UK100 testing a key level UK100 is now testing, and has already rejected the resistance level it is currently at…. With the Friday news it soled but the general trend is down… Will this continue? I think soUShortby RGPrimePublished 0
FTSE100 Q4 23 and Q1 24 Support and resistance levelsA support and resistance diagram for the FTSE 100 provides a visual representation of key price levels where the index tends to find buying or selling pressure. This tool is widely used by traders and analysts to make informed decisions about their trading strategies. Here's an overview of what such a diagram may look like: 1. **Horizontal Lines**: A support and resistance diagram for the FTSE 100 typically includes horizontal lines at various price levels. These lines represent historical points where the index's price has either stalled (resistance) or rebounded (support). 2. **Support Levels**: Support levels are price points where the FTSE 100 tends to find buying interest. When the index approaches a support level, it often experiences a bounce or a slowdown in its downtrend. Traders often view these levels as potential buying opportunities. 3. **Resistance Levels**: Resistance levels are price points where the FTSE 100 tends to encounter selling pressure. When the index approaches a resistance level, it often struggles to move beyond that point. Traders consider these levels as potential selling opportunities. 4. **Trendlines**: In addition to horizontal lines, trendlines may also be included in the diagram. Trendlines connect the peaks (resistance) and troughs (support) in the FTSE 100's price movement, helping to visualize the prevailing trend. 5. **Historical Data**: The diagram may be plotted based on historical price data, which can be adjusted to reflect different timeframes (e.g., daily, weekly, monthly). The longer the timeframe, the more significant the support and resistance levels tend to be. 6. **Annotations**: Traders often add annotations to the diagram to provide context or highlight specific events or news that may have influenced the FTSE 100's price movements at certain levels. 7. **Volume Indicators**: Some traders incorporate volume indicators into their support and resistance diagrams. Volume can provide additional insights into the strength or weakness of support and resistance levels. 8. **Dynamic Levels**: In dynamic support and resistance diagrams, the lines may shift over time as new price data becomes available. This reflects the evolving nature of financial markets and allows traders to adapt their strategies accordingly. 9. **Psychological Levels**: Certain price levels, such as round numbers or key milestones (e.g., 10,000 points), can have psychological significance and may be included in the diagram as potential support or resistance levels. 10. **Trading Strategies**: Traders use these support and resistance levels to develop trading strategies. For example, a common strategy is to buy near support levels with a stop-loss just below the support, and sell near resistance levels with a stop-loss just above the resistance. Overall, a support and resistance diagram for the FTSE 100 serves as a valuable tool for technical analysis and helps traders make informed decisions based on historical price behavior. However, it's important to note that these levels are not foolproof, and market conditions can change rapidly, so traders should use them in conjunction with other analysis methods and risk management strategies.by AliMuqeemPublished 2
FTSE Elliott Wave Analysis for Friday 06/10/2023It looks like wave X is finished. However, as long as we see too much overlap in the move up, we cannot exclude the secondary scenario. The secondary scenario calls for two more swings as a wave (b) and (c). 05:32by AndyCuckooPublished 0
UK100 - 05/10/23UK100 This has just bounced from the $7400 DEMAND zone created in SEPT, looks like it might come up to test the 50 EMA and I will be waiting for the reaction from there to trade it either way!by mikey_s_tradesPublished 2
FTSE Elliott Wave Analysis for Thursday 05/10/2023It looks like wave X is finishing. We might be working on the final swing of the corrective move down. 06:45by AndyCuckooPublished 2
UK100 to find buyers at market?UK100 - 24h expiry Price action has continued to trend strongly lower and has stalled at the previous support near 7425. We expect a reversal in this move. Risk/Reward would be poor to call a buy from current levels. A move through 7500 will confirm the bullish momentum. The measured move target is 7600. We look to Buy at 7420 (stop at 7360) Our profit targets will be 7570 and 7600 Resistance: 7500 / 7550 / 7600 Support: 7450 / 7425 / 7400 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed. Longby OANDAPublished 2
Uk100 intraday bearish Looking to sell after h1 fvg taken . Then the breaker Shortby aharon44Published 0
FTSE Elliott Wave Analysis for Wednesday 04/10/2023It looks like wave W is finished and we can now see further downside as a wave X. It looks like wave X is missing two more swings to finish as a wxy structure.07:47by AndyCuckooPublished 0
FTSE 100 Index | SHORTING IDEA3 confiences: 1. 1H Trendline 2. Weekly Trendline 3. Daily Trendline If we are on the shorting area then I post a new idea for looking a possible short.by thetradeaiPublished 1
