The big London bubble Bear trap section in 2008. Greed into delusion as people buy stocks in companies that are closed. New paradigm as retail comes under the impression they have taken over the market. And now, it looks like we're into the decline. Shortby holeyprofitUpdated 224
Maybe time for a correction? Follow up to: Action since the original forecast has been highly supportive of a Return to Normal phase. We've bounced back to apporx the level shown for it and held a shallow range around there. Something seen many a time before a breaking market. Maybe it's time for these moves to play out. Shortby holeyprofitPublished 3
Rallis India Ltd *_Rallis India Ltd._" *W* Formation in Making on Monthly Basis. Targets basis Fibonacci Retracement. Rounding Bottom Completion @320 levels. Post this, if Sustains, May see 640+ levels. Trail SL with Upside. Book Profit as per Risk Appetite. Do Your Own Research as well. This is an Opinion. Happy Investing 😇 Longby IdeasNeosagiPublished 3
LSE - Sell Signal Sell signal in London Stock Exchange. I see from my time cycle indicator, that top of the cycle is almost there, and downward movement should star from today.Shortby Dr_AtulGoswamiPublished 7
Breakout about to happen on London Stock Exchange Group (LSEG)Price movement is primarily trapped inside the triangle formation, however if we examine under the bonnet, the most recent lows are high lows, that being said, the corresponding highs are a mixed bag. The bias for the direction of possible break out is, therefore, slightly tilted towards the upside.Longby FxCloudTraderPublished 3
Bull trap could be in for LSE.Reference to the previous post linked below. The last rally took us right up to the area marked "Return to Normal" and then we had a strong rejection of it. Next we'd be looking for fear (usually followed by fast rally)- and then down she goes. Shortby holeyprofitPublished 5
LSEG looking leggy - SELLREASONS TO BE BEARISH Recently lost the 100 week SMA and just re-tested it for resistance Fell out of the exponential green top zone in March 2021 As far as the RSI is concerned, broke into the bear zone (below 40) and confirmed it for resistance failing to reclaim 60s Target of 2,700p would coincide with the 0.618 fib retrace of the entire move from March 2009 This would take us back to Jan 2017 levels Only saviour for the bulls would be to reclaim the 100 week SMA, given we are still in the upper-half of the exponential channel That said, with only air below, I don't see the mid-point of the channel (at 6,400p) holding in the months ahead... Not a terrible risk/reward entry for a short from these highs.... Shortby DigiDavidPublished 110
Long LSE Down to 76 fib. Up off 76 fib. I buy 61 fib retests. Another bread and butter style trade. Stop under 76 because if we get there it's not working. Longby holeyprofitPublished 1
London Stock Exchange**This is a re-post of the London Stock Exchange (now LSEG, LSE previously) idea (below). Tradingview help-desk were unable to attach the idea to the new ticker symbol. So far price action is down almost 30% since original post in January.** A 2300% gain and following overbought condition (green column) there now exists a 16 month bearish divergence between price action & RSI on the above 10-day chart. Time to collect profits. Sell out between current price action until 10.5k, no rush. Target price? For as long as the RSI resistance exists price action will likely fall through and until 2023. 1st target 4400 2nd target 2000 Fundamentally as a business LSE provides a variety of financial services. Many of them to EU located individuals and businesses. Since the UK left the EU much of that trading business has and/or will continue to move to another EU country. As the UK opted for self inflicted economic sanctions (a world first?), charts are now showing a number of EU owned UK based businesses with similar divergences. Most notable within Financial services and Engineering businesses. Shortby without_worriesUpdated 335
25% opportunity in focus - LONDON STOCK EXCHANGE price analysisHello all, Today I'm going to take a look at the chart of the London Stock Exchange: - The price is currently in a sharp correction - The price is in an overriding upward trend - The last correction was similarly dynamic, but it was stopped at the golden pocket and then the price was able to mark a new high. - An upward trend channel seems to be established The plan: - I would like to enter long at the golden pocket of the last rally. - The supposed trend channel serves as cross-support here - Definition of two target zones - If the weekly closing price falls below the trend channel and the golden pocket, the idea is off the table. Buy zone: 80 - 83 points Target zone 1: 103 - 105 points Target zone 2: 138 points With this in mind, Good luck & Keep it simple Max Longby CRV_TraderPublished 4