FTSE PullbackFTSE structure today was range-bound. Some bear candles can be made out, affirming a downtrend in the lower timeframes. I think we may see it pulling back towards the bottom of the range, potentially the trendline. The pound seems to be up, with room to continue to test the top of a resistance trendline.
FTSE
TESLA - Correction done. Bull Run Continues...Previous TESLA chart played out almost perfectly. We were anticipating a deeper correction back to the trendline, which we got! We can now look for continuation patterns and ride this wave to the moon. See you there ;)
See linked chart for previous Tesla chart.
Trade safe!
UK100 H4: Market BUY now TP +350 points(SL/TP)(NEW)Why get subbed to to me on Tradingview?
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UK100 H4: Market BUY now TP +350 points(SL/TP)(NEW)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.
🔸 Summary and potential trade setup
::: UK100 H4/candle chart review/outlook
::: speculative XABCD setup in progress
::: market BUY/HOLD TP +350 points
::: 5% upside in this market mid-term
::: sellers will come later from overhead
::: valid TP BULLS is 7050
::: recommended strategy: BUY/HOLD TP +325 points
::: SL below recent lows
::: low risk setup / bounce very likely now
::: just buy/hold low and get paid
::: do not expect fast/miractle gains
::: swing trade setup requires patience
::: good luck traders!
🔸 Supply/Demand Zones
::: N/A
::: N/A
🔸 Other noteworthy technicals/fundies
::: TD9 /Combo update: N/A
::: Sentiment: BULLS
::: Sentiment outlook short-term: BULLS
RISK DISCLAIMER:
Trading Crypto, 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.
UKX Hourly -Bearish engulfing BUT on triple support My natural bias would like to see the index pullback further here - as we have seen the 6600 level has been a magnate the past few trading sessions. The hourly bearish engulfing would support a short position, but we do have the index on a triple set of supports. I'm waiting on the sidelines hoping for better levels to buy into my ISAs and SIPPs
UK100- Expanded Flat patternIn the 240-minute chart, due to the 5 descending wave movement to the range of 6315, there is a scenario that, we encounter 5 more downtrend waves. The corrective movement of these 5 waves have been completed in the range of 6793 and the first wave from point 3/C has been finished in the range of 6535. In wave 2, the Expanded Flat pattern is formed.
By break down of the downtrend line in the 60-minute chart, hopefully, we can expect the continuation of the downtrend with 6150 targets.
FTSE and all Stocks - The second leg lower is about to startHello all
I've been watching this since March 2020 where the first leg started to retrace - after having moved back up through the past 9 months and then consolidated the past 2 around the 61.8% to 78.6% fib retrace area
I expect early next week for the Head and Shoulders to be fully printed and based on Fibonacci extension, I expect price for the FTSE to drop below 4000, potentially near 3600.
Lets see what happens, however I wont be buying stocks for a long time.
Trade safe
Duncan
FTSE 100 Looking For Long After RetraceThis is making a retrace after spiking 3 days ago. I am looking for an entry around 0.5 Fibonacci as this aligns with some previous resistance although it is best to wait for confirmation as it could drop further. Once we see a rebound target will be at a new high and where it will meet resistance of 7004.
FTSE Long bull case and swing trade + breakout in April?After the bear channel was broken, FTSE arose and is in up trend on the chart . I believe FTSE will be testing support in the upcoming week and is bound for breakout as early as in April.
FTSE Long bull case and swing trade + breakout in April?After the bear channel was broken, FTSE arose and the up trend on daily chart. I believe FTSE will be testing support in the upcoming week and is bound for breakout in April.
FTSE Enter Long on RetraceFTSE 100 has had a big push higher, want to see a retrace before entering a long. Once it peaks on the current spike look for retrace to around 0.382 Fibonacci for entry. I have set target at a new high of 7004.4 although there will likely be some resistance at the previous high so can also take profit there and re-enter on the retrace from there.
Review of today's trading on H1BO. February 8, 2021First of all, we're sorry if you have tried to get in touch with us in the past 12 months. We have had some technical issues but we will be replaying to all emails this week. Thank you for understanding.
On to today!
+6R
another great day. Check out the review.
Unilever is consolidating above 200 MANYSE:UL is trading above the 200 MA with a minor downtrend, break of the trend will target around 64$. A close above all-time high will open the way for more gains. A good stock to hold for the long term with high dividends.
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This is only my own view and not financial advice, do your own analysis before buying or selling
Happy Trading!