FTSE Elliott Wave Analysis for Tuesday 08/08/2023We are now somewhere in between and we have to wait for a bit more upside or downside before entering a trade. In case of a bit more upside, the wave (x) can be sold. In case of a bit more downside, the wave ((b)) can be bought. 08:10by AndyCuckooPublished 0
FTSE 100 - Market outlookThe UK stock market continues unstable dynamics against the background of an upward correction in the bond market, which even positive corporate reports cannot compensate for. Thus, the automaker Rolls-Royce Holdings plc recorded revenue growth to 6.950B pounds, exceeding the 6.059B pounds expected by analysts, and earnings per share of 0.0218 pounds compared to -0.0088 pounds earlier. In turn, pharmaceutical giant Gedeon Richter Ltd. showed a steady increase in revenue to 203.78B forints compared to preliminary estimates of experts at 185.33B forints, while earnings per share amounted to 155.0 forints, which is also higher than the forecasted 143.0 forints. Meanwhile, local growth is observed in the domestic UK bond market: 10-year securities are trading at a rate of 4.4305%, rising by 1.22% relative to Friday's close, and conservative 20-year ones are trading at 4.678%, adding 1.63%. The upward dynamics is also recorded for 30-year bonds, which are currently held near the key yield level of 4.621%, rising by 1.13% since the beginning of trading. FShortby DCFX-TAPublished 220
FTSE Elliott Wave Analysis for Monday 07/08/2023We believe the wave ((b)) to the downside can be finished. If not, it becomes the next buying opportunity. A wave ((c)) to the upside should follow. 05:13by AndyCuckooPublished 1
FTSE Elliott Wave Analysis Higher Timeframe (06/08/2023)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. 08:22by AndyCuckooPublished 0
Market Uncertainty Deepens in Europe as Stocks Extend Losses Stocks extended losses for a third day in Europe on Thursday amid rising uncertainty ahead of key macro data. Risk appetite continued to fall after the downgrade of the US credit rating combined with the latest batch of mixed earnings reports sparked economic worries. Investors have seized the opportunity to limit their exposure to stocks while waiting for more bullish market drivers ahead of key macro data from the US and Europe. While all eyes are likely to be on tomorrow's highly awaited US NFP, the focus of investors today is likely to be on the Bank of England's rate decision. While a 25 basis point rate increase is widely expected, there is still some speculation about the possibility of a more hawkish stance in the form of a 50 basis point rate hike, which has weighed on market sentiment. Traders will closely scrutinise the speech of BoE Governor Bailey to glean insights into the outlook for interest rates and bond sales for the rest of 2023. While there is already speculation about a continuing hawkish stance due to stubbornly high UK inflation, investors remain cautious and await further clarity from the central bank. The FTSE-100 index is currently testing its 50% Fibonacci retracement at 7,474.0pts, in a sharp bearish price action since the appetite for stocks fell everywhere, and we expect market volatility to increase further with today's and tomorrow's macro announcements. Pierre Veyretโ Technical analyst, ActivTrades FShortby ActivTradesPublished 2
UK stock market weaker after the FITCH downgrade of the USSentiment seems to have taken a hit due to the recent FITCH downgrade of the US. We took a look at the UK stock market (we previously indicated a potential downward correction for the S&P earlier in the week) What's concerning is the attempt to surpass the 61.8% retracement level, which stood at 7723 based on this year's movement. Unfortunately, it has experienced a clear setback from here. Currently, we find ourselves at the 55-week moving average, which sits at 7521. Should we not find support here, it opens the possibility of testing the 3-year support line at 7275.Short01:21by The_STAPublished 3
FTSE 100 SHORTShorting FTSE, Seems still to be a lot of dip buying mentality go slowShortby AssimMahmoodUpdated 111
FTSE Elliott Wave Analysis for Tuesday 01/08/2023Data is unclear for now. Ideally, we wait for the end of the upward structure and initiate a short from there.07:01by AndyCuckooPublished 0
FTSE EyesThis is a deduction drawing using the previous highs and lows to create something that might make sense. Potential support and resistance shapes from which the price might bounce again. A machine learning instrument (AI) would probably detect these math equations and have an eye for the potential future bounces. Traders are usually busy trying to identify flags, channels, and other simple patterns. There might be some intelligence behind the noise that we perceive on the charts. There might be more math than randomness. Doesn't necessarily matter. This is just an experiment.by nenUpdated 220
Elliott wave analysis UK100 indexDue to the completion of the main wave 5 We will expect a wave 5 correction The correction ahead will be deep and fast Good luckShortby M_GheysvandiPublished 20
LONGThe market is failing to break the support level..buyers ought power over sellers Longby CORELEANPublished 2
FTSE Elliott Wave Analysis for Monday 31/07/2023Data is unclear for now. Ideally, we wait for the end of the upward structure and initiate a short from there.06:08by AndyCuckooPublished 0
FTSE Elliott Wave Analysis Higher Timeframe (29/07/2023)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.11:11by AndyCuckooPublished 222
FTSE Ahead of a major bullish break-out.The FTSE 100 Index (UK100) is consolidating above the Support of the 1D MA200 (orange trend-line) with the 1D RSI at 66.250. This is the symmetrical level is was trading at during the November 04 - 09 2022 consolidation. Both near the 1.5 Fibonacci extension level. That fractal eventually broke upwards, hit the Lower Highs trend-line (the dominant Resistance) and extended to Fib 2.0 even marginally surpassing the Resistance of the last Lower High. We are going long on that buy signal and target the 7900 (Fib 2.0). ------------------------------------------------------------------------------- ** Please LIKE ๐, FOLLOW โ , SHARE ๐ and COMMENT โ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- ๐ธ๐ธ๐ธ๐ธ๐ธ๐ธ ๐ ๐ ๐ ๐ ๐ ๐Longby TradingShotPublished 5
FTSE Elliott Wave Analysis for Friday 28/07/2023In the higher timeframe, we are doing a pullback. Also, the lower timeframe looks bearish. We are waiting for the end of the upward structure and initiate a short from there.09:02by AndyCuckooPublished 110
UK100UK100 is trading at strong supply zone and also created very strong bearish divergence, these confluences putting sell pressure on uk100. as the inclining trendline also waiting for 3rd pivot to trendline. Will UK100 decline to support area ?by JustTradeSignalsPublished 335
#FTSE100 #UK100 Two Way Trading Opportunities In this update we review the recent price action in the FTSE100 and identify some high probability trading opportunities and price objectives to target *Past performance not indicative of future resultsF01:01by TickmillPublished 1
Trade 7692.8 (Long)Only fictional trading and no trading advise should be taken by me as I hold no responsibility but for my own financial investments. NB - I am not a financial advisor Longby TristanstryPublished 0
FTSE Elliott Wave Analysis for Thursday 27/07/2023In 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.08:29by AndyCuckooPublished 221
UK 100Buy setup on UK100 following a break of a strong daily resistance leading to the continuation of the larger buy trend. ULongby samuel_songweUpdated 1
UK100 looks to give us a move down.UK100 is now forming a bearish divergence and trying to break Neckline and if hourly candle closes below the Neckline, it should confirm the bearish signal towards our Take Profit Target.Shortby thrilledGuest90079Published 1
FTSE Elliott Wave Analysis for Wednesday 26/07/2023In 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.10:16by AndyCuckooPublished 3
FTSE Elliott Wave Analysis for Tuesday 25/07/2023In 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.07:12by AndyCuckooPublished 1