UK100 trade ideas
FTSE Forms Bullish Hammer at 50% FibHaving broken through long-term resistance and come within touching distance of the February 2023 highs, the FTSE took a pause for breath last week pulling back from recent highs.
Pullbacks provide excellent opportunities for traders to position themselves within established trends at attractive levels of risk/reward, and the FTSE’s recent pullback has put trend continuation traders on high alert.
FTSE Daily Candle Chart
Past performance is not a reliable indicator of future results
If we take a closer look at the FTSE’s recent price action, we can see that on Friday the market sold off in the morning only to rally back into the closing bell – forming a bullish hammer candle .
This simple price pattern provides a useful signal to trend continuation traders that the market may be ready to resume its uptrend.
The location of Friday’s hammer candle is also significant. The candle formed at the 50% retracement of the breakout move. It also closed back above the volume weighted average price (VWAP) anchored to the breakout lows.
Zoomed View: FTSE Daily Candle Chart
Past performance is not a reliable indicator of future results
Risk Management
The FTSE daily rolling futures average true range (ATR) is currently 64 – meaning the index tends to move on average 64 points each day. Swing traders looking to hold their positions overnight should place a stop loss outside of the daily ATR. The stop should also be placed below the hammer candle lows.
On the economic calendar this week, Thursday’s European Central Bank decision on interest rates is likely to generate volatility across European and UK equities.
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. Social media channels are not relevant for UK residents.
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 84.01% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work and whether you can afford to take the high risk of losing your money.
UK100 is Ready For SHORT Positionuk100 /USDT is Going to get a good setup for SHORT POSITION
you can get this position with 0.2 LOT
Good Luck & dont forget to set SL & TP
Although UK-100 Index Is Near All-time HighsAlthough UK-100 Index Is Near All-time Highs, UK Economy Slips into Recession
Technically, a national economic recession is defined as two consecutive quarters of contraction, and yesterday's Office for National Statistics data confirmed that this has happened — UK GDP fell in the third and fourth quarters of 2023 by 0.1% and 0.3% respectively.
The Guardian writes that the recession may be deeper than it seems at first glance:
→ Increased government spending (including for the military) masks a deep and persistent decline in production.
→ The economy is shrinking despite population growth;
→ In the fourth quarter of 2023, the deficit widened to £26.3 billion, or 3.9% of GDP, up £5.9 billion from the third quarter.
→ The big problem is the decline in goods exports. Soaring prices for imported raw materials and energy have played a major role in increasing the cost of producing goods in the UK and making it difficult to sell them abroad.
However, the price of the UK-100 index (or FTSE-100) is near all-time highs. This is because the Bank of England may ease monetary policy to avoid worsening the recession. And this will be a positive factor for the development of the top 100 companies whose shares are included in the index — this expectation is included in the current quote.
The UK-100 Index chart shows that:
→ today the price of UK-100 is moving within an upward trend (shown by the blue channel);
→ demand forces are active at the lower border of the channel, quickly absorbing all declines (shown by arrows);
→ the bulls confirmed their dominance upon breaking through the 7,800 level, forming a strong cup-and-handle pattern;
→ the psychological level of 8,000 points prevents the bulls from maintaining the growth rate - when approaching it, the bullish candles become narrower. Buyer confidence is waning. This creates difficulties for the price to realize the prospect of reaching the upper boundary of the channel.
It is possible that the upward trend, rooted in the fall of 2023, will continue with the formation of a correction before attempts to overcome the resistance block of 8,000-8,050. In this scenario, support for the UK-100 price may come from:
→ Fibo level 50% rollback from growth impulse A→B;
→ local support formed by intraday price action around the level of 7.888;
→ median line and/or lower border of the blue channel.
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FTSE100 And Price Action/ProbabilityThis chart is a clear display of how markets work in simple terms.
The fact is, your job is to look for repetition. Repetition directly correlates to probability, as it is your bread and butter for understanding what is next,
That is also, simply, the point of price action.
So when something happens so many times.. Do not be surprised if it happens again. And do not bank everything on it just because it is 'probable'.
Risk much be associated to the risk of the market setting and you must be prepared for a failure of any level with further risk plans.
uk100 long going long after the the end of the pullback came to an end the v formation was tested and held
FTSE 100 Trade Plan: Scenarios to ConsiderEarlier this month, we discussed subtle cues indicating the FTSE 100's readiness to break out. Fast forward three weeks, and the index has decisively broken free from its long-term range, surging over 150 points post the US Federal Reserve's reaffirmation of its rate-cut plans.
