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FTSE 100 (UK100) Potential Bearish Reversal from Order BlockAnalysis Summary Higher High (HH) and Strong High: The HH near 8,420, along with the strong high marked on the chart, indicates a recent resistance level that has established an area of potential selling pressure. The current structure suggests that the market is struggling to maintain upward momentum from these highs. Change of Character (CHoCH): Multiple CHoCH levels indicate shifts in market sentiment. A key CHoCH to the left suggests a transition from bullish to bearish bias, while recent bullish retracement has encountered resistance within the current structure. Order Block: The blue-shaded order block around 8,300 represents a potential resistance area where sellers may step in if the price reaches this level again. This zone is likely to act as a key supply area, potentially triggering a reversal if tested. Weak Low: The weak low around 8,080 marks a vulnerable support level. If the bearish momentum continues, this low could be tested and possibly broken, confirming further downside potential. Potential Scenarios: Bearish Continuation: If the price retraces to the order block around 8,300 and encounters resistance, it could resume its downtrend, targeting the weak low at 8,080 and possibly lower levels if bearish pressure intensifies. Short-Term Bullish Retracement: A retracement into the order block would provide an opportunity for sellers to re-enter the market. However, if the price breaks above this order block, it may invalidate the bearish scenario and indicate a potential trend reversal. Conclusion The FTSE 100 chart suggests a bearish outlook with a potential retracement to the 8,300 order block. Traders may look for signs of rejection in this zone as a shorting opportunity, aiming for targets around the weak low at 8,080. Reactions within the order block will be crucial in determining the next move.
PEPPERSTONE:UK100
by SwiftSignalFX
FTSE UK100 Reaches Key Demand Area Amid Seasonal TrendsThe FTSE UK100 index has recently reached a crucial demand area, igniting traders' interest amid seasonality patterns observed over the past decade. Historically, this time of year tends to witness upward momentum in the index prices, making this a significant area for potential bullish moves. Given the historical context, many traders are closely monitoring developments as they assess whether the index will follow suit and initiate a rally. From a fundamental perspective, the recent Commitment of Traders (COT) report provides a tantalizing glimpse into market dynamics. It reveals that while retail traders are predominantly bearish, "smart money"—the institutional investors—appear to be accumulating long positions. This divergence is notable; retail sentiment often serves as a contrarian indicator. With smart money stepping in at a demand zone, there is potential for a bullish reversal, which could support the index as it seeks to capitalize on favorable seasonal trends. Moreover, the broader economic landscape remains conducive to this optimistic outlook. As the UK grapples with various macroeconomic factors, including inflation rates and monetary policy responses, investor sentiment has become increasingly nuanced. A stronger performance in the FTSE may be supported by sectors that typically thrive during this time, such as commodities and financial services, providing tailwinds for the index. As traders look ahead, the focus on a bullish scenario is intensifying. The critical consideration is whether the FTSE UK100 can sustain momentum above the demand area, signaling a recovery phase that may align with both historical patterns and smart money positioning. If the index can maintain its footing and demonstrate strength in the coming sessions, it may very well affirm the bullish sentiment among those advocating for a market upturn. In summary, the convergence of seasonal patterns, contrasting market sentiment as illustrated by the COT report, and the strong fundamental backdrop paints a compelling picture for the FTSE UK100. Traders are poised to explore opportunities in a potentially bullish scenario, keen to see if the index will follow historical tendencies and deliver a strong performance in the latter part of the year. As always, careful monitoring of market developments will be essential in navigating this promising but complex landscape. ✅ Please share your thoughts about FTSE in the comments section below and HIT LIKE if you appreciate my analysis. Don't forget to FOLLOW ME; you will help us a lot with this small contribution.
