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Ftse100
FTSE100 - UKX - What is next?FTSE100 -UKX - What can we expect to happen?
I am strictly basing this analysis I share with you today on technicals only with additional aspects of trading psychology.
Technical Aspects:
We have a wedge formation, a break to either direction is key.
We also have the Fibonacci Retracement to keep in mind.
Support and resistance areas combined with key trend-line areas.
Who's in control?
The bulls at this moment of time.
What could we be expecting?
BELOW that key trend-line up in red - Bears get in control, targeting the next support area 0.618 area
ABOVE wedge area, the trend-line down is key area we need to focus on that's the next resistance area if we break either bullish momentum will continue and target areas next resistance areas. 161.8 areas.
I've suffered for years actually over coming this ego I had towards the market. To create consistency and to be able to produce the analysis I prepare for you today there is years of unsuccessful and hard work and I thank for those days today. I appreciate everything I've learnt about myself to get to where I am, the bad days lead to good days. However, what I learnt over the years is:
1. Trading is just probabilities, you're creating your probabilities higher through the analysis you prepare.
2. Patience is key, the trade wont go your way within minutes, the market doesn't care about you and you are NOT there to fight it because you'll get into bad behaviour of trades e.g. Chasing.
3. There is no one set way of trading, create your own plan - Create a plan that really suits you, trading is like having your own business. You are your own boss. Make the most of it!
4. Book won't teach you how to trade - real life practical works get yourself a mentor - get educated by the best with years experience. I use the analogy of learning how to drive a car personally I love cars, Ferrari 458 of my favourites - However, doing the theory test is key gives you great knowledge but the practical reality of driving you need practice, you have the rules and most importantly the edge on how you maybe able to shift gears for whatever you're faced with in-front of you. That's like trading.
Remember: Just a trade idea, not a recommendation.
Have a great week ahead.
#UK100 #FTSE Full Top Down Analysis & ForecastTraders, Like SNP500 and US30 we were expecting FTSE 100 to be bearish too.That's what has happened. Now it has reached a level where it could start to move higher. So we need to see what lies ahead. Lets find out.
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Disclaimer:
The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of education only. Not a financial advice or signal. Please make your own independent investment decisions.
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$UK100 #FTSE100 Index - Into 3300 and buyside $ this 6200 level is key ! Long above stops below 6190
FTSE100 Could be on move soon...!FTSE100 UK.
It could be on move soon! How? Well past that key trend-line down in red, bullish flag formation as well if goes above out of the range it has been stuck in - the bulls are in control target within the next resistance key areas. However, if bears get in control, below the key trend-line out of range down next target near retracement fib levels which match support and resistance areas. Clean trade idea, put alerts or orders in to make it easier.
Remember: Just a trade idea, not a recommendation.
Bitcoin Pops Above $9,400 as Stocks Make Gains“Bitcoin might be waking up,” said Rupert Douglas, head of institutional sales at London-based crypto brokerage Koine. “A close above $9,600 would be a strong sign.”
Gains in the equity markets appear to have been the catalyst for bitcoin’s positive trading day. “Bitcoin seems pretty correlated to equities at the moment,” Koine’s Douglas told CoinDesk. “The test will be whether BTC can hold up if equities sell off.”
UK100 6305.1 + 0.82 % LONG IDEA * STRUCTURE & CONTINUATIONGood Day Everyone
Here's a look at the UK100 which has been range bound in an ascending triangle structure but looking from higher time frames the sentiment is still bullish on the index so will be looking for a continuation of this move to the upside the trade will be taken on if we see significant moves with the bulls and begin to trade above level 6329.11 among st other factors lets see how it goes...
Good luck and happy trading everyone
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ENTRY & SL - FOLLOW YOUR RULES ON PENDING ODER & SO FORTH
RISK-MANAGEMENT
PERIOD - SWING TRADE
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FTSE trade planPrice formed a falling channel near the resistance zone. A break higher is a continuation signal to target 6500, previous highs. 2nd target is at 61.8% fib retracement of the March sell-off.
Sentiment is positive as markets prices in the reopening in UK and Europe.
Please support the idea and share your thoughts on FTSE!
Good Luck and Stay Healthy!
FTSE DOWNkey:
dark blue lines are day
yellow lines are yellow
white lines are month
red lines are patterns (descending triangle)
what we have here on the daily time frame is a descending triangle winch means the price will probably brake to the down side
Also u can see that yesterday we had a candle up to the months high at 6,325 and got pushed back down to blue line at 6,296.
as u can see with to days open we had a rejection off the previous days high and have support on today's low
how i would trade this is wait till the brake out happens to know direction
Support of 2003 at 1170p - LT target of 2000p Believe that Shell has a good potential of getting good returns in the long term investment game.
It is not only driven by Oil price in future as they expand into other fields.
I would say within next few years we will hit back 2000p if not more.
Let's not forget the dividend as well.
I would say a nice pf addition for diversification.
