FTSE Elliott Wave Analysis for Wednesday 13/09/2023As expected we took out the high and the correction up looks complete now. This means wave X can be finished and we should see more downside as a wave Y. However, aligned with the US indices, we expect another corrective leg up.07:49by AndyCuckoo1
FTSE Elliott Wave Analysis for Tuesday 12/09/2023As expected we went back into the wave X area to take out the previous high. This means we get an additional correction up as a wave X. This correction up does not look complete yet. We need at least one more high. Wave X up should be followed by further downside as a wave Y.05:47by AndyCuckoo112
UK100 Bullish SeptemberDaily chart of UK100 is expected to Break up weekly resistance and trendline to follow a Bullish September Seasonal behaviour. Take Long positions after retest and new orderblock formation Dow theory HHs HLs: Bullish Candlestick Pattern : Bullish forming three soldiers Support &Resistance: Orange line formed on Weekly chark Trendline: Resistance approaching expected to breakup Fibonacci: Bullish Touched 50% on daily Seasonals: Bullish Divergence: Bullish on 4hr Pattern: Bullish Penant on DailyLongby maberl110
FTSE Elliott Wave Analysis for Monday 11/09/2023 (+ Higher TF)For traders (lower timeframe): The primary expectation is now that we will go back into the wave X area to take out the previous high. That would mean we get an additional correction up as a wave X. This move should be followed by further downside as a wave Y. For investors (higher timeframe): In the higher timeframe, investors should wait till the higher degree WXY correction is finished. It is still early but we are approaching the first relevant areas.14:51by AndyCuckoo1
Decoding FTSE 100: Key Levels RevealedFTSE 100 Technical Outlook This week's FTSE price action illustrates traders' sensitivity to interest rate expectations on both sides of the Atlantic. On Tuesday, the FTSE experienced a post-bank holiday rebound, driven by weaker U.S. job numbers that were perceived to alleviate pressure on the Fed to raise interest rates further. Notably, Tuesday's rally resulted in the FTSE breaking and closing above the descending trendline formed by the lower swing highs from earlier this month. However, the rally lost momentum when it encountered a short-term resistance zone around 7,500, mainly due to stronger-than-expected European inflation data that raised the likelihood of the ECB maintaining higher interest rates for a longer period. Wednesday's reversal now presents a short-term resistance area that traders can monitor as we approach this afternoon's U.S. non-farm payrolls data. A second failure at Wednesday's high would be bearish, potentially setting the stage for a decline toward the 7,200 support level (see chart below). Conversely, a decisive breakthrough above Wednesday's high might pave the way for an extended rally towards 7,625. FTSE 100 Daily Candle Chart: Support S1 = 7,227 S2 = 7,204 S3 = 6,825 Resistance R1 = 7,509 R2 = 7,625 R3 = 7,724 Risk management: US non-farm payrolls is an event which has the potential to cause outsized market volatility. Support and resistance levels should be used as a guide and are not guaranteed to hold. Disclaimer: This is for information and learning purposes only. The information provided does not constitute investment advice nor take into account the individual financial circumstances or objectives of any investor. Any information that may be provided relating to past performance is not a reliable indicator of future results or performance.by Capitalcom9
FTSE Elliott Wave Analysis for Friday 08/09/2023It looks like the primary scenario is playing out and we are reversing from the wave X area. We expect more downside as an ABC structure to finish wave Y.08:53by AndyCuckoo3
Uk100 fx anticipated prediction kdfgoitjhi, fiovhoidhbiuho, ionviutgn9obe, vijnubv, fjviebutbtbutr,vbuitur, viubtubtr, vfiubr, jbveierLongby dialejimmy080
UK100UK100 break trend and close above in trendline if its follow trend so we will be bullishLongby RoohullahAli19993
FTSE Elliott Wave Analysis for Thursday 07/09/2023It looks like the primary scenario is playing out and we are reversing from the wave X area. We expect more downside as an ABC structure to finish wave Y.05:18by AndyCuckoo4
FTSE Elliott Wave Analysis for Wednesday 06/09/2023It looks like the primary scenario is playing out and we are reversing from the wave X area. We expect more downside as an ABC structure to finish wave Y. 06:32by AndyCuckoo2