FTSE Elliott Wave Analysis for Monday 02/10/2023 (+ Higher TF)For traders (lower timeframe): It looks like wave W is finished and we can now see further downside as a wave X. For investors (higher timeframe): In the higher timeframe, investors should wait till the higher degree WXY correction is finished.16:38by AndyCuckooPublished 2
UK stock market index in monthly time frameConsecutive ceilings in the chart and lower ceilings in the indicator, which represent the negative divergence and further correction of the index of the stock market and the UK economy.Shortby NavidBasatzadehPublished 4
FTSE Elliott Wave Analysis for Friday 29/09/2023As forecasted we saw more upside in the FTSE. We now reached areas from where we can start to reverse. We are looking for exhaustion signs to end wave A.07:25by AndyCuckooPublished 2
UK100 H4 | Rising into 38.2% Fibo resistanceUK100 is rising towards an overlap resistance and could potentially reverse off this level to drop lower. Sell entry is at 7647.16 which is an overlap resistance that aligns with the 38.2% Fibonacci retracement level. Stop loss is at 7700.00 which is a level that sits above a Fibonacci confluence i.e. the 61.8% retracement and the 100.0% projection levels. Take profit is between 7564.00 and 7551.55 which is a pullback support that aligns close to the 50.0% Fibonacci retracement level. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you. Forex Capital Markets Limited (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Europe Ltd, previously FXCM EU Ltd (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. FXCM Australia Pty. Limited (www.fxcm.com): Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com Stratos Global LLC (www.fxcm.com): Losses can exceed deposits. Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd. The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.Short05:38by FXCMUpdated 111
FTSE Elliott Wave Analysis for Thursday 28/09/2023As forecasted we saw more upside in the FTSE. We now reached areas from where we can start to reverse. We are looking for exhaustion signs to end wave A.05:10by AndyCuckooPublished 1
28 September 2023 - FTSE100 SellI was stalking a sell on the FTSE100 as it came up as a pair of high interest in my preparation for the day (covered in my market prep stream earlier today). I have seen signs of the M15 buyers getting trapped, which has triggered the sell entry.Short09:02by RA-AHPublished 0
UK100-IN BEARISH TRENDUK100 is in a bearish trend and making a series of LLs and LHs, as the price gets rejected from resistance also with doubles with bearish divergence which adds confluences to our plan. what do you guys think about this? let me know.Shortby Profithunter71Published 2
UK100 LongIn continuation to Analysis of UK100 on 11th September, the price has retraced 50% after breaking the down trend. It is time to take long positions and aim for 7900 above which could be reversal as shown by AB=CD pattern.Longby maberlPublished 0
#FTSE #UK100 Trading The CorrectionIn this update we review the recent price action in the FTSE 100 and identify the next high probability trading opportunity and price objectives to target PAST PERFORMANCE NOT INDICATIVE OF FUTURE REULTSF01:17by TickmillPublished 3
UK100UK100 was trading in strong bullish channel till the sellers took control from channel resistance and has given the massive sell rally. That sell rally break the ascending trendline. Now the price is retesting the broken channel and broken support level with strong bearish divergence. it seems like the sellers can attack again this bearish confluence. If the sellers takes charge again, the next target could be 7400. What you guys think of this idea?by JustTradeSignalsPublished 2
FTSE Elliott Wave Analysis for Wednesday 27/09/2023As forecasted we saw more upside in the FTSE. We now reached areas from where we can start to reverse. We are looking for exhaustion signs to end wave A.04:13by AndyCuckooPublished 222
UK100upside liquidity sweep and the market gave us a bearish pattern on the lower timeframesShortby Tiisetso_ChartsPublished 3
UK100: Continuation watchToday's focus: UK100 Index Pattern – Continuation Pattern Support – 7629 - 7588 Resistance – 7720, 7916 Thanks for checking out today's update. Today, we have run over UK100, breaking down the overall price picture, levels, and patterns and incorporating moving average and RSI into the analysis. The primary focus of today's look at the UK100 is the current uptrend, forming a new higher low in today's session. This continues to push the case for a new leg high from buyers. Resistance at 7720 is the first big test, and if we can see a new move up, this level needs to be cleared to break the current range. If today's fightback from 7629 support fails, we could see a move that may try to retest the range base. We will be watching Price and mainly Buyers over the next several sessions to see if we get a breakout. Good trading. U02:43by EightcapPublished 0
FTSE Elliott Wave Analysis for Tuesday 26/09/2023As forecasted we saw more upside in the FTSE. We now reached areas from where we can start to reverse. We are looking for exhaustion signs to end wave A.08:44by AndyCuckooPublished 0