UK100 Analysis &Trade Plans Trade Plan A
1- A strong support area
if the price gets rejection then go for long
Trade Plan B
1- If the price breaks the
above support then go for short
at the new HH
UK100 trade ideas
uk100What is the UK100?
The UK100 index is a capitalisation-weighted share index that comprises 100 companies listed on the London Stock Exchange with the largest full market value. Founded in 1984, the UK100 index has since superseded the FT30 index as the foremost benchmark of UK equity.
FTSE 100 - major correction ahead?For the past year FTSE 100 price action has been trading inside a bearish rising wedge pattern following the March 2020 sell off. Price action has now completed its journey to resistance (look left) at the same time it has broken out of the wedge. The last time this occurred was in January 2020.
Currently, on the above 10-day chart, price action is meeting with strong resistance. Back in April 2015 this level resulted in a 20% correction. There’s no question about it, trading opportunities at this moment have entered a no mans land.
Is there a bullish outlook?
By definition the rising wedge is bearish and showing evidence of continuation. The majority of professional traders will not be ignoring this development, it is low risk with high probability of following through. However they can lead to false signals. For this to be one of them price action has to break through 7120 and confirm it as support. Until that happens…
Target? Closer to 5000 than 5500 with a high degree of probability.
Good luck!
WW
FTSE - UpdateFTSE has been quite difficult to plot with multi overlapping waves, however I believe that this chart may be correct in
the idea that a large A,B,C is nearing completion. Wave A was a five down, wave B a trangle and wave C in progress
a five down with wave 4 currently ctreating a triangle. Once complete wave C may complete at 100% wave 1.
Good Luck
FTSE UK equity market large top formation#FTSE large top formation.
Very important
Support 6,850.
4 lower lows.
UK under pressure - FTSE getting hammered!Trade Idea: Sell UKXGBP (FTSE100)
Reasoning: Bullish hammer from yesterdays price action has already been engulfed by overnight weakness. Medium term support around 6810 likely to give way as bearish momentum builds.
Entry Level: 6864
Take Profit Level: 6564
Stop Loss: 6964
Risk/Reward: 3:1
Disclaimer – Signal Centre. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis, like all indicators, strategies, columns, articles and other features accessible on/though this site is for informational purposes only and should not be construed as investment advice by you. Your use of the technical analysis, as would also your use of all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Europe&Japan to perform better than USA from now on, 3-UKComparision of "FTSE (UKX) in USD dollars" to "SPX".
I am publishing the same for all (please see my other analysis): Germany, UK, Japan.
I ignore all the fundamentals and only make technical analysis. Fall of EUR&GBP&JPY and their stock market's negative divergence compared to USA (SPX) is about to end, I believe.
Important: This doesn't mean that the equities&indices are going to rise from now on. My analysis only says: Europe&Japan will perform better than USA. Just because they are very cheap.
UK100GBP MORE BEARISH PRICE ACTION, WATCH FOR SELL.Hi traders:here on uk100GBP, im in two weeks and its clear to go down as structure shows from higher time frame.
Watching both directionsLONG CASE
FTSE has found its footing from the lows of yesterday and has started to build a 30min higher low structure, with the most recent higher low coming very quickly after the recent swing higher. Would need to see a clear break of the 7080 level and a backtest of support with a bullish close before taking a position.
SHORT CASE
Price action has been beat over the past week and the recent budget announcement has done little to quell fears of further inflation. The technical perspective is this resistance line at 7080 which is the only local level we have until ~7200. Would need to see a clear rejection of higher prices followed by a bearish close.
Jamie Gun2Head Idea - Buying FTSETrade Idea: Buying FTSE
Reasoning: Holding major support on the daily timeframe, RSI oversold too. On hourly chart, RSI divergence and market opening strong today. Looking for a corrective move higher.