FTSE Buy signalThe FTSE 100 Index (UK100) is consolidating on the 1D MA50 (blue trend-line) for the 5th straight day. This is the first pause to the uptrend that started on the August 18 bottom, right on the 6-month Support Zone. With the 1D RSI still not close to the overbought barrier and the 1D MACD on a Bullish Cross, this is the last bullish signal towards the Lower Highs trend-line. Our target is 7690, just below the Resistance Zone. ------------------------------------------------------------------------------- ** Please LIKE ๐, FOLLOW โ , SHARE ๐ and COMMENT โ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- ๐ธ๐ธ๐ธ๐ธ๐ธ๐ธ ๐ ๐ ๐ ๐ ๐ ๐Longby TradingShot2210
FTSE Elliott Wave Analysis for Tuesday 05/09/2023The primary scenario is playing out and we reached the wave X area. There are several indications that a reversal to the downside is near.06:56by AndyCuckoo221
FTSE Elliott Wave Analysis for Monday 04/09/2023The primary scenario is playing out and we reached the wave X area. There are several indications that a reversal to the downside is near.07:54by AndyCuckoo222
Strong Bull After RetracementThe UK100 Had been trying to pass this resistance for the couple of days and it keeps hitting this point multiple times but no if we saw a retracement above the resistance, I thing it will be a beautiful bull trade.Longby semedin1
FTSE Elliott Wave Analysis Higher Timeframe (02/09/2023)In the higher timeframe, investors should wait for the next pullback to buy again. We are approaching the first relevant areas.10:48by AndyCuckoo1
Bullish Daily Index Trading Analysis: FTSE vs. US Tech100To enhance the FTSE forecast and vary the wording, you could say: "In the longer-term perspective, it's advisable for investors to exercise patience and wait for the upcoming retracement before considering new buying opportunities. We are approaching key support/resistance levels, which will play a pivotal role in our trading decisions."Longby jkeville10
Decoding FTSE 100: Key Levels RevealedFTSE 100 Technical Outlook This week's FTSE price action illustrates traders' sensitivity to interest rate expectations on both sides of the Atlantic. On Tuesday, the FTSE experienced a post-bank holiday rebound, driven by weaker U.S. job numbers that were perceived to alleviate pressure on the Fed to raise interest rates further. Notably, Tuesday's rally resulted in the FTSE breaking and closing above the descending trendline formed by the lower swing highs from earlier this month. However, the rally lost momentum when it encountered a short-term resistance zone around 7,500, mainly due to stronger-than-expected European inflation data that raised the likelihood of the ECB maintaining higher interest rates for a longer period. Wednesday's reversal now presents a short-term resistance area that traders can monitor as we approach this afternoon's U.S. non-farm payrolls data. A second failure at Wednesday's high would be bearish, potentially setting the stage for a decline toward the 7,200 support level (see chart below). Conversely, a decisive breakthrough above Wednesday's high might pave the way for an extended rally towards 7,625. FTSE 100 Daily Candle Chart: Support S1 = 7,227 S2 = 7,204 S3 = 6,825 Resistance R1 = 7,509 R2 = 7,625 R3 = 7,724 Risk management: US non-farm payrolls is an event which has the potential to cause outsized market volatility. Support and resistance levels should be used as a guide and are not guaranteed to hold. Disclaimer: This is for information and learning purposes only. The information provided does not constitute investment advice nor take into account the individual financial circumstances or objectives of any investor. Any information that may be provided relating to past performance is not a reliable indicator of future results or performance.by Capitalcom7
FTSE Elliott Wave Analysis for Friday 01/09/2023The primary scenario is playing out and we reached the wave X area. There are several indications that a downward reversal is near.06:26by AndyCuckoo3
FTSE Elliott Wave Analysis for Thursday 31/08/2023The primary scenario is playing out and we reached the wave X area. There are several indications that a downward reversal is near.06:56by AndyCuckoo2
SHORT TERM BULLISH ON UK100xwe are looking at a possible short-term bullish trend on the UK 100 index because it found its retest at the FVG level of the year at 7251.22 and successfully broke through and retested at a key demand level and has formed a double bottom pattern on said key demand level at 7461.48Longby Sanrazzy1
Green for July Red For AgustHello traders. i was focusing UKX for these days. i blieve distribution finished in this area. so i blieve UKX will want to test up side for all of this month. and also it can drop back on agust. lets hee how it will play. Longby Aft1905Updated 17
Strong Bearish DivergenceThe UK100 formed a strong bearish divergence and the price is expected to fall since the Trend line liquidity has already been grabbed from a strong resistance zone. Manage risk accordinglyShortby hazn121622Updated 0