Friday was the most bearish day for the FTSE since September, as concerns over SVB (Silicon Valley Bank) and the potential for contagion across the finance sector weighed on sentiment. Yet a joint statement from the Fed, Treasury and FDIC (Federal Deposit Insurance Corp) released on Sunday assured that deposits at the bank will be guaranteed, which helped boost...
Previous support located at 7950. Previous resistance located at 8000. The correction lower is assessed as being complete. Further upside is expected. Risk/Reward would be poor to call a buy from current levels. Our profit targets will be 8006 and 8024 UK100 - Intraday - We look to Buy at 7926 (stop at 7894) Resistance: 800 / 8050 / 8100 Support: 7950 /...
We have been patiently waiting for momentum to turn higher, which it finally did yesterday thanks to the dovish 50bp BOE hike. It closed above its recent consolidation, having formed several lower spikes which held above historic highs. From here we now fancy a retest of its YTD high and move towards 7900, near its record high.
Setup: Holp reversal Trade rating: 3/5 Reward: risk: 3:1
An interesting setup may have formed on the FTSE 100 daily chart. It has seen a strong rally from its October low and since produced a relatively shallow pullback from the 7600 resistance zone. The RSI (2) was oversold on Thursday and curled higher on Friday, which closed the day with a Spinning Top Doji candle to suggest a swing ow has formed. Furthermore, the...
The index has retested the upper trend line of the falling flag, after the breakout. I anticipate that the index will continue with the bullish momentum since the client sentiment indicate that there are more than 70% of the traders are bearish, a major indication that the price might move reversal of that. My entry point is 7570, my targets are 7650, 7700, and...
Reverse Cup and Handle has formed on the FTSE100 7 >21 >200 - Bullish Target 7,890 Also we have the medium term downtrend broken up for the first time and so bullish momentum is kicking in.
FTSE100 has taken a further dive down towards historical price support. Formed a steep bullish divergence on the 4hour. Would expect some relief here.
Trade Idea: Buying FTSE 100 Reasoning: At daily support, looking for a correction higher Entry Level: 7233 Take Profit Level: 7431 Stop Loss: 7152 Risk/Reward: 2.44:1 Disclaimer – Signal Centre. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The...
UK100 Intraday - We look to Buy at 7500 (stop at 7445) Previous support located at 7550. Previous resistance located at 7620. A lower correction is expected. Risk/Reward would be poor to call a buy from current levels. Our profit targets will be 7620 and 7650 Resistance: 7620 / 7650 / 7700 Support: 7550 / 7500 / 7450 Please be advised that the...
To make sure you never miss more detailed daily analysis from myself, Please feel free to click the follow button! Here we have our FTSE or UK 100 chart, Today we had a huge drop down. We are now RE buying on this fall at these great buy zones. You can see the FTSE starting to pull away from this area. Price rejection is always a good sign that an area is great...
Out of all the indices UK is the last one to full recover from Covid Short. There are a number of factors which caused this slow recovery 1.Brexit 2.Multiple Lockdowns I'm sure others can think of many more. Based on this I have a strong long biase I am looking for some form of retracement to enter and continue to the high pre covid with December fast...
Stocks getting hammered with this risk off mood and although it might not be the time to go bottom picking, I certainly don't want to miss out on this dip. As things stand, the UK is set to open up in the coming weeks, vaccine roll out continue to be a success, and therefore I am adding some FTSE100 to the list of things to buy. Long - 7030 TP- 7300 SL - Nothing...
Without question DARK is a stock to be following in the world of AI and Cyberattacks which seem to be all we read about just lately See WEF for enlightenment . Technically we are sitting in the middle of a ascending channel which we have been trading inside of since June . I have drawn some levels using FIB to provide some areas of support and Entry if any...
The FTSE is currently sat at strong support. Sellers tried to push price lower, but the index was bought back up to form a pinbar (red arrow). Lower BB also sits at this point (see %B in bottom window). Considering the lacklustre fall from the rising wedge and the subsequent pin bar, we can expect 6800 to break (see how long price spent lingering around the...
This 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 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.
Price in the short term is in a bearish decline, while the medium to long term trend is bullish. Price has declined to a key area of previous resistance and potentially support on the Daily timeframe. Based on price action I believe this could be a key area where price could reverse to test previous broken support. I don't expect price to hit this target till next week.