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!
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UKX trade ideas
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
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FTSE - KOGWe have two points of interest on this, we're looking at the higher target to complete, once completed, ideally we want to see a reaction in price. That lower target is active, right now too early to consider, but if we get signs of a reversal, lets start looking at targeting it.
As always, trade safe.
KOG
Will this UK100 dip attract bulls?UK100GBP - 24h expiry
Short term bias is mildly bullish.
Although the bears are in control, the stalling negative momentum indicates a turnaround is possible.
A lower correction is expected.
We therefore, prefer to fade into the dip with a tight stop in anticipation of a move back higher.
Further upside is expected although we prefer to buy into dips close to the 7640 level.
We look to Buy at 7635 (stop at 7605)
Our profit targets will be 7710 and 7735
Resistance: 7750 / 7880 / 7950
Support: 7640 / 7560 / 7500
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Possible short opportunities High time frames are in range since mid 2023. It is forming a flag in W and a wedge in D. It has also completed a wedge in 1H and I think it is just about to break it downwards. If it does, waiting for it to break the support as well, then, there would be a good short opportunity with a nice ratio. Just an idea, best of luck
UK100 FTSE Technical Analysis & Trade Idea (see previous video)The UK100 has reached a critical resistance level and is showing signs of being overextended, particularly on the daily time frame. I foresee a potential retracement and am currently seeking a short opportunity against the prevailing trend. For a comprehensive analysis of this setup, please refer to my recent video post.
UK100 FTSE Technical Analysis & Trade Idea#UK100 Observations:
- Monthly and weekly charts indicate weakening bullish momentum.
- Significant resistance encountered at a key level suggests a potential reversal.
- 61.8 Fibonacci retracement zone identified as a logical downside target.
Trade Idea:
- Short position on the #FTSE.
- Place stop-loss above recent swing high.
- Primary target: Previous swing low on the daily (1D) chart for a 3:1 risk-to-reward ratio.
- Consider partial profit closure at the 1:1 risk-to-reward level.
Important Disclaimer:
This analysis offers a technical perspective and not direct financial advice. Conduct thorough market research and implement sound risk management strategies before executing trades.
UK 100 Scalp 15 Min.Welcome to my Scalp room. 🔥 is in the Air. 🚀🚀
02/19-02/26 2024 Nr. 004
I SELL UK 100 MARKET Capital.com in Timeframe 15 Min.
Make 1-2 Trades
The Market structure is lower
Make a Trade @ Entry 4h Resistance line
Profit 1 @ 4h Support line
Profit 2 you can HOLD
Position HOLD💎
SL@ Break and close the 4h Support
FTSE(UK100)My last charts triangle pattern was technically violated.
So here's a new one, which lines up perfectly and make that little bit more sense of what is happening.
As I see it, as long as we stay above 7200-7400 a pump to 8k is a lot more likely as theirs evidently buyers in the market keeping the FTSE floating, where as a break below will send this south (6700 or lower).
$UKX #FTSE100 - Several Patterns combined...A concentration of lines giving clear patterns for actionable areas of entry on Break/Outs. Expect volatility to continue whilst with the shaded bands forming the 'Coil'.
A Breakout could be produce quick profits as the range has be ongoing for a couple of years compressing the energy. The 'Ascending Triangle' (Gold) would be my preferred plot with upside/downside targets respectively of 8220 & 7000 and to micro-manage the trade from then on.
Possible exit and pickup in the FTSE!After yesterday's news about turning the FTSE into a higher weighted index similar to the Nasdaq today we have seen a directional upward correction. The truth is that the London index already lived through a dot.com bubble in the 90's, and although this value weighting is currently very diversified with a lot of weighting to defensive companies or productive sectors, unlike in those times: financials account for 19.20% of the total, non-cyclical consumer 16.41%, health 12.77%, commodities 9.35%, energy 12.71%, cyclical consumer 7.98%, %, industrials 9.58%, and real estate 1.01% respectively. What can be seen is that inflation and industrial production data, as well as British CPI and 10-year bond sales, have been clearly reflected in the value of the index directly, this has also been represented in the British currency strongly. We will see if the Eurozone growth and employment data will move the EURGBP cross.
