FTSE Elliott Wave Analysis for Thursday 27/07/2023In the higher timeframe, we are doing a pullback. Also, the lower timeframe looks bearish. We are waiting for an ABC correction to the upside and initiate a short from there.
UKX trade ideas
UK 100Buy setup on UK100 following a break of a strong daily resistance leading to the continuation of the larger buy trend.
UK100 looks to give us a move down.UK100 is now forming a bearish divergence and trying to break Neckline and if hourly candle closes below the Neckline, it should confirm the bearish signal towards our Take Profit Target.
FTSE Elliott Wave Analysis for Wednesday 26/07/2023In the higher timeframe, we are doing a pullback. Also, the lower timeframe looks bearish. We are waiting for an ABC correction to the upside and initiate a short from there.
FTSE Elliott Wave Analysis for Tuesday 25/07/2023In the higher timeframe, we are doing a pullback. Also, the lower timeframe looks bearish. We are waiting for an ABC correction to the upside and initiate a short from there.
FTSE Elliott Wave Analysis for Monday 24/07/2023In the higher timeframe, we are doing a pullback. Also, the lower timeframe looks bearish. We are waiting for an ABC correction to the upside and initiate a short from there.
UK100 looking BearishUK100 has formed a bearish divergence on 2 Hourly TF and looks weak at the moment which gives us an opportunity to wait for the right entry point to trigger our short position.
FTSE100 uk100 Short Setup I would like to see the FTSE index push up to the area marked BSL take out the LIQ and make a move to the downside .Potentially giving us a LH and a nice short entry .
FTSE Elliott Wave Analysis Higher Timeframe (22/07/2023)The pullback in the higher timeframe is ongoing. We had 5 waves up as an impulse in the weekly and daily. Investors should wait for the completion of the pullback to buy. Traders should analyze the lower timeframe. There might be a good short opportunity next week.
FTSE Elliott Wave Analysis for Friday 21/07/2023In the higher timeframe, we are doing a pullback. Also, the lower timeframe looks bearish. We are waiting for an ABC correction to the upside and initiate a short from there.
FTSE 100 BOUNCES BACK ON UK INFLATION NEWSParticipants in financial markets were closely watching yesterday the data on inflation in the UK, where it is at the highest level among the G7 countries. The news turned out to be positive:
→ CPI was 7.9% (forecast = 8.2%, last month = 8.7%) in annual terms;
→ core CPI dropped from 31-year high from 7.1% to 6.9%.
Consequently:
→ the price of the British pound fell against the US dollar and other currencies;
→ the price of the FTSE 100 index rose sharply, rising from the July lows by about 5%.
Thus, the quotes demonstrate the expectations of market participants — they suggest that the Bank of England has received a reason to ease the ongoing tight monetary policy aimed at suppressing inflation.
The publication of the decision of the Bank of England is scheduled for August 3, and the interest rate can be raised only by 0.25%, although earlier 0.5% was called more likely.
The sharp rise in the price of the FTSE 100 has led to the fact that the descending channel is broken, as is the resistance level at 7,555. It is possible that after such a sharp impulse, we will witness a consolidation period, which may be limited to the levels of 7,555 and 7,690.
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FTSE Elliott Wave Analysis for Thursday 20/07/2023In the higher timeframe, we are doing a pullback. Also, the lower timeframe looks bearish. We are waiting for an ABC correction to the upside and initiate a short from there.
No clueTrading is 100% subjective
FR Volume Profiles give me a indications on where the trend might reverse. Choosing your lvls is subjective, as is choosing highs and lows for placing SLs. I just prefer VPs to determine price lvls
I trail my SL / TP with the new accumulation lvls within the new trend.
FTSE Elliott Wave Analysis for Wednesday 19/07/2023In the higher timeframe, we are doing a pullback. Also, the lower timeframe looks bearish. We are waiting for an ABC correction to the upside and initiate a short from there.
FTSE Elliott Wave Analysis for Tuesday 18/07/2023In the higher timeframe, we are doing a pullback. Also, the lower timeframe looks bearish. We are waiting for an ABC correction to the upside and initiate a short from there.
UK 100 - SELLUK100 will collapse after a while since there is a bearish divergence on rsi, therefore participate in the negative sprint with fair risk.
FTSE Elliott Wave Analysis for Monday 15/07/2023In the higher timeframe, we are doing a pullback. Also, the lower timeframe looks bearish. We are waiting for an ABC correction to the upside and initiate a short from there.
UK 100 Bullish reversal Bearish Divergence is seen
Respecting Trend line
Entry and SL are defined
take total 2% risk with 2:3 risk reward
FTSE Elliott Wave Analysis Higher Timeframe (15/07/2023)The pullback in the higher timeframe is ongoing. We had 5 waves up as an impulse in the weekly and daily. Investors should wait for the completion of the pullback to buy. Traders should analyze the lower timeframe. There might be a good short opportunity next week.
UK100 Long #WaveAnalysis #UK100
FTSE100 reversed from key support level 7300.00
Likely to rise to resistance level 7550.00
FTSE100 index recently reversed up sharply after the index failed to break below the key support level 7300.00, which has been reversing the price from last November.
The upward reversal from the support level 7300.00 stopped the intermediate downward impulse (C)-wave from June.
FTSE100 index can be expected to rise further toward the next resistance level 7550.00 (previous minor reversal high from the end of last month).
US100 and US500 Possible Counter Trend Trade OpportunityIn this video, we examine the stock indices and observe that they are approaching key resistance levels on the higher time frames (1M, 1W, 1D etc). We can observe weakness in the GE40 and FTSE, raising the question of whether the US100 and US500 will follow suit. Considering it's the end of the week, a correction is a possibility. As always, please note that everything discussed in the video is for informational purposes only and should not be interpreted as financial advice.
FTSE Elliott Wave Analysis for Friday 14/07/2023In the higher timeframe, we are doing a pullback. Also, the lower timeframe looks bearish. There might be an opportunity for a short trade today.
