UK100 trade ideas
Weekly Analysis of UK100 Butterfly 🦋 the detail is shown in the above Idea.
I made this Idea based on Candlestick Analysis and Harmonic pattern using Fibonacci tools.
In the context of financial markets, the phrase " pull back to last golden level and flying UK100 butterfly to next golden level at 8320 " suggests a potential upward movement in the UK100 index, possibly after a period of consolidation or retracement.
Traders and investors may interpret this as a signal to anticipate a bullish momentum, aiming for a target level around 8320.
It highlights the importance of identifying key support and resistance levels, and the potential for significant price movements.
As with any market analysis, it's crucial to consider risk management strategies before making trading decisions at black circular region .
FTSE100 Looking BEARISHThe long term outlook for the FTSE100 is not looking good as it seems an ' ending diagonal ' or a ' leading diagonal ' has formed as shown in this weekly chart.
' A leading diagonal (or an ending diagonal) is typically followed by a deep retracement ' (Frost & Prechter ).
Also, ' the fifth wave of an ending diagonal often ends in a "throw-over" i.e., a brief break of the trendline connecting the end points of waves (1) and (3) '.
Therefore, it is highly likely that the FTSE100 will eventually retrace down to meet to the lower trendline shown in the chart at around the 6000 price level. A throw-over is also possible, whereby the upper trendline will momentarily be broken upwards prior to the move downwards. This is something to keep in mind if placing stops close to the high.
I hope you enjoyed this analysis and I welcome any comments / alternate views.
UK100 Extends Consolidation on Murky Monetary Policy OutlookUK100 has pulled back following its May record peak and has entered consolidation mode, as uncertainty around BoE’s policy path has taken hold. Although policymakers have pointed to a less restrictive stance ahead, there is no clarity around the timing of a pivot. The last inflation print did not help, as market pared back bets for a cut in August, since CPI persisted at 2% and the services component remained sticky.
This sustains risk for a breach of the pivotal 38.2% Fibonacci of this year’s rally, which would bring the 200Day EMA (blue line) in the spotlight, although deeper weakness does not look easy.
The central bank has hinted at lower rates ahead, price pressures have moderated and the economy exited its brief recession. Furthermore, the new government could usher in a much needed period of stability, while the change in listing rules cam reinvigorate the IPO market and boost sentiment.
UK100 has already defended the 38.2% Fibonacci multiple times, containing the correction to levels that reaffirm the upside potential. Bulls have the ability to reclaim 8,369 and eventually push for new all-time highs (8,488).
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Past Performance is not an indicator of future results.
Layup trade in FTSE 100?The FT100 has formed a descending triangle over the past 53 days, with 14 showing the price settling into a small rectangle pattern. The rectangle pattern is my favourite setup, and both patterns are equally significant, making managing entries and stops easy.
A break below 8,110 suggests the stock could drop by 2.6% to 7,899, while a break above 8,284, the upper limit of the rectangle pattern, could lift the price to 8,462. We are looking for a breakout in either direction, ideally confirmed by movements in other stock indices.
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Took off for an ATH?After ranging for a few weeks, it seems it's accumulated enough liquidity to keep the momentum to create a new ATH.
UK100UK100 is trading in range bound with 150 pips range.
some time ranges are the best things to play just buy the support and sell the resistance.
as this one is 100 pips range which can deliver fine risk to reward.
currently the price is at support level and being rejected due to buying pressure.
will the pair head back to resistance area ?
what you guys think of this idea ?
Analysing the FTSE 100's Summer ConsolidationSince mid-May, the FTSE 100 index has been in a consolidation phase. In this analysis, we'll build a picture of this phase by sequentially adding technical indicators to the daily candle chart of the FTSE 100. While technical indicators can provide valuable insights, overloading a chart with too many can be overwhelming. We'll take a methodical approach to enhance clarity and understanding.
Horizontal Support and Resistance
Let’s start with the fundamentals of price action trading – horizontal support and resistance levels. For many traders, these levels are all that is needed to make informed decisions.
Even this minimalistic view of the FTSE provides valuable information about market price action. We can see that the market has started to establish an area of support in recent weeks. During the last month, the FTSE has formed four swing lows around a similar level.
Past performance is not a reliable indicator of future results
Price Pattern Observation
By mapping the recent series of swing highs and lows, we can see a wedge pattern starting to emerge. This wedge suggests that the market is being "funnelled" into an apex, a formation that often precedes significant trending moves.
