FTSE Elliott Wave Analysis for Friday 17/11/2023 (+ Higher TF)The FTSE is giving us very corrective and sideways price action. It is difficult to come up with a reliable forecast. The sideways price action fits in a bullish as well as a bearish scenario.09:34by AndyCuckoo1
FTSE 100 - Intra-day BULLThis market is showing signs of a BIG BEAR move (swing). This is tradings the pullback before the start of the run so counter trend... Longby elitetechfx-dailyUpdated 4
FTSE - BEARYes there you go another prediction where my structure points are always valid no mater the product... go take a look at the others and the eagle eyed will pick up some free hidden structure points when you scan the chartssss. Here is where the BULL took over Now is a shot down for some free money Shortby elitetechfx-daily1
UKXHello friends A 5-wave pattern is seen in the form of a corner pattern, which is usually in the initial wave 1 or the final wave 5, and the pattern is completed. Now we see a triangle pattern The triangle pattern is formed in wave B or wave 4 Therefore, we are facing two scenarios If it is wave 4, the price moves up and if it is ABC, it moves down Therefore, we wait for the break of the determined levels With the failure of each of the levels, you can enter the transaction Good luckby M_Gheysvandi2
FTSE Long bottom of the rangeI'm thinking about entering a long position. For a few reasons: - Trading range and low in it so limited downside for bears - Big sell climax bar, so bad short below. - Strong buying pressure to the left, so likely buyers below protecting my stop Downsides: - Follow-through bar next week could run stop in one go - sad face - I'm thinking entering half a position and then adding more above bull bars - expecting Wed / Thursday big bull bar as bears give up. Management - Half R position initially - Add on below a weak sell signal - Full position on before leaving the bottom third of the trading range - Go for 2:1, exit on a big bull bar higher up Hold for dear life :) Let me know what you think. Jump on board or fade me!Longby Zen_Trading_Tech3
FTSE to find buyers at market?UK100 - Intraday Indecisive price action has resulted in sideways congestion on the intraday chart. Risk/Reward would be poor to call a buy from current levels. Short term RSI has turned positive. A move through 7425 will confirm the bullish momentum. The measured move target is 7525. We look to Buy at 7365 (stop at 7315) Our profit targets will be 7485 and 7515 Resistance: 7425 / 7475 / 7525 Support: 7400 / 7340 / 7320 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 OANDA2
Possible UK100 buyers Shark Trendthe detail is shown in the above Idea. I made this Idea based on Candlestick Analysis and Harmonic pattern. UK100 rise up and two circles ( Shark eyes of stock buyers ) monitor the market and we can expect a correction in Fibo 78.6 then Buyer Shark jumps up higher to reach 8000. Good Luck. by SEYED98Updated 117
UK100: Thoughts and Analysis Today's focus: UK100 Pattern – LH decline Support – 7375 - 7250 Resistance – 7466 - 7710 Hi, and thanks for checking out today's update. Today, we are looking at the UK100 on the daily chart. Today's video asks if the UK100 will continue to move lower after setting up a few beach technical signs. What do you think about the reasons presented in today's video update? Are the lower highs after the trend break and failed rally yesterday a new momentum shift to sellers in the short term? We continue to look at major index influences and watch today's UK GDP. If buyers are able to reverse today's selling and break the 7466 resistance, this will cancel out this sell idea. Good trading.UShort02:49by Eightcap4
FTSE REMAINS INDECISIVEIn the reported financial update, the FTSE 100 index experienced a slight decline of 0.11% to close at 7,401.72 on Wednesday. This drop was primarily driven by weaknesses in the financial and mining sectors but was partially offset by robust results in the retail sector. Notable companies such as National Grid, BP, Shell, Anglo American, and Fresnillo contributed to the index's decline. In contrast, Marks & Spencer reported a significant surge in first-half profits, leading to an almost 9% increase in its share price. Other retailers like JD Wetherspoon saw strong sales growth, while ITV reported modest revenue improvement but faced a 6% drop in its share price. Additionally, the economic news highlighted Eurozone retail sales declining for the third consecutive month, with notable drops in non-food products and automotive fuel, though August's figures were revised upward. On the technical side, RSI is in the neutral zone, but MACD is showing buy signals. In case of Bullish movement, the price might reach levels of 7491. As a pivot point might be considered 7409, from where the price might fall to 7351. Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses.by legacyFXofficial0
FTSE Elliott Wave Analysis for Thursday 09/11/2023The FTSE is giving us very corrective and sideways price action. It is difficult to come up with a reliable forecast. The sideways price action fits in a bullish as well as a bearish scenario.04:02by AndyCuckoo1