FTSE 100 Near term measureFor the first time since Covid19 lows, we have had three weeks down. This plays into near term concept of related comment, link attached. The next 1-2 weeks will give us a very good outllook into the summer/autumn period
FTSE 100 Sentiment MarkerA key price has presented itself over the last few months. Much can be gauged from it
Interesting Stock Index Comparison - NASDAQ Sores!Here's an interesting stock index comparison. Notable NASDAQ is the out-performer amongst this group of indices.
On Friday the NASDAQ printed it's all time record highs closing the day at 10,836. Last week this index smashed through the 10,000 handle completely disregarding it for any level of psychological resistance.
Meanwhile the COVID19 reported another record high of +71,787 new cases in America on Friday.
🥊The FTSE is sitting on major support, will it break down?🥊I have drew an easy to understand technical chart of the FTSE 100, highlighting the major support and resistance areas from March to July, using a daily chart (each bar is 1 day of trading on the FTSE100).
We can see that the 5,000 area acted as major support level in March, on 4 days wicks broke the 5k level but closed above (that tell us this is a huge support area).
FTSE bounced from the 5k area to break the 6,000 area on its second attempt, and since has been ranging between 6,500-6,000 area.
You’ll notice these support and resistance numbers are very well rounded (5k, 6k, 6.5k), bigger support levels on larger time-frames are often connected to psychological levels, because everyone investing/trading is watching these levels and it's why they work so well.
Moment on the RSI is below 50 and is fading, during the high in June it did not break the 70 level which is a little worrying, I read it as buyers not believing in the rally with more downside to come in the coming weeks.
We ended the week at 6,095 and bounced nicely off 6k support.
What happens next?
If we break the 6,000 level head lower, this leads to a path to re-test the 5k level. For a breakdown to happen I would want to see 4-5 days in a row that the FTSE closes below 6k. It can very well close 1-2 days below 6k and the next day break up and crush shorts (known as a bear trap).
If we do break this level I’ll be looking to add to my positions on the stocks I think are going to benefit in a potential rescission/depression/stagflation environment listed on the FTSE100.
For the FTSE to show signs of strength, it first needs to take out the minor resistance level at 6,350~ level, before taking another run at the 6,500 level.
Until there is a CLEAN break of the 6,000 level downwards or the 6,500 range upwards, the FTSE is consolidating in a range, it’s up to buyers and sellers to decide the road it takes next.
If you like my chart feel free to give my charts a follow :).
FTSE 100 (UKX) - Testing 4-month old Rising TrendlineThe FTSE 100 is testing a rising trendline - often a high R:R entry point.
A break would be a strong signal the uptrend has ended
Elliott Wave View: FTSE Resumes CorrectionFTSE 15 minutes chart below shows that the index has ended the cycle from June 25 low at 6303.40 high as a double three Elliott Wave Structure. Up from June 25 low, wave ((w)) ended at 6262.13 high. Wave ((x)) dip ended at 6087.70 low. The pair then extended higher in wave ((y)), which ended at 6303.40 high. This completed wave 2 in higher degree. The Index has since declined lower from that high.
Down from wave 2 high, the index ended wave ((i)) at 6152.88 low. The internal subdivision of wave ((i)) unfolded as 5 waves impulse Elliott Wave Structure. The bounce in wave ((ii)) then ended at 6208.43 high. Wave ((iii)) is currently in progress. Down from wave ((ii)), wave (i) of ((iii)) ended at 6144.52 low and wave (ii) bounce ended at 6134.37 high. Wave (iii) is currently in progress and could see another low before a bounce in wave (iv) can be seen. While below 6303.40 high, expect the bounce in 3,7, or 11 swings to fail for more downside. The downside target for FTSE would be the equal leg area from June 8 high at 5647-5780.
FTSE testing trend lineFTSE failed to break resistance zone and sold lower. Now approaching support at the trend line, 200SMA and 6000 level. A break lower would trigger a sell to lower levels.
Please support the idea and share your thoughts on FTSE!
Good Luck and Stay Healthy!
FTSE trade planPrice showed a break of the consolidating triangle. Now at resistance, previously confirmed. Wait for the break to buy to the next level of 6500.
As more of UK businesses reopen, stock market is expected to be bullish.
Please support the idea and share your thoughts on FTSE!
Good Luck and Stay Healthy!
ISFA (FTSE100 ETF) - downtrend to new lows continuesISFA continues on its way down to new lows. In the shorter term view, it seems to have finished, or nearly so, minor counter-trend wave 2. The next move should be minor 3, where the most probable target is is below 5,900. If prices crosses up 7,220, this analysis should be reviewed. FOLLOW SKYLINEPRO TO GET UPDATES.
UK'S FTSE 100The FTSE, as with so many others, has a nice wedge off the March lows. Like the S&P 500, the trend line from the February high to the June high remains intact. As a matter of fact, the FTSE rejected from it today.
Hmm. Wow, the very long-term chart (below) looks depressing. It has gone virtually nowhere in 20 years. Over 30 years, it has taken the form of a fairly methodical upward-sloping channel with an RSI that was not surpassed by two subsequent higher highs in price (one eked out in 2015 and a slightly more robust one in 2018).
I would expect us to revisit the lower channel, if the world markets fall apart, but perhaps that lower channel will serve at strong support (if we even get there).
