FTSE
FTSE Elliott Wave Analysis Higher Timeframe (01/07/2023)A pullback in the higher timeframe seems likely. We have 5 waves up as an impulse in the weekly and daily. However, as divergence in the weekly is not really outspoken, a new high is still possible. Investors should wait for the pullback to buy. Traders should analyze the lower timeframe.
Trading week recap for NASDAQ, DOW, DAX & FTSE (01/07/2023)We had successful trades with the NASDAQ and the DAX. Let's look back at the past trading week and learn from it. What went well? What could be better?
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Something went wrong with the recording for the last part on the FTSE. We continue the analysis on Monday.
FTSE Elliott Wave Analysis for Monday 26/06/2023In the higher timeframe we are probably doing a pullback. Also the lower timeframe looks bearish. For today, we see an opportunity to go long (against the main direction). A safer option is to wait for the pullback and then go short (with the main direction).
FTSE Elliott Wave Analysis for Friday 23/06/2023In the higher timeframe we are probably doing a pullback. Also the lower timeframe looks bearish. For today, we see an opportunity to long (against the main direction). A safer option is to wait for the pullback and then go short (with the main direction).
FTSE Elliott Wave Analysis Higher Timeframe (17/06/2023)A pullback in the higher timeframe seems likely. We have 5 waves up as an impulse in the weekly and daily. However, as divergence in the weekly is not really outspoken, a new high is still possible. Investors should wait for the pullback to buy. Traders should analyze the lower timeframe.
UK100 to stall at previous resistance?UK100 - 24h expiry
Previous support located at 7550.
Previous resistance located at 7600.
Trend line resistance is located at 7630.
A higher correction is expected.
Risk/Reward would be poor to call a sell from current levels.
We look to Sell at 7630 (stop at 7660)
Our profit targets will be 7530 and 7525
Resistance: 7600 / 7630 / 7650
Support: 7550 / 7530 / 7500
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