FTSENot looking good for the UK 100 here, looks like double zig zag followed by expanded flat.
Can loose 80% plus in the coming bear market
Ukx_setup
FTSE100 - UKX - WHERE TO NEXT?Where to next?
Quick trade idea! A break to either direction.
Trade Journal
Disclaimer: Not Financial Advice
FTSE 100 (UKX) | The best target for correction🎯Hello traders, FTSE 100 (UKX) in daily timeframe , this analysis has been prepared in daily timeframe but has been published for a better view in 2 day timeframe.
It should be said that this symbol has entered a new phase and this is a descending phase.
But in the definition of the previous trend, three waves are formed in a zigzag pattern, the last wave of which, the c wave, is explained.
This c-wave formed its leading waves in the form of a channel and in the shape of a triangle, and we said that this structure is completed when the purple trend line and the bottom of our channels are broken down, and this happened.
Now, based on our count, we have formed five waves, which we recognize as wave 1 or wave a, depending on the continuation of the process.
We are now waiting for the correction of this wave, which is confirmed by breaking the trend line and the green circle, and then continues to make a wave as small as the current wave.
🙏If you have an idea that helps me provide a better analysis, I will be happy to write in the comments🙏
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FTSE 100 (UKX) | Best point for sell🎯Hello traders, FTSE 100 (UKX) in daily timeframe , this analysis has been prepared in daily timeframe but has been published for a better view in 2 day timeframe.
All of these counts correspond to a larger wave that may have preceded a correction or triangle.
Based on a count, we are in a zigzag motion, and from this zigzag, waves a and b are over, and now we are inside wave c.
Wave c itself is formed inside a channel or a triangle, and from this pattern, waves 1, 2, 3, and 4 are completed, and now we are inside wave 5.
Wave 5, like the other waves of wave c, was in the form of three waves, and of these three waves, the last wave did not end, and the end of this wave is confirmed when the red circle or trend line is broken.
We do not know the amount of correction at the moment, but it is possible to correct up to around 6550.
If the warning signal range is broken upwards, wave 5 is larger than wave 3, in which case we have to re-examine the waves.
🙏If you have an idea that helps me provide a better analysis, I will be happy to write in the comments🙏
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FTSE 100 (UKX) | The best places to start a downtrend🔥Hello traders, FTSE 100 (UKX) in daily timeframe , this analysis has been prepared in daily timeframe but has been published for a better view in 2 day timeframe.
All of these counts correspond to a larger wave that may have preceded a correction or triangle.
Based on counting, we are in a zigzag motion, and from this zigzag, waves a and b are over, and now we are inside wave c.
Wave c itself is formed inside a channel or a triangle, and from this pattern, waves 1, 2, 3, and 4 are completed, and now we are inside wave 5.
Wave 5, like the other waves of wave c, is in the form of three waves, and of these three waves, the last wave does not end, and the end of this wave is confirmed when the red circle or trend line or the bottom of the channels is broken.
We do not know the amount of correction at the moment, but it is possible to correct up to around 6550.
If the warning signal range is broken upwards, wave 5 is larger than wave 3, in which case we have to re-examine the waves.
🙏If you have an idea that helps me provide a better analysis, I will be happy to write in the comments🙏
❤️Please, support this idea with a like and comment!❤️
FTSE 100 (UKX) | The best places to start a downtrend🔥Hello traders, FTSE 100 (UKX) in daily timeframe , this analysis has been prepared in daily timeframe but has been published for a better view in 2 day timeframe.
All of these counts correspond to a larger wave that may have preceded a correction or triangle.
Based on a count, you are in a zigzag motion, and from this zigzag , waves a and b are over, and now we are inside wave c.
Wave c itself is formed inside a channel or a triangle and from this pattern, waves 1, 2, 3 and 4 are completed and the instruments are inside wave 5.
Wave 5, like the other waves of wave c, is in the form of three waves, and of these three waves, the last wave does not end, and the end of this wave is confirmed when the red circle is broken.
