UK100 LONGJUST THINKING OF THIS INDEX TO CONTINUE GOING UP SINCE THE PRICE IS AT RETRACEMENT AT THE MOMENT BUT WHEN THE MARKET OPENS IT WILL RESIST ABIT THEN GOING UP,
for those who have entered the market keep on holding the trade till tp
UK100 trade ideas
buy uk 100 A very strong opportunity in uk 100 is available to enter now if you suffer a loss in the field for a long time. Follow me and you will not regret
buy uk100A very strong opportunity in uk 100 is available to enter now if you suffer a loss in the field for a long time. Follow me and you will not regret
FTSE Elliott Wave Analysis for Thursday 13/07/2023In the higher timeframe, we are doing a pullback. Also, the lower timeframe looks bearish. We see an opportunity for a short trade today.
h+S breakdownmonthly chart shows price @ the upper band
of the range. (short)
and daily chart showing h+S pattern
sell this baby. all indices are looking toppy.
Governments trying to prop up asset prices by
flooding the economy with cheap money.
there aint no such thing as a free lunch.
if asset prices keep rising.... a loaf of bread will be
$100 in a few years.
FTSE Elliott Wave Analysis for Wednesday 12/07/2023In the higher timeframe, we are doing a pullback. Also, the lower timeframe looks bearish. We see entries for both a long trade and short trade today. We wait for more data to see which trades we can enter.
Trials for the UK Stock Market ContinueYesterday, the head of the Bank of England, Andrew Bailey, spoke about the need to complete the work on suppressing inflation, which is now higher than in any other major country in the West. Market participants expect that at the next meeting of the Bank of England (it will be held on August 3) a new increase in interest rates will be announced.
Bailey's last words boosted the value of the pound, which set a year high against the US dollar this morning. On the other hand, the stock market is dominated by negativity. The price of the FTSE 100 index is near the low of the year, while providing evidence of bear dominance for a long time:
→ level 7,680 has ceased to be a support, and has already worked as a resistance;
→ the level of 7,450 has ceased to be a support, and, perhaps, will continue to provide resistance;
→ having reached support around the level of 7,230, the price has not yet shown signs of a confident recovery over the past four trading sessions.
This suggests that selling pressure is present and could push the FTSE 100 price down to the low of the year that was set on March 20th.
This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
FTSE Elliott Wave Analysis for Tuesday 11/07/2023In the higher timeframe, we are doing a pullback. Also, the lower timeframe looks bearish. We see entries for both a long trade and short trade today. We wait for more data to see which trades we can enter.
UK100 Bullish Move aheadUK100 is showing bullish signs after confirmation of Double Bottom and Bullish divergence
uk100 daily swing trade setup tp bulls +765 points🔸Hello traders, today let's review the daily chart for UK100. Recently solid gains and we
re-tested the ATH however correction/pullback in progress now. rejection near 7900.
🔸This is a setup based on repeat price fractal. 7615 heavy resistance overhead, right now
we are trading at 7265, pullback in progress and expecting further losses this week/next week.
key supports / reload zones for bulls below: at 6850 and 7000. expecting correction to
complete in 1-3 weeks and then we should be ready for a bounce play.
🔸recommended strategy bulls: wait for pullback/correction to complete near
reload zones and be ready to buy low. SL fixed at 6750. TP1 +400 TP2 +765 points
final TP bulls is 7600/7615. swing trade setup / patience required. good luck!
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FTSE Elliott Wave Analysis for Monday 10/07/2023In the higher timeframe, we are doing a pullback. Also, the lower timeframe looks bearish. We see entries for both a long trade and short trade today. We wait for more data to see which trades we can enter.
Turmoils in the UKThe British benchmark index is in a rapid decline.
However, the market tends to simply "slip through" only in exceptional conditions, which I do not currently see in the overall market. There is a chance that there will be a short-term reversal at the March 2023 lows .
We place the SL a bit below the low so that we get a reasonable CRV of 3:1 .
In the longer term, it is likely that the FTSE will head for the area around 6,850 . There is a lot of liquidity down there and it wants to be cleared.
Therefore, there is also a short setup in the chart.
UK100 Long Trade AnalysisPlace buy stop above trendline on UK100 or wait for trnsline to break to get entry.
Manage your risk accoring to account size.
FTSE Elliott Wave Analysis Higher Timeframe (07/07/2023)The pullback in the higher timeframe is ongoing. We had 5 waves up as an impulse in the weekly and daily. Investors should wait for the completion of the pullback to buy. Traders should analyze the lower timeframe.
FTSE one shotThis won't be interesting. I need just one good entry point out of this. Spikes or candlestick patterns near the shapes. Continuation confirmation, or reversal. Breakout or fallout.
UK pumpI hope it's not too much, I know there are many drawings in this picture. I also hope, that once the future happens, everything will make much more sense. This is a vision inspired by what would or should or might. Happen.
FTSE, An opportinity for a lower high setupUK100 / 4H
Hello traders, welcome back to another market breakdown.
FTSE has been reversing making new lows, the price is in pull-back mode now which is an opportinity to get on the current trend. I'll be studying a position around the sell zone showen
on the chart.
Trade safely,
Trader Leo.
FTSE 100 Drops Below June LowEarlier we wrote about the reasons for the weak behavior of the UK stock market.
Firstly, it is the highest inflation among the G7 countries.
Yesterday JP Morgan analysts suggested that the base rate in the UK could be raised to 7% under certain scenarios. And the likelihood of a hard landing for the British economy next year is rising due to the impact of rising borrowing costs on business confidence and rising unemployment.
Secondly, this is a decline in commodity prices, which is important for the FTSE 100 index, where the share of oil and mining companies is relatively large. Commodity prices reflect expectations of a global economic growth outlook that has been overshadowed by news from China. There, according to the latest data, activity in the services sector in June grew at the slowest pace in 5 months.
At the same time, the FTSE 100 chart gives hope to the bulls, as the price of the index is at the level of the lower line of the descending channel (shown in red), which, it is possible, will show support properties for the FTSE 100, which may lead to a slowdown in the fall or even a short-term rebound.
This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
FTSE Elliott Wave Analysis for Thursday 06/07/2023In the higher timeframe, we are probably doing a pullback. Also, the lower timeframe looks bearish. For today, we do not see a trade. Traders should wait for the next ABC up and then initiate a short.
FTSE Elliott Wave Analysis for Wednesday 05/07/2023In the higher timeframe, we are probably doing a pullback. Also, the lower timeframe looks bearish. For today, we see an opportunity to go short (with the main direction). Traders should wait for a clear ABC up and then initiate a short.
FTSE Elliott Wave Analysis for Tuesday 04/07/2023In the higher timeframe, we are probably doing a pullback. Also, the lower timeframe looks bearish. For today, we see an opportunity to go short (with the main direction). Traders should wait for a clear ABC up and then initiate a short.