CAPITALCOM:UK100Long
by FOREXN1
3
FTSE Index Rebounds from Near Three-Month LowFTSE Index Rebounds from Near Three-Month Low The chart for the British FTSE 100 index (UK 100 on FXOpen) illustrates: → Indicated by the red arrow: Yesterday, the index fell below the 8100 level for the first time since early August, driven by bearish sentiment in the U.S. stock market following reports from Microsoft (MSFT) and Meta Platforms (META), as we noted previously. → Indicated by the blue arrow: Today, the FTSE 100 is rebounding on the back of local economic data releases, including UK housing prices, which, according to Trading Economics, grew less than expected. Technical analysis of the FTSE 100 (UK 100 on FXOpen) suggests that the UK stock market may be entering a downtrend, as: → It’s plausible that the market has been in a period of consolidation since September, forming a narrowing triangle pattern between the Support and Resistance lines. → An attempted bullish breakout of the Resistance line in late October failed to trigger an uptrend, while the bearish breach of the Support line appears more substantial. → The arrows indicate that today’s uptick may simply be a bounce from the lower boundary of a descending channel. What’s next? Given the correlation with the U.S. stock market, traders will likely focus on today’s key U.S. employment report due at 15:30 GMT+3, which could provide critical signals on interest rate prospects ahead of next week’s Fed meeting. As long as the FTSE 100 index price (UK 100 on FXOpen) remains below the 8220 breakout level for the Support line, it appears the bears retain greater control. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
FXOPEN:UK100
by FXOpen
2
Chancellor Reeves Unveils £40 Billion BudgetChancellor Rachel Reeves outlines a transformative budget aimed at addressing the UK's £40 billion fiscal gap through strategic tax increases while committing to public service growth. Here are the key highlights: (Source: The Guardian, FT) Main Tax Changes Overall Tax Increases: The budget introduces £40 billion in tax hikes, primarily targeting higher earners and corporations to fund public services and infrastructure. Income Tax and National Insurance (NI) Thresholds: The thresholds for income tax and NI will be frozen for an additional five years, which is expected to push more individuals into higher tax brackets as their earnings increase. Capital Gains Tax (CGT): Starting April 6, 2024, the annual exemption for CGT will decrease from £6,000 to £3,000. Additionally, the capital gains tax rates will be adjusted, with the lower rate increasing to 18% and the higher rate rising to 24%. National Insurance Contributions: Employer NI contributions may rise from 13.8% to 15.8%, alongside a reduction in the threshold at which they apply, dropping from £9,100 to £5,000. These changes could potentially generate an additional £20 billion in revenue. Inheritance Tax: The current structure remains, but potential alterations to exemptions affecting businesses and agriculture are under consideration. Non-Dom Tax Status: The government is contemplating the complete abolition of the non-dom status, which allows certain UK residents to avoid UK taxes on foreign income. 'Sin' Taxes: There are proposals to increase taxes on the gambling industry by up to £3 billion, aimed at addressing addiction issues. Spending Measures Public Spending Growth: Spending on public services is set to increase by 1.5% in real terms, reflecting a commitment to enhance essential services despite fiscal constraints. NHS Funding: A significant portion of the budget includes a £22.6 billion increase for the NHS to improve healthcare services. Investment in Local Services: An allocation of £240 million will be directed toward local services to address community needs and infrastructure improvements. New Minimum Wage Rates National Living Wage (NLW): The NLW will increase to £12.21 per hour, reflecting a 6.7% rise. This adjustment is expected to benefit over 3 million low-income workers, providing an annual increase of approximately £1,400 for full-time employees. Market reaction after Budget The yield of the 3-M Glit slightly increased after the Budget but did not rise as sharply as following the Liz Truss mini-budget. The market appears less panicked this time, likely because it had more time to digest the situation after PM Starmer's repeated comments about a painful budget, which helped ease sentiment. This will not compel the Bank of England to rush into rate cuts or quantitative easing. The weekly chart indicates that the FTSE 100 may experience a false breakout, as suggested by the wedge formed by the red line. The index has recently rejected resistance at the green line. If the FTSE falls below the short-term support line (blue), it will likely test 7052, which represents a 38.2% retracement from the low in March 2020 to the high in May 2024. Conclusion The Budget is expected to raise business operational costs, particularly labour costs, due to tax increases affecting corporations and National Insurance contributions. It remains to be seen whether more millionaires will leave the UK. Additionally, the capital gains tax is likely to reduce landlords' interest in purchasing rental properties, which may impact the property market by decreasing demand for new homes and increasing rents.