On the technical aspect, the last candlesticks of price recovery after the last shoulder-head-shoulder, were very clear. On February 8 we had a crossover of the 21-day and 100-day averages, on February 12 we had again the crossover of the 100-day and 233-day averages. And currently the three averages are inverted. If we look at the RSI divergence, the index is overbought. And the current price zone indicates 7504.89 points. If we look at the index on a monthly basis it is progressing in an uptrend, and since the end of November when the index went sideways, there has been a double bottom. It is possible that this oversold could signal two things: On the one hand, that the movement despite being at 69% overbought can continue to climb back to the top of the channel to 7775.85 points at its current high . Or on the other hand, that the price may not hold and fall back to that 7408.60 floor that has taken hold. It is possible that the export data could be affected, given that its main clients are the US and the Euro zone.
Ion Jauregui - AT Analyst
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UKX FTSE 100 index falling stronglyFTSE 100 index falling strongly
– Likely to fall to support level 7440.00
FTSE 100 index falling strongly after the price failed to break above the major resistance level 7700.00 (which has been repeatedly reversing the index from June of last year).
The resistance level 7700.00 was strengthened by the upper daily Bollinger Band and by the 61.8% Fibonacci correction of the previous downward impulse from February.
FTSE 100 index can be expected to fall further to the next support level 7440.00 (which stopped the two of the pervious waves ii and i)
UK100 8 hours short rips/rallies tp 7350🔸Hello traders, this is 8hour chart of UK100. Recently trading in well-defined
trading range, risk/reward flipped in bears favor after we got rejection near
range highs, therefore recommend to focus on sell setups.
🔸Range highs set at 7660, range lows set at 7350, premium prices overhead
at 7700 and 7750, below at 7250 and 7300. Trading now near range highs.
🔸Recommended strategy bears: focus on short selling rips/rallies, bears
will target re-test of range lows near/at 7350. strong risk/reward on sell side.
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Past performance is not indicative of future results.
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UK Index HuntThis is a little bit of a bold project if the predictions or projections of simulated scenarios hit their marks, but it will also be a platform for candlestick patterns and formations analysis in an attempt to hunt for potential reversals. Previous such pivot points or reversals have been highlighted in past price action, most of them having in common the candlestick shadows that signal a support/resistance level or a break/weakness in previous momentum or change in sentiment.
The main scenario would be a crazy one involving a climb near the white rectangle, following the dots, reaching the ellipse, falling for the blue rectangle, and further slower climbing down, touching the second yellow rectangle and finally reaching the big green rectangle below with maybe a pivot point or a candlestick shadow at the first icon. The second icon is not necessarily a target as price prediction (at its specific time +- a day or 2) but it will count if it is a hit, as usually all icons carefully placed (or random) in nen projects.
The second scenario just treats the rectangles as zones of influence for potential support/resistance with a higher interest in the first yellow rectangle as a milestone that can be hit. The time stamp of the ellipse is also relevant in case any curious candlestick formations occur near or at it.
The bigger scope of the project though, is the platform that wishes to observe the price action and hunt for pivot points through Japanese Candlesticks, the elements being just for context and advanced reference (in time). Hopefully, as the first paragraph suggests, we will be able to see a similar formation pattern with several candlestick shadows that might signal a potential turnaround, although these patterns can be temporary, depending on the flow and situation in the markets.
UK100 Pushing downThe UK100 has failed many times to break above the key resistance and we recently saw price break below the structure around the main key level. In addition to the technicals, the macro datas suggest that the index should get weaker within the coming days... I beleive we should see price go as low as 7405 pounds.