FTSE 100: Waiting for another drop starting at 7150The overall trend is still lower - with a break above 7000 - 7150-200 could be the next zone of resistance to see selling back towards the lows
UK100 CFD
UK100 approaching resistance, potential drop! UK100 is approaching our first resistance at 6919 (61.8% fibonacci retracement, horizontal overlap resistance) and a strong drop might occur below this level pushing price down to our major support at 6705 (61.8% fibonacci retracement, 61.8% fibonacci extension).
Stochastic (34,5,3) is also approaching resistance and we might see a corresponding drop in price should it react off this level.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks
UK100 Bounced Off Support, Potential For A Further Rise!UK100 is bounced off its support at 6613 (50% Fibonacci retracement , horizontal swing low support) where it could potentially rise further to its resistance at 7118 (38.2% Fibonacci retracement , horizontal swing high resistance). Stochastic (55,5,3) is bounced off its support at 3.6% where a further rise could occur.
UK100 Bounced Off Support, Potential For A Further Rise!UK100 is bounced off its support at 6613 (50% Fibonacci retracement , horizontal swing low support) where it could potentially rise further to its resistance at 7118 (38.2% Fibonacci retracement , horizontal swing high resistance). Stochastic (55,5,3) is bounced off its support at 3.6% where a further rise could occur.
UK100 Bounced Off Support, Potential For A Further Rise!UK100 is bounced off its support at 6628 (50% Fibonacci retracement , horizontal swing low support) where it could potentially rise further to its resistance at 7118 (38.2% Fibonacci retracement , horizontal swing high resistance). Stochastic (55,5,3) is bounced off its support at 3.6% where a further rise could occur.
UK100 approaching resistance, potential drop! UK100 is approaching our first resistance at 6787 (100% fibonacci extension, 61.8% fibonacci retracement, horizontal overlap resistance) and a strong drop might occur below this level pushing price down to our major support at 6543 (61.8% fibonacci extension, horizontal swing low resistance).
Stochastic (55,5,3) is also approaching resistance and we might see a corresponding drop in price should it react off this level.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks
UK100 approaching support, potential bounce! UK100 is approaching our first support at 6609 (61.8% fibonacci extension, 61.8% fibonacci retracement) where a strong bounce might occur above this level pushing price up to our major resistance at 6906 (100% fibonacci extension, 50% fibonacci retracement, horizontal overlap resistance).
Stochastic (55,5,3) is approaching support and we might see a corresponding rise in price should it bounce off this level.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
UK100 Testing Support, Potential BounceUK100 is testing its support at 6628 (50% Fibonacci retracement , horizontal swing low support) where it could potentially bounce to its resistance at 7118 (38.2% Fibonacci retracement , horizontal swing high resistance). Stochastic (55,5,3) is testing its support at 3.6% where a potential bounce could occur.
UK100 approaching support, potential bounce! UK100 is approaching our first support at 6609 (61.8% fibonacci extension, 61.8% fibonacci retracement) and a strong bounce might occur above this level pushing price up to our major resistance at 6906 (100% fibonacci extension, 50% fibonacci retracement, horizontal overlap resistance).
Stochastic (55,5,3) is also approaching support and we might see a corresponding bounce in price should it react off this level.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks
UK100 Testing Support, Potential BounceUK100 is testing its support at 6679 (50% Fibonacci retracement , horizontal swing low support) where it could potentially bounce to its resistance at 7152 (38.2% Fibonacci retracement , horizontal swing high resistance). Stochastic (55,5,3) is approaching its support at 7.5% where a potential bounce could occur.
UK100 approaching support, potential bounce! UK100 is approaching our first support at 6669.3 (61.8% fibonacci extension, 50% fibonacci retracement, horizontal swing low support) and a strong bounce might occur above this level pushing price up to our major resistance at 7000 (100% fibonacci extension, 61.8% fibonacci retracement, horizontal pullback resistance).
Stochastic (55,5,3) is also approaching support and we might see a corresponding bounce in price should it react off this level.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks
UK100 approaching resistance, potential drop! UK100 is approaching our first resistance at 6915 (100% fibonacci extension, 50% fibonacci retracement, horizontal overlap resistance) and a strong drop might occur below this level pushing price down to our major support at 6685 (50% fibonacci retracement, horizontal swing low support).
Stochastic (34,5,3) is also approaching resistance and we might see a corresponding drop in price should it react off this level.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks
UK100 Bounced Off Support, Potential For Further Rise!UK100 has bounced off its support at 6675 (50% Fibonacci retracement , horizontal swing low support) where it could potentially rise further to its resistance at 7152 (100% Fibonacci extension , 38.2% Fibonacci retracement , horizontal swing high resistance). Stochastic (55,5,3) has bounced off its support at 8.7% where further rise could occur.
Long FTSEtwice the ftse closed greater than my 10 day extreme calculation, reverting price back to the mean on the BB. Long 2 clips
UK100 approaching support, potential bounce! UK100 is approaching our first support at 6685 (50% fibonacci retracement, 61.8% fibonacci extension, horizontal swing low support, descending support line) and a strong bounce might occur above this level pushing price up to our major resistance at 5949 (100% fibonacci extension, 50% fibonacci retracement, horizontal pullback resistance).
Stochastic (89,5,3) is also approaching support and we might see a corresponding bounce in price should it react off this level.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks
UK100 Approaching Resistance, Potential Reversal!UK100 is approaching its resistance at 6865 (61.8% Fibonacci extension, 23.6% & 38.2% Fibonacci retracement, horizontal overlap resistance) where it could potentially fall to its support at 6717 (horizontal swing low support).
Ichimoku cloud also shows signs of bearish pressure that contributes to our bearish bias.
The Big ShortShould be around March 2019, there is a long opportunity very soon if index hits 6686, just an idea but fits symmetrically very nicely.
UK100 approaching support, potential bounce! UK100 is approaching our first support at 6920 (61.8% Fibonacci extension, 78.6% Fibonacci retracemen, horizontal swing low support) and a strong drop might occur below this level pushing price up to our major resistance at 7205 (100% Fibonacci extension, 38.2%, 50% Fibonacci retracement, Horizontal overlap resistance).
Stochastic (34,5,3) is also approaching support and we might see a corresponding bounce in price should it react off this level.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks
UK100 approaching support, potential bounce! UK100 is approaching our first support at 6920 (61.8% Fibonacci extension, 78.6% Fibonacci retracement, horizontal swing low support) and a strong bounce might occur above this level pushing price up to our major resistance at 7220 (100% Fibonacci extension, 38.2%, 50% Fibonacci retracement, Horizontal overlap resistance).
Stochastic (89,5,3) is also approaching support and we might see a corresponding bounce in price should it bounce off this level.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
UK banks outperform FTSE 100 before stress test resultsUK banks outperformed the benchmark for UK shares during the rout in global stock markets that began in October. UK bank share prices are down over the past two months, but by less than the FTSE 100 index.
Positive expectations for stress test results have played a role in limiting the damage to UK bank shares.
