UK100 - 05/10/23UK100
This has just bounced from the $7400 DEMAND zone created in SEPT, looks like it might come up to test the 50 EMA and I will be waiting for the reaction from there to trade it either way!
UK100 trade ideas
FTSE Elliott Wave Analysis for Thursday 05/10/2023It looks like wave X is finishing. We might be working on the final swing of the corrective move down.
UK100 to find buyers at market?UK100 - 24h expiry
Price action has continued to trend strongly lower and has stalled at the previous support near 7425.
We expect a reversal in this move.
Risk/Reward would be poor to call a buy from current levels.
A move through 7500 will confirm the bullish momentum.
The measured move target is 7600.
We look to Buy at 7420 (stop at 7360)
Our profit targets will be 7570 and 7600
Resistance: 7500 / 7550 / 7600
Support: 7450 / 7425 / 7400
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FTSE Elliott Wave Analysis for Wednesday 04/10/2023It looks like wave W is finished and we can now see further downside as a wave X. It looks like wave X is missing two more swings to finish as a wxy structure.
FTSE 100 Index | SHORTING IDEA3 confiences:
1. 1H Trendline
2. Weekly Trendline
3. Daily Trendline
If we are on the shorting area then I post a new idea for looking a possible short.
FTSE Elliott Wave Analysis for Monday 02/10/2023 (+ Higher TF)For traders (lower timeframe):
It looks like wave W is finished and we can now see further downside as a wave X.
For investors (higher timeframe):
In the higher timeframe, investors should wait till the higher degree WXY correction is finished.
UK stock market index in monthly time frameConsecutive ceilings in the chart and lower ceilings in the indicator, which represent the negative divergence and further correction of the index of the stock market and the UK economy.
FTSE Elliott Wave Analysis for Friday 29/09/2023As forecasted we saw more upside in the FTSE. We now reached areas from where we can start to reverse. We are looking for exhaustion signs to end wave A.
UK100 H4 | Rising into 38.2% Fibo resistanceUK100 is rising towards an overlap resistance and could potentially reverse off this level to drop lower.
Sell entry is at 7647.16 which is an overlap resistance that aligns with the 38.2% Fibonacci retracement level.
Stop loss is at 7700.00 which is a level that sits above a Fibonacci confluence i.e. the 61.8% retracement and the 100.0% projection levels.
Take profit is between 7564.00 and 7551.55 which is a pullback support that aligns close to the 50.0% Fibonacci retracement level.
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FTSE Elliott Wave Analysis for Thursday 28/09/2023As forecasted we saw more upside in the FTSE. We now reached areas from where we can start to reverse. We are looking for exhaustion signs to end wave A.
28 September 2023 - FTSE100 SellI was stalking a sell on the FTSE100 as it came up as a pair of high interest in my preparation for the day (covered in my market prep stream earlier today).
I have seen signs of the M15 buyers getting trapped, which has triggered the sell entry.
UK100-IN BEARISH TRENDUK100 is in a bearish trend and making a series of LLs and LHs, as the price gets rejected from resistance also with doubles with bearish divergence which adds confluences to our plan. what do you guys think about this? let me know.
UK100 LongIn continuation to Analysis of UK100 on 11th September, the price has retraced 50% after breaking the down trend. It is time to take long positions and aim for 7900 above which could be reversal as shown by AB=CD pattern.
UK100UK100 was trading in strong bullish channel till the sellers took control from channel resistance and has given the massive sell rally. That sell rally break the ascending trendline.
Now the price is retesting the broken channel and broken support level with strong bearish divergence.
it seems like the sellers can attack again this bearish confluence.
If the sellers takes charge again, the next target could be 7400.
What you guys think of this idea?
FTSE Elliott Wave Analysis for Wednesday 27/09/2023As forecasted we saw more upside in the FTSE. We now reached areas from where we can start to reverse. We are looking for exhaustion signs to end wave A.
UK100: Continuation watchToday's focus: UK100 Index
Pattern – Continuation Pattern
Support – 7629 - 7588
Resistance – 7720, 7916
Thanks for checking out today's update. Today, we have run over UK100, breaking down the overall price picture, levels, and patterns and incorporating moving average and RSI into the analysis.
The primary focus of today's look at the UK100 is the current uptrend, forming a new higher low in today's session. This continues to push the case for a new leg high from buyers. Resistance at 7720 is the first big test, and if we can see a new move up, this level needs to be cleared to break the current range.
If today's fightback from 7629 support fails, we could see a move that may try to retest the range base. We will be watching Price and mainly Buyers over the next several sessions to see if we get a breakout.
Good trading.
FTSE Elliott Wave Analysis for Tuesday 26/09/2023As forecasted we saw more upside in the FTSE. We now reached areas from where we can start to reverse. We are looking for exhaustion signs to end wave A.
FTSE Elliott Wave Analysis for Monday 25/09/2023As forecasted we saw more upside in the FTSE. We now reached areas from where we can start to reverse. We are looking for exhaustion signs to end wave A.
UK100 1D time frame analysisAfter a trendless pennant movement since the start of the year, UK 100 is finally looking to breakout from it, hopefully making some bullish movement
21 September 2023 - UK100 sell trade reattempt post BOE ratesI got stopped on my earlier UK100 sell.
But I believe BOE's rates decision has printed a larger trap to trigger the same sell idea.
Hence, I am re-entering the trade.
