Stalled just in front of our entry level. Good enough?DAY TRADE - EXPIRES AT 9PM We were looking for a dip to buy today but the market appears to have stalled in front of our entry level. Is this good enough reason to get long? Overall we remain bullish. Trade Idea The overnight rally has been sold into and there is scope for further bearish pressure going into this morning. Bespoke support is located at 7465. Negative overnight flows lead to an expectation of a weaker open this morning. As this corrective sequence continues we look to set longs on a dip at better risk/reward levels. Further upside is expected although we prefer to set longs at our bespoke support levels at 7465, resulting in improved risk/reward. We look to Buy at 7465 Stop: 7425 Target 1: 7545 Target 2: 7600
OANDA:UK100GBPLong
by Signal_Centre
2
FTSE 100 Index Chart (UKX) Bullish & Bearish ScenariosHello my dear readers, here we would like to take a look at two different scenarios FTSE 100 Index Chart (UKX). Let's start with the bearish scenario because this is the one that is in play right now... Feel free to hit like to show your support. Looking at the chart above, we can notice a huge descending channel (bold brown dashed line) and we have two rising wedges. The first rising wedge resulted in very strong drop after the FTSE 100 broke below EMA10, this is marked with a red arrow. The second rising wedge is in play now and the FTSE 100 already broke and closed below on EMA10 (green), EMA50 (magenta) and EMA100 (blue) lines. Taking this into consideration and the bearish indicators, MACD and RSI, the FTSE 100 Index has high probabilities to continue falling, this is represented with another red arrow. The dashed green and red lines at the bottom represent the last low and strong support. Conditions for change: Now we take a look at the bullish scenario. If the FTSE 100 (UKX) can break above EMA10, it has the chance to continue going up. Any trading below this indicator and the bearish potential remains. We believe based on the chart as it is now, that the FTSE 100 can continue falling. Thanks a lot for reading. This is Alan Masters. Namaste.
TVC:UKXShort
by AlanSantana
FTSE100 - Indices Trading | Elliott Wave Structures | Q2 2019*Please support this idea with a LIKE if it helps you. Thanks! More details about me in my signature. FTSE100 - Elliott Wave Outlook Bearish Swings - Patterns: Flat Structure in Cycle Wave IV (green) Primary A (turquoise) - Simple Correction Primary B (turquoise) - Complex Flat Primary C (turquoise) - Bearish Extension Bullish Swings - Patterns: Leading Diagonal in Intermediate (A) (blue) Next expected swing: Bearish sequence in Intermediate (B) (blue) Structure change: Breach of the lower trend-line could lead towards Intermediate (B) (blue) already in play.
TVC:UKXShort
by Lionheart-EWA
Elliott Wave View: Short Term Support in FTSEShort term Elliott Wave view in FTSE calls the move lower to 7150.9 on May 13 as wave A. This suggests that the move lower from April 23 is unfolding as a zigzag Elliott Wave structure. Wave B bounce is currently in progress to correct cycle from April 23 high before the Index turns lower. Internal of wave B is unfolding as another zigzag Elliott Wave structure in lesser degree. Up from 7150.9, wave ((a)) ended at 7360.34 and wave ((b)) ended at 7267.84. Wave ((a)) unfolded as 5 waves where wave (i) ended at 7264.18 and wave (ii) ended at 7223.08. Index then resumes higher in wave (iii) which ended at 7353.51, wave (iv) ended at 7307.33. and wave (v) of ((a)) ended at 7360.34. While short term dips stay above 7269.33, expect Index to extend higher. Potential target for wave ((c)) of B comes at 100% – 123.6% extension of ((a)) which is 7477.9-7527.39. Index also should not break above May 13 at 7528.93 or else it will open further upside. If Index instead breaks below 7267.84, then either wave ((b)) is unfolding as an expanded Flat structure or wave ((c)) of B truncates and Index has turned lower.
TVC:UKXLong
by Elliottwave-Forecast
FTSE 100 Finding Further WeaknessLast post: May 7th 2019. See chart . Review: Price was showing short-term weakness and was at the daily 50 simple moving average . Update: Since then price has shown further weakness and is approaching a strong monthly support level. Conclusion: We need to see how price reacts to this support level. A break through support and we may see further weakness. A bounce off support and price may resume the uptrend. Any comments or questions, do not hesitate to leave them below. Give us the thumbs up if you share our sentiments! Sublime Trading
TVC:UKXShort
by Sublime_Trading
FTSE comparison with 2015The shape of the FTSE100 chart in 2018 bear similarities with that of 2015. The top is more rounded than SPX. The turmoil over the forthcoming Brexit execution on Mar 29, 2019 makes this a less attractive market than other non-US indices. Note that the fractal predicts a low of 3896, almost exactly 50% down from the top. This compares well with the 53% drop in 2001-03 and the 51% drop in 2007-09. This is all dependent on a bear market developing globally. FTSE is behind the curve on this, probably buoyed up by weak GBP. But GBP is also behind the curve on rate hikes. If a bear market does develop, traders need to know the 'shape' of it, ie where the rallies will reach for short entry.
