Who trades indices 🙋♂️ UK100 looking for two out two. Trade details for current trade are shown on the chart.
We are working the 15M time frame on this strategy.
We're looking for the green line which is take profit target.
Little blue long arrow is entry point and purple line is stop loss.
Trade history can be seen at the foot of this trade idea too for full transparency.
Second trade of the day for this strategy and looking to go two out of two.
My alarm is set for the next trade and if around i'll share it for all you index traders out there.
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I try and share as many ideas as I can as and when I have time. My trades are automated so I am not sat in front of a screen daily.
Jumping on random trade ideas 'willy-nilly' on Trading View trying to find that one trade that you can retire from is not a sustainable way to trade. You might get lucky, but it will always end one way.
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Also, see my 'related ideas' below to see more just like this.
The stats for this pair are shown below too.
Thank you.
Darren
UK100 CFD
UK100 - Bearish Case Building?The UK 100 has struggled to push on over the last month, with nerves in the markets seemingly taking their toll on the rally.
We've seen a couple of pullbacks that appeared to indicate the index was vulnerable to a larger correction but each time it showed strong resilience and headed back towards the highs.
Recently though, the bearish case has been building. The index has broken below the 55/89-day SMA (again) and stayed there for several days. What's more, it's become an interesting area of resistance since the breakout.
Since then it has consolidated around this level rather than reversing quickly higher as it has previously. The consolidation alone is hardly an encouraging sign, rather a continuation signal that suggests further moves lower could be on the cards.
To back this up further, the index has found strong support around 7,000, a major psychological barrier but a recent rally off this made a lower high which could be an early sign of a descending triangle forming, a bearish pattern.
From a fundamental perspective, there's plenty of downside risks appearing that appears to be driving the shift in sentiment. Higher inflation, slower growth, rising Covid cases and tighter monetary policy to name some. But there's plenty more.
Perhaps we'll soon forget about some of these and the fortunes of others will change but right now, a case not to be bullish is certainly building.
Which begs the question, how will we know if the markets have turned more bearish and how far will they fall. Both are difficult to answer but a break of 7,000 would certainly be one signal. A break of the 200/233-day SMA band around 6,800 another.
There is plenty that can happen that can improve the fortunes of stock markets. Central banks are the obvious one, a powerful one at that which for so long has kept investors buying the dips when the fundamentals don't necessarily warrant it.
A delay on tapering beyond the end of the year and investors may be back on board. But the coming months will certainly be an interesting test and there may be a few twists and turns along the way.
UK100 EXACT Entries + Exits FREEEntries were forced to be widened due to all of the wicking and gibberish split candles between green and red entry. This is a very wicky pair, so beware if it touches a min 15 zone on my pip rule break. Don't miss early week entry breaks....
How To Play The Chart Entries/Exits:
Buy at green support entry, if it breaks by -35 pips (count it out) then enter a sell and ride to TP1, 2 and 3. Trail stop at each TP which means place your stop loss in profit but with enough room to be able to continue the sell if it continues. Same thing at resistance, sell but if broken by 35 pips then enter the buy and ride to TP1. Each TP is a support or resistance zone , so you could then even take a sell after TP1 for the buys have been hit and if it breaks out then just repeat.
All likes/comments and feedback are very much appreciated!
UK100 Entries + Exits!Okay okay! UK100 chart last week broke all TP's straight through, only 3 TP's for it this week let's see if it can still maintain it's weekly juice.
How To Play The Chart Entries/Exits:
Buy at green support entry, if it breaks by -35 pips (count it out) then enter a sell and ride to TP1, 2 and 3. Trail stop at each TP which means place your stop loss in profit but with enough room to be able to continue the sell if it continues. Same thing at resistance, sell but if broken by 30 pips then enter the buy and ride to TP1. Each TP is a support or resistance zone , so you could then even take a sell after TP1 for the buys have been hit and if it breaks out then just repeat.
FTSE 2017 fractal points to a 7500 topThis is a fractal analysis on FTSE from 2017. Not much description is needed here, the chart is quite straightforward. The 2020-2021 (Fractal B) price action so far is similar to the 2016-2017 (Fractal A) sequence. They both started after the market bottomed out on a 1W Death Cross and have been rising with only medium-term pull-backs when the price hit a Higher Highs (dashed) trend-line. In 2017 the index made the next Higher High within the 1.618 - 1.786 Fibonacci extension and topped on the 2.0 Fib mark. If the pattern continues to repeat itself, then FTSE may make a Higher High within 7330-7430, pullback and go for a market top at 7550.
Do you find this comparison reliable?
Most recent FTSE idea:
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Elliott Wave View: FTSE Nesting Higher As ImpulseShort-term Elliott wave view in FTSE suggests that the pullback to 19 July 2021 low (6812.84) ended wave (4). Up from there, the index is nesting higher as an impulse sequence within wave (5) favoring more upside extension to take place. While the initial bounce to 6929.89 high ended wave ((i)), wave ((ii)) pullback ended at 6827.26 low, wave ((iii)) completed in lesser degree 5 waves at 7018.95 high. Wave ((iv)) ended at 6956.24 low, wave ((v)) ended at 7033.27 high thus completed wave 1.
Down from there, the index made a pullback in wave 2 to correct the cycle from 7/19/2021 low. The internals of that pullback unfolded as Elliott wave flat structure where wave ((a)) ended at 6980.67 low. Wave ((b)) ended at 7038.65 high and wave ((c)) ended at 6929.64 low. Above from there, the index started the next leg higher in wave 3 and ended lesser degree wave ((i)) at 7093.93 high. Then wave ((ii)) pullback ended at 6996.93 low and resume the rally higher again.