TVC:UKXShort
by bruceyam
UK100 PREPARTION AND TIME TO KILLTeam, yesterday's market was very volatile, but we managed to make some profit and set our stop loss at BE. Today, we will have our entry at the current market price at 8155-62 We will add more at 8130-35 - WHY? We could see (markets marker) trying to spike down to hit stop loss and then moving back quickly, so we want to catch that. So our stop loss will be at 8115 Our Target 1 - 8186-88 Target 2 at 8206-12 Target 3 at 8232-46 We are expecting this week or next week; the price should be back toward the 8260-8320 ranges. NOTE: Once the price hits our first target of 8186-88, bring the stop loss to 8145 or BE. We will be booking 50% profit at this level.
PEPPERSTONE:UK100Long
by ActiveTraderRoom
1
UK100 - lets KILL THE BEAST againTeam, yesterday's market was very volatile, but we managed to make some profit and set our stop loss at BE. Today, we will have our entry at the current market price at 8155-62 We will add more at 8130-35 - WHY? We could see (markets marker) trying to spike down to hit stop loss and then moving back quickly, so we want to catch that. So our stop loss will be at 8115 Our Target 1 - 8186-88 Target 2 at 8206-12 Target 3 at 8232-46 We are expecting this week or next week; the price should be back toward the 8260-8320 ranges. NOTE: Once the price hits our first target of 8186-88, bring the stop loss to 8145 or BE. We will be booking 50% profit at this level.
PEPPERSTONE:UK100
by ActiveTraderRoom
LONG UK FTSEFTSE is in range bound and will continue even after the budget on Wed 30th. I wanna be a buyer when price is at the bottom of the range. Two possible entries long: 8,188 (aggressive) and 8,125 (conservative). Condition for the entry is that the price should reach the said levels and then a close aggressively above. Note that price is also in oversold on Daily and 4h, wich add confluence to this idea. I will update the idea, so if you follow this idea you see if and when I enter.
FX:UK100Long
by zito82
FTSE Bullish break-out taking place. Target 8650.Almost 2 months ago (August 30, see chart below) we called for a rejection of FTSE 100 (UK100) back to the Symmetrical Support Zone (SSZ), where our next buy entry would be: As you can see, the price action duly delivered and the price has been gradually rising off the SSZ to the point where last week it broke above the Lower Highs trend-line. The 1W RSI is also about to make a bullish break-out above its own Channel Down. We have seen this kind of pattern during the previous two Bullish Legs since late 2022. Every time they broke above the Resistance Zone, the price peaked around the 1.382 Fibonacci extension. As a resut, our new long-term Target is 8650. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CAPITALCOM:UK100Long
by TradingShot
The Best Way To Trade A Ranging Index (FTSE100)Many Indices will range from time to time, often as the direction for that particular economic zone becomes less clear. That is typical for the FTSE, and at the moment worries around the highly anticipated UK budget are keeping it stalled. This range has been repeated for a long period of time and gives you a gauge of the acceptable value of the Index right now amongst the vast amount of traders/investors alike. It must be understood that an eventual break is likely, either up on risk on, or down on risk off (either globally, or specific to the FTSE and it's investor confidence levels). For me, I like to look short nearer highs, long nearer lows. The longer this goes on, the lower the risk level must be as an inevitable break will come. This is better as oppose to trying to 'guess' where investment will go in, or out of the FTSE. This strategy similarly can be applied to any other index when it stalls or indeed when it is in clear up/downtrend.
CAPITALCOM:UK100
by WillSebastian