Entry Level: 7060
Take Profit Level: 7185
Stop Loss: 7011
Risk/Reward: 2.55:1
Disclaimer – Signal Centre. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like all indicators, strategies, columns, articles and other features accessible on/though this site is for informational purposes only and should not be construed as investment advice by you. Your use of the technical analysis , as would also your use of all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
uk100 september upddateStrong level of support with clear buying bias to the next resistance for a reversal.
UK100 Sell Call @ 1 HRUK100 Currently at LL @ 1HR, wait for LH or look for price action between 7090-7070 for entry
Sell Between 7090-7070
SL: 7250
TP 1: 6908
TP 2: 6836
UK100 Trade Ideausing Fib and Fib Ext to locate entry and TP, then using top/down analysis, market structure and measurement tool to determine SL with either a 2:1 or 3:1 risk to reward ratio
SR levels for UKXUKX 1W on free but good Cosmic Flow has tested "Basis Line" multiple times (🧐). Is it going to break below this line or reverse? Whichever way it goes watch for the "S1" and "R1" levels.
UK100GBP MORE BEARISH PRICE ACTION, WATCH FOR SELL.Hi traders:update on the position i took yesterday,as you see UK100 moved the direction i expected and we are in the middle of the impulse so see what will happen the next coming hrs.
if you interest my ideas and free backtesting im here for you.
UK100GBP MORE BEARISH PRICE ACTION, WATCH FOR SELL.hi traders:here on uk100GBP,as market structure all indices look bearish but the best one and very clear is UK100GBP and i set stop entry ,if you interest my ideas let me now.
1H SELL SETUP UK100 Hi everyone !
I'm looking UK100 to keep on dragging lower. We can expect a break out of this corrective structure.
UK100 - Short by RSI divergence & Moving Average 9/7/2022- Short trend:
... Closes candles < Moving Average 200.
... Bearish RSI divergence.
... High|Low Pivot: Lower low
UK100GBP MORE BEARISH PRICE ACTION, WATCH FOR SELL.hi dear traders:update on the position that i took this week ,only one trade which is UK1OO and now in profit therefor im scalling the second entry which is very clear continuation correction to downside, how do you see my presentage win and what w'd you like to ask me.
Intelligent Trading Academy - FTSE100 FX FTM H4 SELLA short has been taken at 7250 as we see bearish momentum adding confluence to chart structure breakdown.
UK100GBP MORE BEARISH PRICE ACTION, WATCH FOR SELL.hi traders:here on UK100, looking bearish from higher time frame with HTF continuation to down and strong impulse with small LTF continuation entry you see now , therefor i set sell stop entry and i will see the next coming hours.
UK100 H8: XABCD bulls buy/hold +15% gains(SL/TP)(NEW/SWING)Why get subbed to me on Tradingview?
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UK100 H8: XABCD bulls buy/hold +15% gains(SL/TP)(NEW/SWING)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.
🔸 Summary and potential trade setup
::: UK100 8hour/candle chart review
::: bullish fractal in progress now
::: setup still valid as of today
::: XABCD BULLS point D/PRZ 6740
::: BUY/HOLD exit at 7700 points
::: BULLISH setup / more upside
::: strong seasonality for stocks later
::: reversal in October/November 2022
::: BUY/HOLD near my level for best results
::: BULLS should exit position near 7700 points
::: lower risk setup is BUY/HOLD near D/PRZ
::: strong bullish chart expect more gains
::: TP BULLS TP1 +500 points TP2 +1000 points
::: BUY/HOLD setup with great risk:reward
::: BULLS TP FINAL is 7700 points / overhead
::: recommend to BUY/HOLD 6740
::: recommended strategy:BUY/HOLD
::: SWING trade setup do not expect
::: fast/miracle overnights gains here
::: good luck traders
🔸 Supply/Demand Zones
::: 6740 fresh demand zone
::: 7700 fresh supply zone
🔸 Other noteworthy technicals/fundies
::: TD9 /Combo update: N/A
::: Sentiment short-term: BEARS/pullback
::: Sentiment outlook mid-term: BULLS
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