UKX - Neckline BO analysisComment :
1) UK100 has fell below Neckline A and closed the week at 7018.61. Although UK100 has BO the neckline for several times before, but those one still able to close above the neckline. Unless UK100 could rebound to above Neckline A, else it would face another round of downturn below the neckline.
Support & Resistance :
R : 6355 +/-
DISCLAIMER :
Analysis above SOLELY for case study purpose, not a PROFESSIONAL ADVISE. This analysis does not provide any trading advise and buy or sell. Trade at your own risk. Trade only after you have acknowledged and accepted the risks involved.
UKX trade ideas
FTSE 100 Cup & Handle at 15 min timeframe?FTSE 100 has recently experienced golden cross on 1-day charts. Resistance in 7600s was surprisingly easily bypassed Friday / Monday, and 7700+ was comfortably reached again post uneventful JP speech. Is this a bullish cup & handle on 15 minute, suggesting push towards 7800? Or will the FTSE face trouble with upcoming earnings this week, given last nights data outline sales haven’t outstripped inflation. Technicals and fundamentals appear divergent, as do RSI / price. Extensive resistance exists ~7775-7800, and above too where ATH sits. Is a turnaround nigh, or a new ATH. Thoughts?
UK100 ?
Before we put in a trade/ticket.
Does it make sense ?
Why would it rebound here ?
Why this price is have got any value ?
I mean; pause a while.
It's slow but make it worth the effort.
Again ; not your guru.
All the best
UK100 ?
Now we are at a junction. North or South.
Any currently at multi month highs.
In the scenario.
>> What's the sentiment at ground level ?
You'll have to dig some info: find out more in local papers.
The answers not gonna come up straight forward. Once you get in touch with this knowledge.
It will build up for the trade.
Buy or sell only within 20% of range. If it moves away, stop.
If price moved 60% and leaves you with 40% margin. That's not gonna be smart.
That's is smart-ass.. hehe
All the best
I'm not your guru, but I hope it made sense.
Buying FTSE at current lows.UK100 - Intraday - We look to Buy at 7525 (stop at 7495)
Previous support located at 7525.
Previous resistance located at 7600.
Broken out of the channel formation to the upside.
Risk/Reward would be poor to call a buy from current levels.
A move through 7600 will confirm the bullish momentum.
Our profit targets will be 7605 and 7635
Resistance: 7600 / 7675 / 7700
Support: 7525 / 7500 / 7450
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.
🇬🇧 UK100 Direction North 🇬🇧 🇬🇧 UK100 Direction North
🇬🇧 Today's strong breakout of the main British index has opened a great opportunity for the possibility of a continuation of the upward trend.
🇬🇧 The price at the opening of pre-session trading last night slid to the support zone determined by the 0.236 level of the entire upward wave. Then there was a strong breakout and at the opening of the trading session it lifted the price to new peaks. Where the resistance zone is currently located.
🇬🇧 Looking at the strong trend and the technical environment, the continuation of growth at this point seems very likely.
🇬🇧 The scenario I am playing out is a continuation of the increases to reach new local peaks. I don't exclude the possibility of changing the scenario if the market situation changes abruptly. I'm aware of the possibility of a correction at any time, this should be taken into account, If the outlook changes I will publish a post with an update, so I encourage you to actively follow the profile and read the description carefully.
🚀If you appreciate my work and effort put into this post then I encourage you to leave a like and give a follow on my profile.🚀
UK100 D1: TP +500 points BEST Level TO SHORT IT(SWING/TP)Why get subbed to me on Tradingview?
-TOP author on TradingView
-2000+ ideas published
-15+ years experience in markets
-Professional chart break downs
-Supply/Demand Zones
-TD9 counts / combo review
-Key S/R levels
-No junk on my charts
-Frequent updates
-Covering FX/crypto/US stocks
-before/after analysis
-24/7 uptime so constant updates
🎁Please hit the like button and
🎁Leave a comment to support our team!
UK100 D1: TP +500 points BEST Level TO SHORT IT(SWING/TP)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.
🔸 Summary and potential trade setup
::: trading near range highs
::: risk/reward shifting in BEARS favor
::: distribution in progress on daily TF
::: maxed out already / will re-test range lows
::: SHORT IT near market / short rips / rallies
::: expect pullback/correction mode SOON
::: BEARS will target re-test of range lows
::: maxed out / overbought conditions
::: BEARS will take over from overhead
::: expect limited upside going forward
::: SHORT IT near market Target is 6850/6950
::: Conservative TP BEARS is 7 000 points
::: unsustainable gains, pullback incoming
::: distribution at the TOP setup
::: spells MAJOR trouble for the BULLS
::: BEARS taking over from overhead S/R at 7500
::: expecting CORRECTION to last next 3-6 weeks
::: distribution at the top in progress
::: will lose up to 10% during pullback/correction
::: There is no upside in this market now
::: Get out / trim exposure / or SHORT IT
::: RISK/REWARD shifting in BEARS favor
::: into BEAR mode soon
::: either way setting up for 10%+ correction
::: 4-6 weeks of correction incoming soon
::: better be prepared in advance
::: when there's GREED there's also PAIN
::: good luck traders
🔸 Supply/Demand Zones
::: N/A
::: N/A
🔸 Other noteworthy technicals/fundies
::: TD9 /Combo update: N/A
::: Sentiment: BEARS/BULLS GAME OVER
::: Sentiment outlook short-term: BEARISH /CORRECTION
RISK DISCLAIMER:
Trading Futures , Forex, CFDs and Stocks involves a risk of loss.
Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results.
Always limit your leverage and use tight stop loss.
UK100 Can Fall (FTSE100)UK100 Can Fall (FTSE100)
Harmonic pattern
Supply zone
Previous ChoCh and BOS
UK100 27th DECEMBER 2022Uncertainty of trade relations with the EU dealt a big blow to investment and business, which in the third quarter was 8% below pre-pandemic levels. Although, the trade deal between the UK and the EU has been ongoing for two years.
The UK's decision to leave the European Union, known as Brexit, has had a major impact on the UK economy. Brexit has been a drag on UK businesses and foreign companies using the UK as a European base. It weighs on imports and exports, drains foreign exchange, and contributes to labor shortages. All of which exacerbates the UK's inflation problem to the detriment of workers and the business community.
Buying FTSE on dips.UK100 - Intraday - We look to Buy at 7460 (stop at 7412)
Previous support located at 7450.
Previous resistance located at 7550.
Further upside is expected although we prefer to set longs at our bespoke support levels at 7450, resulting in improved risk/reward.
A move through 7550 will confirm the bullish momentum.
Our profit targets will be 7570 and 7600
Resistance: 7550 / 7600 / 7650
Support: 7450 / 7400 / 7375
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.
FTSE Elliott Wave Zigzag Decline in ProgressCycle from 10.13.2022 low in FTSE ended at 7600.11 on 12.1.2022 as wave (1). Subdivision of wave (1) unfolded as a 5 waves impulse structure. Up from 10.13.2020 low, wave 1 ended at 7017.4 and pullback in wave 2 ended at 6864.13. The Index extends higher again in wave 3 towards 7498.34, and pullback in wave 4 ended at 7420. Final leg wave 5 ended at 7599.70 which completed wave (1).
Wave (2) pullback is currently in progress as a zigzag Elliott Wave structure. Down from wave (1), wave (i) ended at 7429 and rally in wave (ii) ended at 7553.36. Index extends lower in wave (iii) towards 7305.72, rally in wave (iv) ended at 7385.38 and final leg lower wave (v) ended at 7302.82. This completed wave ((i)) of A. Index should now rally in wave ((ii)) of A to correct cycle from 12.1.2022 high before the decline resumes. Subdivision of wave ((ii)) is proposed to be in a zigzag in lesser degree. Up from wave ((i)), first leg wave (a) ended at 7389.92. Expect Index to pullback in wave (b), then extends higher again in wave (c) to complete wave ((ii)) before the decline resumes. Near term, as far as pivot at 7500.11 high stays intact, expect rally to fail in 3, 7, or 11 swing for further downside.
UK100 D1: TP +600 points BEST Level TO SHORT IT(SWING/NEW)Why get subbed to me on Tradingview?
-TOP author on TradingView
-2000+ ideas published
-15+ years experience in markets
-Professional chart break downs
-Supply/Demand Zones
-TD9 counts / combo review
-Key S/R levels
-No junk on my charts
-Frequent updates
-Covering FX/crypto/US stocks
-before/after analysis
-24/7 uptime so constant updates
🎁Please hit the like button and
🎁Leave a comment to support our team!
UK100 D1: TP +600 points BEST Level TO SHORT IT(SWING/NEW)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.
🔸 Summary and potential trade setup
::: US/Global stock markets are maxed out
::: distribution in progress on daily TF
::: maxed out already / will re-test range lows
::: SHORT IT near market / short rips / rallies
::: expect pullback/correction mode SOON
::: BEARS will target re-test of range lows
::: maxed out / overbought conditions
::: BEARS will take over from overhead
::: expect limited upside going forward
::: SHORT IT near market Target is 6850/6950
::: Conservative TP BEARS is 7 000 points
::: unsustainable gains, pullback incoming
::: distribution at the TOP setup
::: spells MAJOR trouble for the BULLS
::: BEARS taking over from overhead S/R at 7500
::: expecting CORRECTION to last next 2-6 weeks
::: distribution at the top in progress
::: will lose up to 10% during pullback/correction
::: There is no upside in this market now
::: Get out / trim exposure / or SHORT IT
::: RISK/REWARD shifting in BEARS favor
::: into BEAR mode soon
::: either way setting up for 10%+ correction
::: 4-6 weeks of correction incoming soon
::: better be prepared in advance
::: when there's GREED there's also PAIN
::: good luck traders
🔸 Supply/Demand Zones
::: N/A
::: N/A
🔸 Other noteworthy technicals/fundies
::: TD9 /Combo update: N/A
::: Sentiment: BEARS/BULLS GAME OVER
::: Sentiment outlook short-term: BEARISH /CORRECTION
RISK DISCLAIMER:
Trading Futures , Forex, CFDs and Stocks involves a risk of loss.
Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results.
Always limit your leverage and use tight stop loss.
UK100 BULLISH QUASIMODO PATTERN Bullish QM pattern;
1Formation of HH and LL.
2The last price low will act as left shoulder level.
3.After a higher high, the price will retrace to the left shoulder level and then it will continue bullish trend.
Note that everything can happen know one knows exactly what is going to happen.