UK100 trade ideas
uk100 daily overview of key s/r levels buy/hold trade🔸Hello traders, today let's update the 2daily chart for UK100. We are currently testing
weak s/r level near 7300, however I expect the level to break soon and more downside.
🔸Price was rejected off the highs recently and correction in progress now expecting
more losses until we bottom out near 6900, which is a great level to buy/hold for the bulls.
expecting a re-test of mirror s/r level at 7650 points, so this makes this a decent setup
on buy side (10% upside)
🔸recommended strategy bulls: wait for correction to complete near 6900, do not buy/hold
right now, since current s/r level won't hold (weak s/r level) and more losses incoming.
get ready to buy/hold low near 6900 points targeting mirror s/r level at 7650. 10% upside,
low risk entry on buy side. good luck traders!
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FTSE100 Short Term Rebound #WaveAnalysis #UK100
#FTSE100 index reversed from support level 7200
Likely to rise to resistance level 7400
FTSE100 index recently reversed up from the powerful support level 7200 (former multi-month low from March), coinciding with the lower daily Bollinger Band.
The support level 7200 was further strengthened by the nearby support trendline of the wide daily down channel from April.
Given the strength of the support level 7200 and the oversold daily Stochastic, FTSE100 index can be expected to rise further toward the next resistance level 7400.
FTSE Elliott Wave Analysis for Monday 21/08/2023It looks like we will get more downside in the FTSE. We are looking to a short a wave B. If we do not get the wave B, we can go long again after the correction is finished (wave (Y)).
FTSE Elliott Wave Analysis Higher Timeframe (20/08/2023)In the higher timeframe, investors should wait for the next pullback to buy again. We are approaching the first relevant areas.
FTSE, Deviation then a drop?! UK100 / 4H
Hello traders, welcome back to another market breakdown.
FTSE is rallying back again above an old high which can be a run for stops.
I'll be looking for more confirmation with a clean invalidation if it comes back bellow the Mid.
Checkout the chart for the levels and my trigger plan for a swing trade.
Trade safely,
Trader Leo.
FTSE Elliott Wave Analysis for Friday 18/08/2023The wave ((b)) of the abc correction might be finished. We are in the areas where wave c, wave (y), and wave ((b)) should end. From here we can expect a reversal.
FTSE100 short setupSHORT idea
Retracement to supply zone, wait for low timeframe confirmation of market structure break in the OTE zone.
Entry: around 7720 area
Stop at the LTF swing high: 7800
First target: 7570 (2R)
Second target: 7460 (3R)
third target at the swing lows around 7340 (5R)
FTSE Elliott Wave Analysis for Thursday 17/08/2023The wave ((b)) of the abc correction might be finished. We are in the areas where wave c, wave (y), and wave ((b)) should end. From here we can expect a reversal.
FTSE FlirtIf you see the price flirting with one of the curves, it's not what I am looking for. I am more interested in rebounds that might signal the end and the beginning. Of a Wave. No Trading Advice here, but I am still looking forward to see some interesting price action on this drawing.
FTSE Elliott Wave Analysis for Wednesday 16/08/2023The wave ((b)) of the abc correction might be finished. We are in the areas where wave c, wave (y), and wave ((b)) should end. From here we can expect a reversal.
FTSE Elliott Wave Analysis for Tuesday 15/08/2023More downside is expected as an abc correction to finish wave c, wave (y) and ((b)). From there we go long again.
uk100 longI long swing idea is that uk100 will hold above the last year closing price and end the year positive
FTSE Elliott Wave Analysis for Monday 14/08/2023More downside is expected as an abc correction to finish wave (y) and ((b)). From there we go long again. However, if the current wave (x) high does not hold, another short can be initiated.
UK100/FTSEUK100 Longs here, higher lows formed from the bottom (Deeper pullback of a major bull trend on higher TF). Looking for Volume to explode to the upside.
FTSE Elliott Wave Analysis Higher Timeframe (12/08/2023)In the higher timeframe, we are still bearish but currently doing a correction to the upside. For traders, a good short opportunity is coming. Investors should wait for the next pullback to buy again.
FTSE Elliott Wave Analysis for Friday 11/08/2023As proposed yesterday, we sold the wave (x). If the current high does not hold, another short can be initiated. We now wait for more downside. Next step is to buy wave (y) and ((b)).
Regular Bearish Divergence on UK100I am working a strategy that includes divergence. But first I need to be able to IDENTIFY divergence. I will be posting 4 charts of 4 types of divergence. Feel free to give feedback.
These posts will not complete analysis of the instrument.
FTSE Elliott Wave Analysis for Thursday 10/08/2023We are somewhere in between and we have to wait for more upside or downside before entering a trade. In case of more upside, the wave (x) can be sold. In case of more downside, the wave ((b)) can be bought.
FTSE Elliott Wave Analysis for Wednesday 09/08/2023We are somewhere in between and we have to wait for more upside or downside before entering a trade. In case of more upside, the wave (x) can be sold. In case of more downside, the wave ((b)) can be bought.
UK100-BULLISHAs there is a Bullish divergence,
showing a Falling Wedge,
taking entry of buy stop
if last LH breaks,
EP:7570
SL:7484
RISK 1%
LOT:
TP01:7656
TP02:7742
