FTSE UK100 - Short - new position (see related)Hi all
After shorting it on the initial down move, after the retrace, it has hit support and made an engulfing bearish candle on the 4 hour.
I now do expect it to head lower again, in turn gold to go higher and Yen pairs to go lower.
It is cycling lower nicely and an I think indices could be in trouble over the net few week.
Thanks for looking.
Duncanforex.com coming soon
UK100 CFD
FTSE 100: Approaching a short term support. Potential bounce.FTSE 100 is close to complete the -5.30% decline after being rejected on the Lower High of the 1W Channel Down (RSI = 49.506, Highs/Lows = 0.0000). The Golden Cross (MA50 over MA200) on 1D was the signal both on the Lower High and the one on the late May 2018 All Time High. 1D is fully bearish (RSI = 33.998, MACD = -8.850, Highs/Lows = -159.7305) even oversold on the stochastic trade action, meaning that a relief rally should follow. With MA200 supporting we are targeting 7,400.
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THE TARIFF MAN COMETH
He'll huff and he'll puff and he'll .....Well that's about it .
At the moment they are tallying up the newly acquired shorts on the markets to add to the get rich quick black Monday desperados .By Friday they should have enough shorts to have a great shindig in the Hamptons at the weekend .As soon as it's official and they know they made a killing The Donald will shake hands with a Chinaman and Fri/Mon the markets will fly hitting the doom brigade where it hurts as the bull run commences.
AUD/USD will go on one of those unjustified annoying bull runs full of bluster and hype as it grasps onto the China proxy as that's all it's got beneath it's wings ....Of course it will come banging back down but buy hype and sell fact .
FTSE100 - Market Crash Cycles | Indices | Macro Trends*Please support this idea with a LIKE if it helps you. Thanks!
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FTSE100 has been labeled within a Grand Super-Cycle degree wave IV (blue), which has been unfolding ever since the Dot-Com bubble.
Structure - Expanding Flat Formation
2000 peaks and down until 2003 bottoms - Super-Cycle wave (a) (red)
2003 bottoms up until 2007 tops - Cycle wave a (black)
2007 tops and down until 2009 lows - Cycle wave b (black)
2009 lows and up until present times - Cycle wave C (black)
Cycle C (black)
Pattern - Ending Diagonal
Sequence - 5-Wave Sequence, with Primary Waves 1 2 3 4 5 (green) decomposed as Intermediate (A)(B)(C) (blue)
Current Position
Primary Wave 5 (green)
Next expected swing
Bearish sequence in Intermediate (B) (blue)
Market Crash Forecast
Support granted at or around the 7000.00 mark and then a bull run towards the 9000.00 levels, where the Super-Cycle Wave (b) (red) is expected to complete.Super-Cycle Wave (c) (red) would reflect the next Larger Degree Recession.
Structure change
Breach of the lower trend-line of the Ascending Channel could reflect the fact that the Market Crash already started.
UK100: Daytrade-Setup! NICE Chance!Hey tradomaniacs,
welcome to another free signal!
Important: Wait for the retracement down to entry!
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Type: Daytrade
Sell-Limit: 7446
Stop-Loss: 7460
Target 1: 7426
Target 2: 7418
Targt 3: 7401
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Peace and good trades
Irasor
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