FTSE 100 Daily Candle Chart
Past performance is not a reliable indicator of future results
Where Next for the FTSE?
To gain perspective post-breakout, let's zoom out to the weekly candle chart. Here, we can see that the FTSE just broken through the May 2018 highs – an area that was briefly surpassed in February last year which printed a new all-time high for the index.
FTSE 100 Weekly Candle Chart
Past performance is not a reliable indicator of future results
FTSE 100 Trade Plan: Scenarios to Consider
Scenario 1: Swift Retest of All-Time Highs
If last week's bullish momentum continues, the market may head directly towards the February 2023 all-time highs. This could present short-term buying opportunities but could also lead to overbought conditions, offering potential for swing traders to sell on a retest.
Scenario 2: Sideways Consolidation
Alternatively, if the FTSE consolidates near highs for several sessions, chances of sustaining a breakout increase. Here, swing traders could position within the consolidation pattern.
Scenario 3: Deep Pullback
Should the FTSE quickly retract last week's gains, a break below Friday's lows might prompt a swift retest of the broken trading range's top, likely offering support moving forward.
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. Social media channels are not relevant for UK residents.
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 84.01% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work and whether you can afford to take the high risk of losing your money.
Upcoming Trading Week WatchlistAn overview of all the pairs I am looking at for this trading week. Full breakdown in the video with analysis and explanations of what I will be waiting for before executing in the markets.
UK-100 Bullish SetupUK-100 is on the verge of Symetrical triangle breakout. We will buy it on the breakout confirmation and targets last high.Our stops wil be last Lower High.
UK100/FTSE: Two Corrections Complete, Time for Upward Wave!After enduring two corrections, the UK100/FTSE index appears poised for a significant upward wave, potentially leading to a new all-time high.
Market analysts anticipate a resurgence in bullish momentum as previous downward corrections conclude. With these setbacks behind it, the index is primed for renewed optimism and potential record-breaking performance. Investors are closely monitoring for signs of this anticipated upward surge, ready to capitalize on emerging opportunities in the UK stock market.
FTSE 100: In Focus on Inflation DataToday, the Bank of England will release key inflation data, and the British government will unveil industrial production figures, both crucial for the London index. While unfavorable inflation figures are anticipated, the British economy is showing financial resilience, propelling the index to 7,746.82 points following positive results from several companies since Wednesday, representing a 0.1% increase.
In the corporate landscape, the construction company Persimmon (PSN) stands out with solid financial fundamentals, a large land bank, and high-quality finished products. This may facilitate the company's benefit as the home-buying cycle recovers in the coming years, despite last year's results remaining stable.
In contrast, the insurance company Prudential (PRU) plummeted despite meeting 2023 objectives and believing it can achieve this year's goals. Its stock price halved, reaching 2012 levels, partly due to its high exposure to the Chinese real estate market. Luxury brand Burberry was also affected by the Chinese slowdown, as reflected in its stock following Gucci's announcement of a 20% decline in the Asian market in the first quarter of the year.
From a technical perspective, the index faces a crucial test at the 7,787.79 point level. It has been testing the current zone since yesterday, and it remains to be seen if it can continue to climb towards February 2023 prices. Will it surpass this level and close the annual gap at 8,044.32 points? Currently, if the long-term direction is bullish, we could see an attempt to reach the previous price zone of 7970.57, although an accumulation zone is yet to be developed.
Analyzing the RSI indicator suggests a slight overbought condition at 67.53%. The visible range volume profile shows a prominent double bell curve with a well-defined point of control at 7,685.50 points. These data could indicate a potential correction to the middle of the range that has been developing since November 2023, with its midpoint at 7,606 points.
Company Results Table
Bullish Companies:
• Ashtead Group (AHT) 5.532,00p 4,14%
• St James's Place (STJ) 434,10p 3,78%
• Halma (HLMA) 2.288,00p 3,62%
• Melrose Industries (MRO) 642,40p 3,48%
• Persimmon (PSN) 1.298,00p 2. 77%
• Airtel Africa (AAF) 93,05p 2,59%
• NATWEST GROUP (NWG) 246,00p 2,50%
• Croda International (CRDA) 4.835,00p 2,35%
• JD Sports Fashion (JD.) 112,80p 2,04%
• Kingfisher (KGF) 228,50p 1,92
Bearish Companies:
• Prudential (PRU) 731,00p -6,35%
• Burberry Group (BRBY) 1.181,00p -3,98%
• Smith & Nephew (SN.) 1.041,00p -1,61%
• Weir Group (WEIR) 1.970,50p -1,30%
• GSK (GSK) 1.645,40p -1,14% BP (BP. ) 492,90p -1,08%
• Marks & Spencer Group (MKS) 240,70p -1,03%
• British American Tobacco (BATS) 2.389,50p -0,93%
• Convatec Group (CTEC) 283,20p -0,91%
• Unilever (ULVR) 3.893,50p -0,90
Ion Jauregui - AT Analyst
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All information has been prepared by ActivTrades ("AT"). The information does not contain a record of AT's prices, or an offer of or solicitation for a transaction in any financial instrument. No representation or warranty is given as to the accuracy or completeness of this information.