Past performance is not a reliable indicator of future results
Anchored VWAP
Adding the volume-weighted average price (VWAP) anchored to the April swing lows, which preceded the last trend leg higher, we see that the FTSE is consolidating around the anchored VWAP. The VWAP is moving horizontally, indicating the market has reached a short-term equilibrium.
Past performance is not a reliable indicator of future results
Fibonacci Levels
Adding the 50% Fibonacci retracement of the recent trend from April to May, we find it aligns with the horizontal support levels formed over the last month. This adds depth to our market structure analysis.
Past performance is not a reliable indicator of future results
Volume
Finally, we add a volume histogram to our chart, which shows decreasing volumes in recent weeks – a common summer trend. A breakout above the wedge on rising volume may indicate the FTSE’s long-term uptrend is ready to resume.
Past performance is not a reliable indicator of future results
Disclaimer: This is for information and learning purposes only. The information provided does not constitute investment advice nor take into account the individual financial circumstances or objectives of any investor. Any information that may be provided relating to past performance is not a reliable indicator of future results or performance. Social media channels are not relevant for UK residents.
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UK100 to find support at market price?UK100 - 24h expiry
Price action looks to be forming a bottom.
This is positive for short term sentiment and we look to set longs at good risk/reward levels for a further correction higher.
Dip buying offers good risk/reward.
We look for a temporary move lower.
Further upside is expected although we prefer to buy into dips close to the 8175 level.
We look to Buy at 8175 (stop at 8135)
Our profit targets will be 8275 and 8295
Resistance: 8480 / 8570 / 8720
Support: 8010 / 7870 / 7725
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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.
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Heading into 50% Fibonacci resistance?UK100 is rising towards the pivot which acts as an overlap resistance and could reverse to the 1st support.
Pivot: 8,234.64
1st Support: 8,165.20
1st Resistance: 8,272.91
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uk100------Bearishthere is continuation flag making and previous there is divergence on H1 take trade from fib 0.5 level with 20 ema candle rejection
FTSE 100 Index Behaves Bullishly Amid ElectionsFTSE 100 Index Behaves Bullishly Amid Elections
On Friday, the FTSE 100 index rose by 0.4% to 8273 points, continuing its 0.9% rise on Thursday. According to Trading Economics, the centre-left Labour Party, as expected, won the parliamentary elections and secured a majority, ousting the Conservative Party after 14 years in power.
The Labour Party emphasised the importance of economic stability in its decisions and committed to strict budgetary spending rules.
Prime Minister Sunak conceded defeat, and the UK stock market positively received the official election results. As shown by the chart, the FTSE 100 index (UK 100 on FXOpen) has risen by approximately 1.9% from the July 2nd low.
However, the situation remains unfavourable for the bulls.
According to the technical analysis of the FTSE 100 (UK 100 on FXOpen) chart:
→ the market has formed an upward trend (shown in blue), but its relevance remains in question;
→ the B→C rise constitutes 50% of the A→B downward impulse – a bearish sign;
→ in June, the price formed a range zone (shown with red lines), within which it currently resides.
In a favourable scenario, the bulls may break the upper boundary of the red range to return within the long-term channel.
Otherwise, the long-term blue channel will lose its relevance, and the Labour Party may experience a period of decline in the FTSE 100 index (UK 100 on FXOpen) early in their term.
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UK100 ----Bearishthere is decending triangle with divergence in H1 still there is trend bearish put sell stop on below the previous HL of H1 time frame
UK100 Bullish Trade Idea Uk100 Is Looking Good In the Bullish Direction After Being Bearish for a Few Days.
Now Uk100 is Making Consecutive HL and HH.
FTSE Losing Steam (Next Moves)Previous long zones have presented themselves repeatedly around the current area, and lower highs have brought a continuous return to these areas.
This is because the long side bias that existed for so long around UK Stocks has started to fade.
Buying, therefore, comes with caution. Would not be shocked if you get lower nearer 8060.
Only RE-shorting on pushes back up to continue lower high structure.
FTSE 100 Inverted Cup-And-Handle Hints at Bearish BreakLike Germany's DAX that we highlighted earlier today, the UK's FTSE 100 is also on the verge of a bearish break down after a strong start to 2024.
The UK index has formed a clear inverted cup-and-handle pattern over the last 10 weeks. Akin to the "head" and "right shoulder" of a head-and-shoulders pattern, this setup shows fading buying pressure and a potential reversal of an established bullish trend if the neckline, in this case at 8110, gives way. In that scenario, the UK index could erase much of the Q2 gain and retreat toward the 200-day MA around 7800.
