UK100 trade ideas
uk100 shortprice has been ranging between bottom resistance @6780.2 and top resistance @7917.9 on a daily timeframe. 0n the 1hour timeframe there is a small resistance at 7636.6 which price retested in an ascending channel. On the 15min there is a flag which I'm using as entry with stoploss at 7661.7 and take profit at 7465.2
UK 100 ANALYSISThe Leading Diagonal was done when the market hit a record high of 8052.93 on 13 Feb 2023. On the weekly charts, the market closed with a strong Bearish Pin Bar indicating early signs of change in market psychology and a rise in selling pressure. The risk is to the down side.
FTSE100 Bottom formed. Buy opportunity.FTSE100/ UK100 is forming a Bottom on a 1 year Support Zone. The RSI is also bottoming out.
Target 7820 (+8.70% rise0>
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UK100GBP(FTSE)British stock market index
As you can see, the British index returned to the upward trend in the one-hour time frame with the support of 7350, it can rise to the resistance of 7600, and if the number 7600 to 7639 is broken, the upward trend will continue and rise to 7900, but if it cannot break 7600, the downward trend will continue.
Buy
7569
7640
7710
7900
sell
7500
7410
7336
short FTSE under 8000, double top+ evening star on monthly The monthly is heavy it will print bearish
Failure of 8000 is a major event, even though its a busy chart
The trendline is 2 points right now; follow PA on monthly/weekly
uk100 trade idea
not financial advice. no trade taken at the moment
this idea is taken by fibs and possible retracements. any questions ask below
FTSE Update Pre BOEHey Traders,
The FTSE has been wildly moving between extremes.
We can now look further at key PA levels.
Watch for more.
FTSE 100 | UK 10 | DECRYPTERS Hi Welcome to Decrypters
Simple reasons to Buy
Liquidity Raid
Fib retracement
Weakness in Forex Pairs
Daily 200 EMA
Can it move up when rates go up?Interesting spot
- I think that the footsie 100 could go when yields are going up again.
- Levels are tested and looks like false breakdown.
- Indicators are bullish too.
FTSE in hot waterClosed with a hang man candle here.
Pattern in yellow trendline was a broadening wedge which sent Ftse into ATH.
Anything that rises this fast usually forms a rising wedge.
Looking for a correction down to 7400-7500 or retest former resistance this spring
FTSE HIT A NEW ALLTIME HIGH DEGATIVE/ RSI SPOT ON I need not remind you it is a worldwide thing Deflation cycles
Has FTSE formed a swing low?UK100 - Intraday -
Previous support located at 7600.
Previous resistance located at 7650.
Price action has continued to trend strongly lower and has stalled at the previous support near 7500.
Price action looks to be forming a bottom.
Risk/Reward would be poor to call a buy from current levels.
A move through 7650 will confirm the bullish momentum.
We look to Buy at 7521 (stop at 7456)
Our profit targets will be 7681 and 7711
Resistance: 7650 / 7700 / 7750
Support: 7600 / 7500 / 7400
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UK100 GB Weekly DOJI candle, reversal of the trend SHORT Hello fellow traders,
This analysis is a continuation of my earlier short position which was closed and waited for the signal to re-open and as you can see weekly Doji candle indicates the reversal of the rising trend, resistance zone above as s/l and support being the target of t/p- Risk reward- 1: 3.6 !
This is just my idea not a trading advise, always protect your losses with a s/l you can handle without tearing your hair :D
Impulsive Elliott Wave Decline in FTSE Calling More DownsideFTSE ended cycle from 3.16.2020 low with wave I at 8047.06. The Index is now in the process of correcting this 3 year rally in wave II. The internal subdivision of wave II is unfolding as a zigzag Elliott Wave structure. A zigzag structure is a 5-3-5 structure with ((A))-((B))-((C)) as the label. Wave ((A)) and ((C)) in this case subdivides into 5 waves impulse. In the 1 hour chart below, FTSE is still within wave ((A)) of II with subdivision as 5 waves. Down from wave I, wave 1 ended at 7978.61 and wave 2 ended at 8020.13.
The Index then resumes lower in wave 3 towards 7870.39, and wave 4 ended at 7949.97. Final leg lower wave 5 ended at 7854.82 which completed wave (1). Rally in wave (2) ended at 7976.48 with subdivision as a zigzag structure. Up from wave (1), wave A ended at 7950.69 and pullback in wave B ended at 7875.03. Wave C higher ended at 7976.48 which completed wave (2). The Index resumes lower in wave (3). Down from wave (2), wave 1 ended at 7897.45 and rally in wave 2 ended at 7959.77. Expect the Index to extend lower 1 more time to end wave 3, then it should rally in wave 4 and extends lower again. Near term, as far as pivot at 7976.48 high stays intact, expect rally to fail in 3, 7, or 11 swing.
FTSE 100 SELL (UK100 INDEX)Hi there.
Price is moving impulsively to the downside.
Wait for the price to complete the pattern and watch strong price action for sell.