OANDA:UK100GBPShort
by adatherton
FTSE100 - Market Crash Cycles | Indices | Macro Trends*Please support this idea with a LIKE if it helps you. Thanks! More details about me in my signature. FTSE100 has been labeled within a Grand Super-Cycle degree wave IV (blue), which has been unfolding ever since the Dot-Com bubble. Structure - Expanding Flat Formation 2000 peaks and down until 2003 bottoms - Super-Cycle wave (a) (red) 2003 bottoms up until 2007 tops - Cycle wave a (black) 2007 tops and down until 2009 lows - Cycle wave b (black) 2009 lows and up until present times - Cycle wave C (black) Cycle C (black) Pattern - Ending Diagonal Sequence - 5-Wave Sequence, with Primary Waves 1 2 3 4 5 (green) decomposed as Intermediate (A)(B)(C) (blue) Current Position Primary Wave 5 (green) Next expected swing Bearish sequence in Intermediate (B) (blue) Market Crash Forecast Support granted at or around the 7000.00 mark and then a bull run towards the 9000.00 levels, where the Super-Cycle Wave (b) (red) is expected to complete.Super-Cycle Wave (c) (red) would reflect the next Larger Degree Recession. Structure change Breach of the lower trend-line of the Ascending Channel could reflect the fact that the Market Crash already started.
TVC:UKX
by Lionheart-EWA
1
Elliott Wave View: Further Strength in FTSEElliott Wave view on FTSE calls the rally from February 28, 2019 low (7041) as an impulse Elliott Wave structure. An impulse is a 5 waves structure with wave 1, 3, and 5 all subdivide in 5 waves of lesser degree. Up from 7041 low, wave 1 ended at 7370.6 and wave 2 ended at 7146.29 and Wave 3 ended at 7477 peak. Up from 7146.29, wave ((i)) ended at 7222.64, wave ((ii)) pullback ended at 7160.14. Index resumes rally in wave ((iii)) at 7461.39, and wave ((iv)) ended at 7420.41 and wave ((v)) of wave 3 ended at 7477. Index should now pullback in wave 4 before the rally resumes in wave 5. Wave 4 should correct wave 3 rally from 7146.29 low. We don’t like selling the Index and expect buyers to appear to buy dips in 3, 7, or 11 swing as far as pivot at 7146.29 low stays intact.
TVC:UKXLong
by Elliottwave-Forecast
1
FTSE 100 Remains Bullish Going Into AprilLast post: March 18th 2019. See chart . Review: Price had just broken through the daily 200 simple moving average and we were waiting to see whether price would remain above it. Update: Price did move below the daily 200 simple moving average but has since moved back above it and is looking strong. Conclusion: We want price to continue to create higher highs and higher lows. Any comments or questions, do not hesitate to leave them below. Give us the thumbs up if you share our sentiments! Sublime Trading
TVC:UKXLong
by Sublime_Trading
FTSE 100 Breaks Above the 200 Simple Moving AverageLast post: December 6th 2018. See chart . Review: Price was looking bearish after breaking through the strong support level. Update: The bias is now bullish as price is currently trading back above the daily 200 simple moving average. Conclusion: As long as the bullish momentum continues, the UK stock market is likely to form a lot of bullish trends which we will be taking advantage of. Any comments or questions, do not hesitate to leave them below. Give us the thumbs up if you share our sentiments! Sublime Trading
TVC:UKXLong
by Sublime_Trading
SELL YOUR HOUSE AND GO LONG hahaYou can see from our support line ( green line ) that this is a VERY strong level that price has bounced of many times, Price has also bounced off this level this week and we can see a run up to our resistance zone ( green box ) Of course surrounding Brexit and businesses not knowing how the deal or no deal will affect them and trading then you have to be cautious trading the FTSE 100 as this is comprised of 100 companies listed on the London stock exchange with the highest market capitalisation, So any laws that stop these businesses earning will drastically affect the FTSE 100 price. We suggest trading this with a very tight SL, but we can see this been a very nice opportunity to go long and make some decent money. p.s don't actually sell your house you moron ;p
TVC:UKXLong
by ApexFX_Pro
UKX Reversed Off Resistance, Prepare For Further DropFTSE 100 approached our first resistance at 7233 (horizontal pullback resistance, 50% Fibonacci retracement , 61.8% & 100% Fibonacci extension ) where a strong drop might occur below this level pushing price down to our major support at 6961(38.2% Fibonacci retracement , Horizontal pullback support, 100% Fibonacci extension ) Stochastic (55,5,3) is also approaching resistance where we might see a corresponding drop in price. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
TVC:UKXShort
by FlowState
Elliott Wave View Suggest FTSE Close To Reaching ExtremeFTSE short-term Elliott wave view suggests that a rally from 12/27/2018 low (6536.53) is unfolding as a zigzag structure where initial rally to 7001.94 high ended wave A in 5 waves structure. Down from there, wave B unfolded as a Flat correction where wave ((a)) ended at 6841.74 low. Wave ((b)) bounce ended at 6987.93 high in lesser degree flat correction. Wave ((c)) ended in lesser degree 5 waves at 6732.33 low, which also completed wave B pullback. After reaching the blue box area at 6785.66-6658.34 100%-161.8% Fibonacci extension area of ((a))-((b)). Up from there, wave C remain in progress as impulse structure where wave ((i)) ended at 6994.88 high. Wave ((ii)) pullback ended at 6945.05 low ((iii)) ended at 7186.5 and can soon end wave ((iv)) looking for more upside towards 7191.16-7473.95 100%-161.8% Fibonacci extension area of wave A-B to reach the extreme from 12/27/2018 low. Afterwards, index is expected to resume the downside or should do a 3 wave pullback at least. Near-term cycle from 12/27/2018 low is mature already with a minimum number of swings in place so it can also deny the last move higher in wave ((v)) and can be completed already but as far as a pivot from 6732.33 low expect index to extend higher.
TVC:UKX
by Elliottwave-Forecast