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FTSE100 - Breakout Alert 7,743Yesterday's close on the FTSE 100 was a really good indication that the 7,743 level will likely hold.
The index first breached above this level eight days ago and then quickly retraced below it. After trading below this level for a few days, we're back up above this level.
This signals buying pressure paused and has since resumed. Assuming this level holds on any further retracements, this will signal further trend potential.
FTSE making a sustainable rally after bullish break-out.This is an update to our analysis 3 months ago (December 18 2023, see chart below) where we called for a Resistance bullish break-out and buy on the next 1D MA50 (blue trend-line) contact:
Even though the pull-back dipped some more, the index still followed our projection on a rough scale. The long-term pattern remains a Channel Up but due to some relative readjustments because of that longer dip, we have to revise our target a little lower to 8150. That represents a +10.40% rise from the dip's lower point but still a 1.382 Fibonacci test (8350) is possible but in our updated view it will take longer to achieve.
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Potential Spring (tight ABCD) in FTSETIght ABCD which I call a Spring happens from a previous support level.
Also, the level of the reaction we observe is a small gap which is an area of interest where price tends to go.
Weekly is above 20 EMA, Daily as well. Stochastics is in the overbought zone as well.
Now a positive entry bar is needed to confirm the entry.
UK100 SHORT TERM SELLI'm seeing a pullback form on the 1hr TM. I'm expecting it to close the order blocks and retrace back up. SHORT TERM SELL. LONG TERM BUY
FTSE100 - Signal UpdateUK100 H4
We pushed just shy of 1R on this setup after it was shared yesterday. Still holding this at around +10 points. Slow burner but when we crack, we will crack!
Expecting this setup to make its move at some point this week, patience pays.
UK100 - Short SignalUK100 D1
Pushing the absolute peak of our resistance price here, trading at 7755 ish.
A great reward and possible short opportunity. Don’t fix it unless it’s broken, an impulse swing entry here with stops as tight as 25 points.
We have been following UK100 for some time now and this range has held for a while. Lets see what unfolds.
Unlocking Opportunities: UK100 Supply and Demand AnalysisHello Traders,
Critical Zone Breakout from Supply Zone Indicates Potential Upside Momentum, While Failure to Respect Signals Downside Pressure Ahead.
We have 2 Demand Zones, and A Supply Zone. If The Price Breaks The Supply Zone, Take Entry While Retesting OR Pullback of The Move Otherwise If It Respects The Supply Area Then Look For The Short Entries!
Please Note That The Only Purpose of The Information On This Page is Purely Educational.
I Would Welcome Your Participation And Support in the Form of Likes, Comments, And Follow us to Offer Some Encouragement.
Thank You.
Is the FTSE Finally Ready to Breakout?The FTSE 100 has been trading within a well-defined range for more than 8 months. This range has created some fantastic trading opportunities at the extremes of the range, buying reversal patterns at support and selling reversal patterns at resistance.
However, just as ‘the trend is your friend until the bend in the end’, the range is your friend until it breaks with a bang! And we are seeing signs in the FTSE’s recent price action which may indicate that this index is getting ready to breakout…
1. The New Year sell-off didn’t make back to the bottom of the range. Instead, the market formed a higher swing low.
2. We have seen a series of higher swing lows form in recent weeks.
3. Price action during the last two weeks has seen the market consolidate just beneath resistance.
FTSE 100: UK 100 Daily Candle Chart
Past performance is not a reliable indicator of future results
Sector Snapshot
At the sector level, the UK market has developed a distinctly bullish glow during the last seven sessions. Whilst the index itself has been treading water and consolidating, we have seen broad-based buying with the majority of the FTSE’s major sectors making gains of more than +1%.
The sector strength along with subtle technical signs may not be enough to mark the FTSE out as a screaming buy, but they are enough for FTSE bears to pause for thought before simply selling at resistance.
UK Sector Performance (7-Days)
Past performance is not a reliable indicator of future results
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. Social media channels are not relevant for UK residents.
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 84.01% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work and whether you can afford to take the high risk of losing your money.
