UK100 CFD
FTSE Optimum SHORT ENTRY next week?I'm looking at the BLUE BOX where I can see a prince IMBALANCE.
It's going to be juicy next week I believe.
FTSE / Ending Diagonal - The BIG SHORT is comingThis very looks like an ending diagonal and you best believe that the downfall will be pretty explosive!
FTSE on the RISE into price discoveryWho said the financial markets were rational? I guess no one, but why people always try to find reasons for an asset to go up or down.
When you look at the UK economy and the FTSE making new 'All Time High', we understand my first setence.
Price could go much higher if this 'Expanding Diagonal Figure were to play out'
FTSE bulls eye the record highWe 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.
UK100 D1: TP +500 points BEST Level TO SHORT IT(SWING/TP)Why get subbed to me on Tradingview?
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UK100 D1: TP +500 points BEST Level TO SHORT IT(SWING/TP)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.
🔸 Summary and potential trade setup
::: trading near range highs
::: risk/reward shifting in BEARS favor
::: distribution in progress on daily TF
::: maxed out already / will re-test MID RANGE
::: SHORT IT near market / short rips / rallies
::: expect pullback/correction mode SOON
::: BEARS will target re-test of MID RANGE
::: maxed out / overbought conditions
::: BEARS will take over from overhead
::: expect limited upside going forward
::: SHORT IT near market Target is 7100/7200
::: TP1 +250 points TP2 +500 points BEARS
::: Conservative TP BEARS is 7 100 points
::: unsustainable gains, pullback incoming
::: distribution at the TOP setup
::: spells MAJOR trouble for the BULLS
::: BEARS taking over from overhead S/R at 7850
::: expecting CORRECTION to last next 2-4 weeks
::: distribution at the top in progress
::: will lose up to 10% during pullback/correction
::: There is no upside in this market now
::: Get out / trim exposure / or SHORT IT
::: RISK/REWARD shifting in BEARS favor
::: into BEAR mode soon
::: either way setting up for 10%+ correction
::: 2-4 weeks of correction incoming soon
::: better be prepared in advance
::: when there's GREED there's also PAIN
::: good luck traders
🔸 Supply/Demand Zones
::: 7850 supply zone triggered
::: 7100/7200 fresh demand
🔸 Other noteworthy technicals/fundies
::: TD9 /Combo update: N/A
::: Sentiment: BEARS/BULLS GAME OVER
::: Sentiment outlook short-term: BEARISH /CORRECTION
RISK DISCLAIMER:
Trading 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 to 9090?FTSE100 (UK100, UK stocks index) been laggard for many years in comparison with many of it's peers. Now it seems the UKX will finally make new all-time high🍾 and will go even higher. I think we are in continuation move up after breaking out of the consolidation in form of triangle. Target @ 9090 being measured move - height of the triangle projected from midpoint of local range. Invalidation would be the local range low @ 4791 which is too far away meaning unfavourable reward risk ratio but this idea is rather about directional bias. Bear in mind this is monthly chart so the move will not happen over night obviously.
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⚠️Disclaimer: I'm not financial advisor. This is not a financial advice. Do your own due dilingence.
UK100The majority of traders have been short on this market since the3rd of November and currently 92% of traders are selling. In combination with the price moving upwards, this creates a bullish indicator. We can see how they get it wrong all the time, This market is very aggressively heading higher. A pullback would be welcome
SHORT FTSE100/ UK100: WEAK INFLATION & RECESSION TRADEValue/ uk100 been over pumped only 4% off ATHs.
commods have pumped it higher, global recession will SMOKE this.
also any continued weak inflation = growth trade back on = ppl dont want value = uk100 dump.
SHORT: TP -20% SL 8000 (multiple closes above) 4/1RR worst case.
7640
7700
7800
7900
S&p 500 Detailed AnalysisFollowing Trendline Since Longtime And Making New Lows
Now Expecting Test Of Trendline Horizental Resistance + 200 Sma
If Got Cleared Than Official Uptrend Will Start
Well For entry Wait For Breakout And Retest Then Can enter Stoploss will Be Updated After Breakout and Retest
UKX - Neckline BO analysisComment :
1) UK100 has fell below Neckline A and closed the week at 7018.61. Although UK100 has BO the neckline for several times before, but those one still able to close above the neckline. Unless UK100 could rebound to above Neckline A, else it would face another round of downturn below the neckline.
Support & Resistance :
R : 6355 +/-
DISCLAIMER :
Analysis above SOLELY for case study purpose, not a PROFESSIONAL ADVISE. This analysis does not provide any trading advise and buy or sell. Trade at your own risk. Trade only after you have acknowledged and accepted the risks involved.
FTSE 100 Cup & Handle at 15 min timeframe?FTSE 100 has recently experienced golden cross on 1-day charts. Resistance in 7600s was surprisingly easily bypassed Friday / Monday, and 7700+ was comfortably reached again post uneventful JP speech. Is this a bullish cup & handle on 15 minute, suggesting push towards 7800? Or will the FTSE face trouble with upcoming earnings this week, given last nights data outline sales haven’t outstripped inflation. Technicals and fundamentals appear divergent, as do RSI / price. Extensive resistance exists ~7775-7800, and above too where ATH sits. Is a turnaround nigh, or a new ATH. Thoughts?
Buying FTSE at current lows.UK100 - Intraday - We look to Buy at 7525 (stop at 7495)
Previous support located at 7525.
Previous resistance located at 7600.
Broken out of the channel formation to the upside.
Risk/Reward would be poor to call a buy from current levels.
A move through 7600 will confirm the bullish momentum.
Our profit targets will be 7605 and 7635
Resistance: 7600 / 7675 / 7700
Support: 7525 / 7500 / 7450
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🇬🇧 UK100 Direction North 🇬🇧 🇬🇧 UK100 Direction North
🇬🇧 Today's strong breakout of the main British index has opened a great opportunity for the possibility of a continuation of the upward trend.
🇬🇧 The price at the opening of pre-session trading last night slid to the support zone determined by the 0.236 level of the entire upward wave. Then there was a strong breakout and at the opening of the trading session it lifted the price to new peaks. Where the resistance zone is currently located.
🇬🇧 Looking at the strong trend and the technical environment, the continuation of growth at this point seems very likely.
🇬🇧 The scenario I am playing out is a continuation of the increases to reach new local peaks. I don't exclude the possibility of changing the scenario if the market situation changes abruptly. I'm aware of the possibility of a correction at any time, this should be taken into account, If the outlook changes I will publish a post with an update, so I encourage you to actively follow the profile and read the description carefully.
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