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.
UK100 trade ideas
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.
UK100 LONGJUST THINKING OF THIS INDEX TO CONTINUE GOING UP SINCE THE PRICE IS AT RETRACEMENT AT THE MOMENT BUT WHEN THE MARKET OPENS IT WILL RESIST ABIT THEN GOING UP,
for those who have entered the market keep on holding the trade till tp
buy uk 100 A very strong opportunity in uk 100 is available to enter now if you suffer a loss in the field for a long time. Follow me and you will not regret
buy uk100A very strong opportunity in uk 100 is available to enter now if you suffer a loss in the field for a long time. Follow me and you will not regret
FTSE Elliott Wave Analysis for Thursday 13/07/2023In the higher timeframe, we are doing a pullback. Also, the lower timeframe looks bearish. We see an opportunity for a short trade today.
h+S breakdownmonthly chart shows price @ the upper band
of the range. (short)
and daily chart showing h+S pattern
sell this baby. all indices are looking toppy.
Governments trying to prop up asset prices by
flooding the economy with cheap money.
there aint no such thing as a free lunch.
if asset prices keep rising.... a loaf of bread will be
$100 in a few years.
FTSE Elliott Wave Analysis for Wednesday 12/07/2023In the higher timeframe, we are doing a pullback. Also, the lower timeframe looks bearish. We see entries for both a long trade and short trade today. We wait for more data to see which trades we can enter.
Trials for the UK Stock Market ContinueYesterday, the head of the Bank of England, Andrew Bailey, spoke about the need to complete the work on suppressing inflation, which is now higher than in any other major country in the West. Market participants expect that at the next meeting of the Bank of England (it will be held on August 3) a new increase in interest rates will be announced.
Bailey's last words boosted the value of the pound, which set a year high against the US dollar this morning. On the other hand, the stock market is dominated by negativity. The price of the FTSE 100 index is near the low of the year, while providing evidence of bear dominance for a long time:
→ level 7,680 has ceased to be a support, and has already worked as a resistance;
→ the level of 7,450 has ceased to be a support, and, perhaps, will continue to provide resistance;
→ having reached support around the level of 7,230, the price has not yet shown signs of a confident recovery over the past four trading sessions.
This suggests that selling pressure is present and could push the FTSE 100 price down to the low of the year that was set on March 20th.
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FTSE Elliott Wave Analysis for Tuesday 11/07/2023In the higher timeframe, we are doing a pullback. Also, the lower timeframe looks bearish. We see entries for both a long trade and short trade today. We wait for more data to see which trades we can enter.
UK100 Bullish Move aheadUK100 is showing bullish signs after confirmation of Double Bottom and Bullish divergence
uk100 daily swing trade setup tp bulls +765 points🔸Hello traders, today let's review the daily chart for UK100. Recently solid gains and we
re-tested the ATH however correction/pullback in progress now. rejection near 7900.
🔸This is a setup based on repeat price fractal. 7615 heavy resistance overhead, right now
we are trading at 7265, pullback in progress and expecting further losses this week/next week.
key supports / reload zones for bulls below: at 6850 and 7000. expecting correction to
complete in 1-3 weeks and then we should be ready for a bounce play.
🔸recommended strategy bulls: wait for pullback/correction to complete near
reload zones and be ready to buy low. SL fixed at 6750. TP1 +400 TP2 +765 points
final TP bulls is 7600/7615. swing trade setup / patience required. good luck!
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FTSE Elliott Wave Analysis for Monday 10/07/2023In the higher timeframe, we are doing a pullback. Also, the lower timeframe looks bearish. We see entries for both a long trade and short trade today. We wait for more data to see which trades we can enter.
Turmoils in the UKThe British benchmark index is in a rapid decline.
However, the market tends to simply "slip through" only in exceptional conditions, which I do not currently see in the overall market. There is a chance that there will be a short-term reversal at the March 2023 lows .
We place the SL a bit below the low so that we get a reasonable CRV of 3:1 .
In the longer term, it is likely that the FTSE will head for the area around 6,850 . There is a lot of liquidity down there and it wants to be cleared.
Therefore, there is also a short setup in the chart.
UK100 Long Trade AnalysisPlace buy stop above trendline on UK100 or wait for trnsline to break to get entry.
Manage your risk accoring to account size.
