UKX Hourly - Bull flag building Bull flag building in progress... waiting for confirmation. Already long from symmetrical triangle break
Ftse100
UKX Hourly - Consolidating below overhead lateral resistance Battle lines have been drawn between 7040 and 7055. Trend & sideways consolidation favours a break higher... suspect we will have to wait until US open to get our break. Move higher likely to be quick and fast when (if) it does break higher.
$UKX Hourly - Bearish engulfing nullifies bullish thesis 4 now Bearish engulfing candle on the hourly signals we may see a pullback here - cannot be long. We are coiling within a symmetrical triangle - patience is key
FTSE100 Moving In Up ChannelFTSE100 Moving In Up Channel.
If price closes below 6850.0 I'll consider opening sell trade with TP @6640.0
UKX Hourly - Big bounce off 6900 targets 7036Big reversal off our red lateral support following yesterday's sell off. Long with a target of a gap close at 7036
FTSE 100 SHORT OPPORTUNITYFibonacci level to be hit, to correlate to higher timeframe 78.6% retest before going higher.
UKX Hourly - Another day of squeezing the bears at the open Once again opened higher and has been drifting lower after re-testing resistance. Bulls appear to be trying their best to squeeze the bears as much as possible before next leg lower. Holding onto for shorts for now.
UKX Hourly - Rejection off double resistanceIndex hit double resistance this morning (lateral and prior upward sloping) - and reversed. I am still holding my short positions initiated a couple of days ago. Today's high is the line in the sand for now & hopefully we go back to the bottom of the range at 6850.
15% Move for Brent Oil Brent Oil trading within the Apex we are soon to
get a breakout or breakdown .
As detailed on the chart we can see that the .75 Fib has been
a Strong support for Brent since December 2020 and is still respected .
With that said we have a measured move of around 15 percent for this to extend
its uptrend into the 80 dollar zone or retreat back to the 56 Dollar level where we can expect support to hold .
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Know your Invalidation and Trade With a Plan .
PLEASE NOTE THIS PERSPECTICE IS BASED UPON TECHNICAL ANALYSIS ONLY
I DO NOT FOLLOW ANY GEO POLITICS THAT OF COURSE CAN EFFECT THE OUTCOME
SHOW ME THE CHART AND I WILL TELL YOU THE NEWS IS HOW I WORK
UKX Hourly - Opens higher but still not bullishIndex opened higher and (unexpected to me) closed the gap at 7006. However - the picture is still not bullish. We have yet to see higher highs, and there is hidden bearish RSI divergence coming through. I am holding onto my shorts for now (albeit a little more uncomfortably than yesterday) & definitely not ready to add until we see further bearish developments.
UKX Hourly - Beautiful bounce BUT time for downtrend to resume Lovely bounce this morning following the RSI divergence identified. Looks a bit overdone here and I think we can see the downward trend resume. There is a gap around 7000 but will take time to see that filled I think. First a move to at least 6900
UKX Hourly - Worth a cheeky long Our bear flag played out beautifully and I don't think the selling has finished BUT it was a very quick move and we now have some RSI divergence. I have taken profit on my shorts and swung long looking for a bounce towards 6900. Against the trend so will be keeping my stops tights. NB only looking for a bounce here - can only hold longs if we see a trend change.
UKX Hourly - Bear flag developingIndex has broken upward support, and is now in the process of forming a bear flag. Watch the gap at 6941 for first target
FTSE 100 - Intraday Buy Idea H4 - bullish false break
H1 - reversal pattern (divergence + convergence)
M15 - POTENTIAL bullish impulse.
Trading a potential setup is risky and much more aggressive than trading an actual setup. If you are not completely sure how to handle this one, better skip it or wait for the actual M15 structure (bullish impulse) to complete, than wait for the pullbacks before you look for buys.
Short-Term SHORT on the cards! RSI overbought & on channel top.UK100 has touched the top of an uptrend channel and has already reversed towards the bottom of this channel around 7000. RSI is in the overbought region too to support this.
Good Luck!
UKX Hourly - Bearish false break higherSuccessful gap close at 6944 following a bearish false break higher. Significant support at 6955, through which we could see 6695 again. I took profit on my shorts at the gap close, but will cautiously start to sell the rallies towards 6980, and add should we break support
UKX Hourly - Decent RR area for a short Re-testing upper resistance - good area for a short (based on assumption first break higher was false) Can continue to add to short if momentum to the downside picks up. SL - prior high (7035). Should we take out 7035, it becomes a false break lower and the picture will turn bullish
UKX Hourly - Bizarre spike lower quickly bought Spikes on no news in either direction always make me feel uncomfortable. Even when quickly reversed I find they tend to return to their initial reaction. Therefore shorting with stops at today's high. Watch the gap at 6944
Nasdaq Diaries May Market Review In this video, I share some of our sentiments on the direction we speculate the indices to take for the month of May.
Nasdaq100
Ftse100
Nikkei225
Dax30
If you wish to learn how to trade stocks or indices you may DM me for more information.
Comment, like and follow.
Thanks for the support
Namaste
UKX Hourly - Coiling.. waiting for break to confirm directionWaiting for a break to confirm direction
FTSE100 Possible sell and buy setups with entrys.Good evening all, I am overall forecasting a bull move coming in for the FTSE 100 shortly... this is due to price failing to maintain the HH HL price action.
HOWEVER....
We all know we trade what the market gives us which is why I always have multiple entry's for both bullish and bearish should price decide to go against my forecast. Now, every entry you see is based upon a key level, they are not just placed in random places...
Of course guys this goes without saying but this is just for educational purposes and copy this trade at YOUR OWN RISK.
Remember never risk more than 1% and aim for at least a 2:1 RR.
Good luck for the rest of the month guys and I am also open to hear you guys forecast for the week ahead.
FTSE100 Buy SignalPattern: Channel Up on 4H.
Signal: Buy as the price is rising following a (near) Higher Low on the pattern.
Target: 7120 (the 1.382 Fibonacci extension).
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