UK 100 / FTSE 100 (SHORT)FTSE 100: the opportunity is SHORT as the market will collapse under deflationary pressure!
UK100 CFD
FTSE consolidation endingA triangle price pattern and RSI near 50 shows that daily FTSE is entering the final stages of consolidation. this means we shall soon see the next big candle move from the market.
On the fundamental side things are looking bearish as virus cases spike again and IMF and Central Banks are being very negative regarding the economic recovery.
The contrarian point is that potential stimulus, even more of it, could boost the stocks to keep indices from falling.
In UK Boris Johnson said today that next week the Economy Phase 12 plan will be rolled out. He actually said the same thing in his May's speech, so I am not having much faith here.
Many cities across the globe, including the UK, are starting to close again because of the virus spikes, so markets are very cautious and more on the bearish side.
Please support the idea and share your thoughts on FTSE!
Good Luck and Stay Healthy!
UK100 LONG - WEEKLY timeframe - modified Heiken Ashi strategyUsing a modified Heiken Ashi system whereby one enters long or short at the next bar based on the body of the previous completed bar, even if it is a doji. A more traditional HA strategy takes a directional position following a trending candle. This modified strategy is more aggressive and more mechanical meaning one does not perform a full analysis of the instrument in addition to following the strategy rules.
In this trade the body of last week's HA candle was green therefore we enter long at the open. Stop goes beyond the local low. This constitutes 1 risk unit. An approximate target is set at 2.5 risk units.
UK100 to Short?This is a bigger channel market may need to break, if it breaks then expect a good amount of drop.
Trade at your own risk ...
FTSE 100 Sell Signal!Sell trade on H4 time frame is back at entry, let see how this now plays out.
Regards
Darren
UK100 Long Term PredictionNot much on the UK100 but if looked at closely the trade is simple.
Bearish push down from 17 Jan 2020, then consolidation all the way to 08 july 2020.
09 July drop
12 july up to consolidate/test "trend line"
24 July drop again!
My prediction is that we may see another push down.
UK100GBP LongIf market cross the level with full bullish candle we should look to buy at price 6335.0
Stop loss 6200 price.
FTSE trade outlookAfter Monday's retracement indices have been ranging with no real momentum.
Resistance of the range is 61.8% and good support zone (green) with 50SMA and 200SMA.
Break of either and close opens new target levels.
Please support the idea and share your thoughts on FTSE!
Good Luck and Stay Healthy!
$UK100Hold his feet in the ascending waveAs we see on the Chart The $UK100 Index testing the first resistance (1) and in my own view it will break this resistance sooner or later to test the resistance (2) Which is a previous semmit especially after the fake break of the uptrend (the bullish channel in general), After that we may see a new peak on the level (3) on the Chart and this enhances the rise of the price.
Note :
My analysis are for medium and long term investment (weekly and monthly)
FTSE trade planPrice continues to test 61.8%, a good break above and close is a signal for to buy and target further upside.
Please support the idea and share your thoughts on FTSE!
Good Luck and Stay Healthy!
FTSE 100 doesn't appear to getting a v-shape recovery Over the last few days the FTSE has been ranging between 6,500-6,000.
Monument (RSI) looks mild, and the 9 day average is right in the middle of the candle.
The FTSE has jumped is above the bearish support which is a good sign, but it's too early to know if it's a fakeout or a breakout.
This market is going to need some good news to break above the 6,500 range, maybe that will be provided by the Bank of England tomorrow, or the politicians by announcing some new job scheme.
What is clear in the charts is that the UK is not currently pricing in a V shape recovery, prices are way off their all time highs with price consolidating.
BP, BA, Land Rover and many other UK firms have announced huge job cuts, the current about of job variances are at record lows, all bad long-term signs for the UK economy and the FTSE100.
The markets need stimulus from central banks and politicians, maybe they will get that later this week, otherwise there could be more pain to come in the coming weeks.
If you enjoy my macro outlook on the FTSE, and have any comments, below leave them below, and give me a follow as I focus on other market such as gold, bitcoin, oil and the S&P.
UY100 FTSE100 - Wave AnalysisLet's do some Wave counting on the UK100 the FTSE100
4 weeks ago, I did an analysis but it did not do that.
Now once again its showing signs of another Wave 5 down.
This is confusing me though.
Now I'm thinking all the worlds buying stocks so will they sell the UK 100 companies? lets find out
I will also use the 10 Seconds to Elliott Wave Concept to Count The 5 Waves inside what could be a Wave 1 down.
FTSE100 SELLSimilar to other indexes, we have seen a slowdown in upwards momentum. the FTSE100 (UK100) has closed outside of the ascending channel, meaning it is very likely that price is going to drop hard.
FTSE outlookPrice testing a trend line here. A break higher opens more target levels.
Of the uptrend line break, we can see lower levels before buying the dip.
Please support the idea and share your thoughts on FTSE!
Good Luck and Stay Healthy!
Uk100 bullish momentum Overall last week we seen a lot of bullish momentum pairs and I’ve had my eyes on uk100 currently it’s creating LH and LL next week I’ll be looking for a break in market structure for a quick sell to the trend line Before continuing up
FTSE breaking resistanceFTSE breaks resistance and now at 50% fib level, a break higher is a buy to target 6400 level.
So far risk on mood everywhere.
Please support the idea and share your thougths on FTSE!
Good Luck and Stay Healthy!
Potential Short Position - UKX (UK100) Good morning, from my previous analysis on UKX, I'm confident that the next move will be a retracement on the Fibonnacci. As labeled on the diagram, the price exceeded the resistance that was in place at 0% and continued to reach 27% (currently), due to buying pressure exhausting the price causing it spike which will, hopefully, result in price falling to 6237.6 (minimum). Once it has fallen to that price, the bearish chart should continue to steadily hit price 6169 (38.2%). However, if this turns out to be not the case, the chart will continue bullish until a new support has been formed.