Whereas lesser degree wave (i) ended at 7142.54 low, wave (ii) ended at 7089.74 low. Near-term, as far as dips remain above 7089.74 low and more importantly above 6812.84 low then FTSE is expected to extend higher in lesser degree wave (iii) towards 7236.10- 7326.35 area higher before entering into a wave (iv) pullback. We don’t recommend selling and expect dips to find support in 3, 7, or 11 swings for further upside.
UK100 - A major breakout imminent?The UK100 is closing in on 7,200 and approaching levels not seen since the start of the pandemic.
This isn't the first time the index has eyed up this level in recent months but in the past it has failed to break through in any significant way - it briefly touched 7,217 a couple of months ago before reversing course - and each time a corrective move has followed.
This has left the FTSE trading between 6,800 and 7,200 since April but that could all be about to change.
While we may see some profit taking on approach, the MACD and stochastic suggest there's plenty of momentum still in the rally that could carry it to levels not seen in 18 months.
If we do see some profit taking, the rising trend line below could be interesting support if the rally is going to continue. A move below this would suggest a larger correction may be on the cards.
UK100 Entries + ExitsPretty clean analysis! Zones are most definitely sturdy :)
How To Play The Chart Entries/Exits:
Buy at green support entry, if it breaks by -35 pips (count it out) then enter a sell and ride to TP1, 2 and 3. Trail stop at each TP which means place your stop loss in profit but with enough room to be able to continue the sell if it continues. Same thing at resistance, sell but if broken by 30 pips then enter the buy and ride to TP1. Each TP is a support or resistance zone , so you could then even take a sell after TP1 for the buys have been hit and if it breaks out then just repeat.
Update on UK100 - 100GBPFirst position got stopped out due to premature entry without clear break of minor structure. The short position in my opinion still valid. Re entered after 1hr confirmation. Swing trade.
UK100GBP Short OpportunityPrice trigerred my sell entry. I expect price to create now a lower low on the daily time frame after this daily timeframe pullback wave of creating a lower high gets to an end.
UK100 long is live 📈👍Entry details are shown on the chart.
We're only looking for TP3.
Trade history can be seen below this trade idea too for full transparency.
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I try and share as many ideas as I can as and when I have time. My trades are automated so I am not sat in front of a screen daily.
Jumping on random trade ideas 'willy-nilly' on Trading View trying to find that one trade that you can retire from is not a sustainable way to trade. You might get lucky, but it will always end one way.
------------------------------------------
Please hit the 👍 LIKE button if you like my ideas🙏
Also follow my profile, then you will receive a notification whenever I post a trading idea - so you don't miss them. 🙌
No one likes missing out, do they?
Also, see my 'related ideas' below to see more just like this.
The stats for this pair are shown below too.
Thank you.
Darren.
Are UK equities in danger?First things first, let's set the scenery with some backnotes:
- US equities are a ticking bomb as well
- Bitcoin is stuck in a tight range and looks for the driver to lead the next move
- Inflation keeps rising in the US while rumors for deflation are growing as people believe that 2008 is going to repeat again
- USD Index is in a global uptrend
Since we have the background, we can go into the technicals of the major UK index.
United Kingdom has yet to recover from the 2020 crash which makes it so suspicious that dark clouds are being gathered above the City. However, even if the index could just accumulate some momentum and make new 2021 highs, the timing is the worst now, as the US indices are already rocketed massively. As that said, it is really likely that a rush above the supply area would be the poisonous apple that would trigger the waterfall effect afterwards.
With the nearest floor being solid at 5400 - 5800 area, UK100 has surely a lot of room to fall before it can actually find some reliable support from the bulls.
Time will show what's next but one thing is for sure; dark clouds are being gathered and any bullish move would be psuedo-euphoric.
Take care!
6950EMA crossed over to downside on the hourly and it looks like its going to bottom of channel now at 6950
Short UK100 trade.Hello,
Last trade before the weekend can be entered right now.
Short on the UK100, nice possible catch for the weekend.
Reasons:
- Broke support horizontal.
- Broke trend-channel for the pullback.
- Pullback waves ended.
- Bear trap on 1H.
Confluences from the indicators.
Have a good weekend!
HEAD AND SHOULDERS ALERTIf this head and shoulders gets broken off the neckline it can drop to 6k levels again!
Bearish divergence on the 4 hour chart too so I think it can drop
As requested, my idea about UK100!As @Traderwell requested, here’s my view about the UK100!
Short-term, the 7072 is a support that must not be lost, otherwise, we might just lose the 7k again. The breakpoint is 7118, as if UK100 breaks this point, then it’ll aim higher levels.
The danger lurking the index is the head and shoulders, a bearish pattern that has a neckline at the 7072, and the only way to avoid this scenario is by breaking the 7118.
This will make UK100 seek the next target at 7217, and cancel this bearish idea for good. I would like to see the BBs to get tighter in the 4h chart before anything else, tho.
For now, let’s focus on the 7072, as this is the most important line for us here.
If you liked this trading idea, remember to click on the “Follow” button to get more trading ideas like this, and if you agree with me, click on the “Agree” button 😉.
See you soon,
Melissa.
SPX Update Please complete the transaction and do not close the deal
After 3 hours, the price will close a day candle above the stop, please remove the stop and continue with the transaction
What happened?
that the extension occurred in wave b and soon the price will return down to complete the c wave