We do not have an exact target for the correction rate at the moment, but it is possible to correct up to around 6550.
🙏If you have an idea that helps me provide a better analysis, I will be happy to write in the comments🙏
❤️Please, support this idea with a like and comment!❤️
FTSE 100 (UKX) | The best places to start a downtrend🔥Hello traders, FTSE 100 (UKX) in daily timeframe , this analysis has been prepared in daily timeframe but has been published for a better view in 2 day timeframe.
All of these counts correspond to a b wave at a higher time.
This wave b is formed in the form of a zigzag and from this zigzag the waves a and b are finished and the wave c is being formed.
From wave c, the microwaves 1, 2, 3, and 4 are formed in the form of a channel or triangle, and we assume that wavelet 5 is in wave c, and this wave is around Fibo 1.00 relative to wave a, and probably a sideways process for roofing is formed in this range. .
Either in the same range after the formation of the other two waves ends or after colliding with the upper side of the channel.
The descent will be confirmed when the channel floor and the red circle are broken.
🙏If you have an idea that helps me provide a better analysis, I will be happy to write in the comments🙏
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UKX A Great Selling Opportunity 🤨👌Trade Proposal:
There is a probability of first tp to the proposed ( 45000 ) Direction line. So, Traders can set orders based on Price Action and expect to reach short-term goals.
Technical analysis:
UKX is in Downtrend and It is Expected to Continue Downtrend.
FTSE 100 (UKX) | The best places to start a downtrend📍Hello traders, FTSE 100 (UKX) in daily timeframe , this analysis has been prepared in daily timeframe but has been published for a better view in 2 day timeframe.
All of these counts correspond to a b wave at a higher time.
This wave b is formed in the form of a zigzag and from this zigzag the waves a and b are finished and the wave c is being formed.
The c-wave consists of microwaves 1, 2, 3, and 4 in the form of a channel or triangle, and we assume that the 5-wave microwave is at the end of its motion process.
Either it ends in the same range after the formation of the other two waves, or it completes after hitting the upper side of the channel and the fall starts from that area.
The descent will be confirmed when the canal floor and red circle are broken.
🙏If you have an idea that helps me provide a better analysis, I will be happy to write in the comments🙏
❤️Please, support this idea with a like and comment!❤️
FTSE 100 (UKX) | The best places to start a downtrend🔥Hello traders, FTSE 100 (UKX) in daily timeframe , this analysis has been prepared in daily timeframe but has been published for a better view in 2 day timeframe.
The whole wave we counted corresponds to wave b at higher times.
This wave b is formed in the form of a zigzag and from this zigzag the waves a and b are finished and the wave c is also being formed.
From wave c, the microwaves 1, 2, 3, and 4 are formed in the form of a channel or triangle, and from the last wave, wave 5, one ascent to the rest of this ascent can be at the end of its process or it can continue up to Fibo 1.00 for wave c and then with Break the bottom of the designated channel to start the downward waves.
🙏If you have an idea that helps me provide a better analysis, I will be happy to write in the comments🙏
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FTSE 100 (UKX) | The best area to fall🔥Hello traders, FTSE 100 (UKX) in daily timeframe , this analysis has been prepared in daily timeframe but has been published for a better view in 2 day timeframe.
The wave we counted is actually wave b at higher times, it is zigzagged.
And this zigzag is in normal conditions in every way.
Wave c moves as much as wave a and is a good point for its end and the beginning of a new movement.
If the trend lines , ie the red circle, are broken downwards, the formation of a new wave will be confirmed, and we have specified the targets of this wave.
And if the upward warning range is broken, the end of wave c will be at higher Fibos.
🙏If you have an idea that helps me provide a better analysis, I will be happy to write in the comments🙏
❤️Please, support this idea with a like and comment!❤️
FTSE 100 (UKX) | The best area to fall🔥Hello traders, FTSE 100 (UKX) in daily timeframe , this analysis has been prepared in daily timeframe but has been published for a better view in 2 day timeframe.