FTSE100 | UK Stock Market | Price Action MasterclassHey Traders, Global indexes are easier to read when you can see where market value exists. I previously called it short from the highs in this analysis: This was just before the mammoth fall in which we have seen. The UK economy has been subdued and the latest Inflation readings are not appetising. This is causing huge uncertainty within the British economy and has led to lowered company forecasts and problems with growth. Policy setters are attempting to battle their way through and politicians are determined to not give tax cuts further adding to the issue. The actual index itself has formerly rallied to new highs due to the heavy weighted oil companies within, only briefly. House building companies have dropped out of the FTSE due to mortgage rates and costs. Overall, Market Sentiment is poor, but a technical perspective persists amongst similar areas where you have had a similar situation. Poor sentiment always comes before good hence my bias. The UK Index, the FTSE 100 is a great example of using Price Action to wade through the midst. It never lies and will always give you a gauge before you see any improvement in market sentiment and a following upmove. Risk management is key in these situations. Just because you have a good Tech setup does not mean you should sell the farm and it does not mean the price cannot fall further. So be prepared and plan future entries if applicable to your strategy. But never, ever overleverage, just use Price Action as a guide to entry and a guide to the value of the market. Here's how I'm trading it.Long06:07by WillSebastianUpdated 6
UK100 MEET RESISTANCE [ DISTRIBUTION] UK100 shows sign of distribution 1) the first sign was the light volume breakout above the 25 oct 2023 resistance level. 2) we believe the light breakout on thu 02 nov 2023 was a pure sign of shakeout, our reason is that after the 02 nov 2023 on the 3 nov 2023 we saw uk100 dropping below the 25 oct 2023 resistance with increasing volume. 3) On Monday confirm our expectation with the weak demand that couldn't break above the 25 oct 2023 resistance, sign of weakness. 4) on the 07 nov 2023 we took our first SHORT POSITION. UShortby Reality_trader0
FTSE Elliott Wave Analysis for Tuesday 07/11/2023 (+ Higher TF)The FTSE is giving us very corrective and sideways price action. It is difficult to come up with a reliable forecast. The sideways price action fits in a bullish as well as a bearish scenario. 07:30by AndyCuckoo222
UK100 (FTSE100)A breakout of structure, the likeliness of going higher is a lot more than the likeliness of going down. Longby DENCHMONUpdated 1
UK100; Another Index Shorting IdeaHey Traders, As global economies drag and other indexes begin to drip, the UK100 is no exception. I trade this market a lot and I'm mostly looking for high probability entries. Some of which are labelled via PA zones.Short03:31by WillSebastianUpdated 16169
Will UK100GB turn positive?UK100GB - 24h expiry Price action looks to be forming a bottom. Short term RSI is moving higher. Risk/Reward would be poor to call a buy from current levels. A move through 7400 will confirm the bullish momentum. The measured move target is 7500. We look to Buy at 7350 (stop at 7300) Our profit targets will be 7470 and 7500 Resistance: 7400 / 7450 / 7500 Support: 7350 / 7325 / 7300 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 OANDA1
We called the FTSE short at its all time high, we're short againThe FTSE100/UK100 has been showing signes of weakness although remaining at a high level. Find the our initial short - arguably our trade of the year - in the linked tradeShortby SynergyTradingSetupsUpdated 4
UK100 forming a bottom?UK100GB - 24h expiry Price action looks to be forming a bottom. Price action has continued to trend strongly lower and has stalled at the previous support near 7250. We expect a reversal in this move. Risk/Reward would be poor to call a buy from current levels. A move through 7350 will confirm the bullish momentum. We look to Buy at 7280 (stop at 7230) Our profit targets will be 7400 and 7430 Resistance: 7350 / 7420 / 7450 Support: 7300 / 7280 / 7250 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 OANDA2
FTSE Short Most indexes are looking to be short right now, this Index is overbought and has multiple tops with divergence. There is no pattern on this trade, but this is with the trend so it should fall to the bottom and bounce back up. Stop loss is 50 pips and the aim is around 10.FShortby JD_TeenTrader1
FTSE100 - Long Signal (Relief Rally)FTSE100 D1 Buy some came into play late last week, following the latest stock dump, we have since started to bounce following an upside gap, pushing as much as 1.7R, but sat at a current 1.3R. Eyes on FTSE100, we may see a second attempt bounce from that 7265 support price. It's going to be a busy week, I can't stress that enough, with all the risk events, economic data and earning figures to come out, NFP, AE and UE figures Friday too.Longby Trade_Simple_FX3
FTSE at support FTSE reaching strong horizontal support Place buy order at 7240-7250 , target 7670 , sl 7197 Longby drhaobsha0
Intelligent Trading Academy - Short FTSE Daily Timeframe FXFTM Following our FX FTM strategy we see the FTSE heading lower to 7300/7250 level. Lots of macro data supporting the view for lower equites at the moment. Keep strict with your risk applications and proactive with your trade management.Shortby TradeUniTradersUpdated 0
FTSE Last drop before buying for the medium-term.The FTSE 100 Index (UK100) delivered a strong short-term buy signal last time we looked at it (see chart below): The index has been since rejected twice on the Lower Highs trend-line of what is almost a year long Descending Triangle. We will wait for a test of the Support Zone, ideally when the 1D RSI tests its Higher Lows trend-line and buy for the medium-term. Our target is the 0.618 Fibonacci retracement level at 7535. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇by TradingShot8