6.5k First Target! UK100 / DAILYHere is the supplement to the scenario posted previously. We are forming a big downtrend with an ABCD and bearish flag. Creating new LL in near future.
6500 is the target.
Goodluck.
UK100 trade ideas
Preparing for 5k dump?? UK100 / 2HR We have formed a bearish rectangle that should follow with downside and potentially break off below the LL. Shorting from the top.
The final target for the long term is 5k. The most probable is 6500 in the near future.
Goodluck.
UK100 - A Big Test AboveIt's been a highly volatile period in the markets, with equities coming under severe pressure as a result of high inflation, the Russian invasion of Ukraine, and the sanctions against it that followed.
The UK100 has shown more resilience than its European peers during that time, in part as a result of the UK having fewer trade ties - particularly oil and gas - and due to the weight of commodity stocks within the index. Soaring commodity prices are naturally beneficial for those companies, which has to an extent shielded them during the declines.
Of course, they haven't been entirely immune, particularly those with direct exposure to Russia. The weakness in the pound may have also helped given how much revenue from FTSE 100 companies is generated outside of the UK.
That said, the index has still fallen into correction territory during that time and below the 200/233-day SMA band. After seeing support around 6,800 we have seen a partial reversal of those losses, buoyed by talks between Ukraine and Russia which both sides suggest are making positive progress.
It is now running into resistance in a very interesting area on the chart. The 50% Fibonacci retracement - February highs to March lows - falls around the 200/233-day SMA band which is now being tested as resistance, having previously been support. A rejection of this level could be a very bearish signal while a break above here could be quite the opposite.
Ultimately, this is a very headline-driven market and volatility is expected to persist. If we do see a move above, 7,335-7,400 is the next big test, with the 61.8 fib, 55/89-day SMA band and prior resistance combining. A failure at the 50 fib could see attention shift back to 7,000 - a major psychological barrier, prior support and resistance, and roughly the mid-point of the recent lows and highs.
Scalp trade for UK100Hey guys,
I've been scalping for 2 years and decided I woud start sharing my ideas.
Waiting for:
RSI confirmation
EMA confirmation
Trend already acknowledged
Key levels mapped out.
I'm in and out pretty quick, 10-15 pips with a decent lot size. This is just my method and works for me. I wouldn't recommend this if you are new to trading or inexperienced with good entries/exits.
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UK100GBP turning bearishEvening folks. I noticed this ascending channel on the UK100GBP which seems to have broke the support line. Could this be a false break out or is UK100 heading towards a bear market. If we get a few closes below the current channels support then we could see price fall. As for my strategy i'll be waiting for the cloud to turn red, a conversion line and base line crossover and price to move under the cloud. This could still take a few weeks but its worth keeping an eye on this one.
Let me know your thoughts or analysis.
cheers.
The Stars are Aligning: FTSEEntered a nice short, anticipate bearish correction with potential for bear market.
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UK100 Index Sell IdeaThis is going to be a amazing trade.
Details are on the chart but price is making huge lows and huge lower highs and huge lower lows on the hour 4 time frame.
So there is a confirmation to sell.
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Bullish Harmonic Pattern! UK100 / 1HRAcross many EU indices, we are seeing the formation of a bullish harmonic (shark).
Goodluck.
Bullish EngulfingBullish Engulfing on UK100, we keep our LONG position targeting the upperside of the green block. Target is calculated with the fib extension tool.
Stoploss placed below the red block.
Attention: This is not financial advice, we only share our trades on Tradingview and we do not encourage you do take action. Please always do your own analyses.
FTSE ANALYSISTHE Bulls bought strong enough to push the market at higher prices with the bullish channel so its a long swing opportunity for who trade THE FTSE INDEX
Uk100 sell ideaHoping to see a nice rejection from the fib level then hopefully a nice ride down to the last low, hitting areas of resistance from previous lows.
Uk100 Sell Setup Highs and Lows getting lower, Retesting previous low, Bearish Flag and ABCD formation
FTSE 100 - Continuing the slide lowerThe UKX ran above Jan 19 2022 highs only to reject, breaking the Feb 4 2022 low, initiating a market structure shift on the daily timeframe. Price continued to decline with Feb 24 being an extreme down day due to the events transpiring in Ukraine. I am looking for a retrace to 7280 -7360 before price continues to the down-side with Target 1 reaching for 7100, Target 2 reaching for 7000-6950 and the third and final target at 6800.