According to the previous waves, this wave that we counted is wave b and wave b is formed in a zigzag pattern.
And we assume that this zigzag is over and wave c waves are formed.
We are inside wave 1 of wave c and wave 1 can be guessed to end at the bottom of the orange channel and wave 2 is formed as a reaction to this price floor and then wave 3 starts moving, which moves to 6500 in the first step.
This analysis is fielded if the previous ceiling is broken.
🙏If you have an idea that helps me provide a better analysis, I will be happy to write in the comments🙏
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FTSE100 - UKX - Potential short! FTSE100 (UKX) - Technical View:
Simple explanation today -
Pattern wise: Came out of a larger triangle formation towards downside support areas.
At this current moment of time - It is within the range of: Support: 6785 Resistance: 6830
Once broken out of the range below support levels which matches the 200 EMA as a great support area measuring the wedge range formed. If we break towards downside, I expect it to continue towards Fib Retracement area of: 1.618 which matches a nice support area as well as nice trend-line support too!
The way you could play this trade: WAIT for it to break out of the smaller formation of the wedge formed and take the pull back trade to the next support areas or simply feeling more confident add a limit order!
Remember: Follow your own trade plan and execute wisely.
Have a prosperous day ahead,
Trade Journal
(Just a trade idea, not a recommendation)
UKX Another drop is imminent as BREXIT deadline is approaching UKX
After the pandemic drop UKX is managed to gain back some of the earlier loses incurred during the initial nation wide lock down period. After the easing of
general restrictions and the hope of for economic recovery was started and UKX managed to rebound towards 6400.00 level. And the .50 Fibonacci retracement level
is acting as major barrier for the bullish trend.
As the deadline for BREXIT talks nearing the positive and the negative statement from both the parties will heavily weigh on UKX index. I am expecting that it will fall towards the Lower channel trend line where it will meet 5500.00 level which is a .786 Fibonacci level.
We can see a series of Higher low lower low and lower high pattern which is a clear sign of bearish trend. As the risk off mode kicks in the market the Global indices are eying the south
UKX may fall - high risk reward potential we fell below the trend line and I am trying to see if price can reject the line strong to the downside
#UKX ANALYSIS.. FOLLOW THE PATTERN!.. I think that there will be a long-term correction wave in the global markets on a macro scale, in this context, I think we will observe a pattern in #UKX as I mentioned in the chart.. Markets will become very interesting after 3,4 months, we will wait and see..
What I wrote is about strong possibilities that most investors do not express or expect.. Please do your own due diligence when it comes to trading.. Invest at your own risk..
I wish you all the best..
UKX approaching resistance, potential drop!UKX is approaching our first resistance at 7009(horizontal swing high resistance, 38.2% & 50% Fibonacci retracement , 61.8% Fibonacci extension ) where a strong drop might occur below this level pushing price down to our major support at 6746 (61.8% Fibonacci retracement , 100% Fibonacci extension, horizontal swing low support)
Stochastic (89,5,3) 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.
UKX approaching support, potential bounce!UKX is approaching our first support at 6768 (61.8% & 100% Fibonacci extension , 50% Fibonacci retracement) where a strong bounce might occur above this level pushing price up to our major resistance at 7045 (38.2% &50% Fibonacci retracement , 61.8% Fibonacci extension ).
Stochastic (34,5,3) is also approaching support where we might see a corresponding bounce in price.
FTSE 100 shortMy short-term bias is still bearish. I feel price will fall to at the least close the gap. I'm not confident this is a solid break of this short-term resistance as price has failed to take this level with any real conviction. Price is currently stalling at the 61.8 fib which I mapped out on the 1hr chart for this current retracement.
self explanatory
long UKX @ 1h @ trading capability for this 1st week `17This is only a trading capability - no recommendation !!!
Next week i`ll confirm or change my opinion about this SetUp :)
Buying/Selling or even only watching is always your own responsibility ...
Best regards
Aaron
