FTSE - Daily Key ElementsThese are the key levels to look out for on the FTSE. We have identified a channel that price is approaching. Please refer to our 4hr chart for a strategic view!
UK100 CFD
FTSE UK Stock Index (18 Sept 2018) This will be my views of FTSE UK Stock Index (18 Sept 2018)
Please make sure to read the "update" comment as there will be changes along the way.
Cheers.
S0nic
Disclaimer:
The information contained in this presentation is solely for educational purposes and does not constitute investment advice. We may or We may not take the trade.
The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable to your own financial situation.
We, Sonicr Mastery dot com is not responsible for any liabilities arising from the result of your market involvement or individual trade activities.
You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.
UK100Unum Capital: Technical Trade Ideas - FTSE100 and GBPUSD
Dear Trader
This morning the UK's FTSE 100 Index Future and GBP/USD feature among my trade ideas.
FTSE 100 Index Future (Buy/Long)
Over last few weeks the British Pound has rallied on the back of positive developments in the UK around Brexit. We have also seen some positive data being released which include: (1) GDP higher by 0.6% as well as (2) average earnings including bonuses increasing by 2.6%. While this has been positive for the currency, the FTSE has come under pressure as a result of large capitalization multi-nationals being dragged down as earnings and revenue expectations diminish on the back of a stronger Pound.
With the index now looking oversold and finding support on the channel trend line and at the 61.8% Fibonacci level, traders could look to take a buy/long position on a potential rebound.
These are the trade levels:
Buy/Long FTSE100 Future at current levels 7280
Stop-loss: 7235
Take Profit Target: 7400
UK100 POTENTIAL WAVE DOWN CONTINUATIONUK100 seems accellerating to the downside with a strong impulse. I'm expecting a pullback to the level posted on chart for one more wave down.
FTSE Elliott Wave Analysis: Started Another Extension LowerHello Traders,
FTSE short-term Elliott Wave view suggests that the rally to 7790.17 high ended blue wave (X) bounce. Down from there, blue wave (Y) remains in progress with instrument showing a lower low sequence. The internals of that leg lower is taking place as double correction lower due to overlapping price action happening from 7790.17 high thus suggesting that the decline is unfolding in 3 waves corrective sequence.
Down from 7790.17 high, the initial move to 7477.05 low ended red wave W of (Y). The internals of that lesser degree decline unfolded as a Zigzag structure where black wave ((a)) ended in 5 waves at 7614.48 low. Then the bounce to 7665.24 high ended black wave ((b)) bounce. And decline to 7477.05 low ended black wave ((c)) of W in another 5 waves structure.
Up from there, the bounce higher to 7639.13 high ended red wave X of (Y). The internals of that bounce unfolded as double three structure where black wave ((w)) ended at 7616.15 high. Black wave ((x)) ended at 7531.24 low and black wave ((y)) of red X ended at 7639.13 high.
Down from there, the index has made a new low confirming that red wave Y of (Y) has started and looking for extension lower towards 7323.99-7250.04, which is 100%-123.6% Fibonacci extension area of red W-X. Near-term, while bounces stay below 7639.13 high expect index to extend lower. We don’t like selling it.
FTSE / UK100 short on it's wayMomentum massively slowing down and getting towards a psychological key level (8000). Price is likely to reverse, aiming for 7000.
UK100 trendTrend line is a good strong one, and so are support and resistance, we will be keeping a close eye on this pairing and Entry, TPs and SL will be sent out to our clients once the trade becomes valid.
you can message us about joining.
UK 100 break and bounceUK 100 broke the trend line and now we are expecting a bounce off our support, SL and TP are reserved for our members.
FTSE UK Stock Index (Aug 2018)This will be my views of FTSE UK Stock Index (Aug 2018)
Please make sure to read the "update" comment as there will be changes along the way.
Cheers.
S0nic
Disclaimer:
The information contained in this presentation is solely for educational purposes and does not constitute investment advice. We may or We may not take the trade.
The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable to your own financial situation.
We, Sonicr Mastery dot com is not responsible for any liabilities arising from the result of your market involvement or individual trade activities.
You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.
(LIVE) UK100 INTRADAY COVERAGE - SEE UPDATES SECTIONJust like the title suggests I will be tracking the UK100 futures live throughout the day with updates regarding entries, stops, targets etc.
Make sure to stay tuned and pay attention to the updates.
Like and comment if you find this helpful.
Disclaimer:
For risk and money management purposes, always determine a max. of 2% risk on every trade.
For example on a $50,000 account, this would be equivalent to 1,25 Lots with an 80 pip stop loss.
Targets and closure of positions may be subject to alteration throughout the course of the trade. This is due to the ever-changing and unpredictable nature of the market.
This post is set to be used and serve as an example and in an educational manner and is not to be taken as direct investment advice.
UK100 Stock Bearish Trending Trend analysis Uk100 Stock break H4 Trendline and make low low and low high next move make new low low
Elliot wave analysis breakout H4 trendline make Implus 1 then correction then next move implus 3
target 1 low support (LL) target 2 use history price range
FTSE Elliott Wave View: Calling For Another Leg LowerHello Traders,
FTSE short-term Elliott Wave view suggests that the bounce to 7904.97 high on 5/22/18 peak ended in black wave ((1)).
Below from there, the index is doing a double correction lower in blue (W)-(X) to correct cycle from 3/23/18 low. Down from 7904.97 high, the decline to 7610.66 low ended the first leg of the pullback in blue wave (W) at 05/29/18 low (7609.7). The internals of blue wave (W) unfolded as an Elliott Wave Zigzag structure where red wave A ended at 7703.26, red wave B ended at 7738.46, and red wave C of (W) ended at 7609.7 low.
Up from there, the bounce to 7793.45 high ended the correction against 5/22/2018 cycle in blue wave (X).
The internals of blue wave (X) unfolded as double three structure where red wave W ended at 7772.12, red wave X ended at 7637.52 and red wave Y of the blue wave (X) ended at 7793.38.
Then down from there, the index has made a new low below blue wave (W) at 7610.66 low confirming that the next extension lower within blue wave ( Y ) of ((2)) has started.
While FTSE100 stays below 7793.38 high, any pullbacks higher is expected to fail in 3, 7 or 11 swings for another leg lower towards the areas of 7496.62 – 7426.56, which is equal legs - 1.236 extension area of blue ( W ) - ( X ) to complete black wave ((2)) correction.
Once the equal legs - 1.236 extension area of blue ( W ) - ( X ) reached, the index is expected to find buyers either for a new high or for 3 wave bounce at least. We don’t like selling it in the proposed pullback as the right side remains to the upside in the sequences of 3-7-11 swings
