Elliott Wave View: FTSE Next Bullish CycleShort Term Elliott Wave View in FTSE suggests rally from 3/7/2022 low is unfolding as a 5 waves impulse Elliott Wave structure. Up from 3/7 low, wave (1) ended at 7669.56 and pullback in wave (2) ended at 7159.19. Internal subdivision of wave (2) unfolded as a double three where wave W ended at 7339.53, wave X ended at 7619.39, and wave Y ended at 7158.53 which completed wave (2). Up from there, wave (3) is currently in progress as another impulsive 5 waves in lesser degree. Index still needs to break above previous peak wave (1) at 7669.56 to confirm the next leg higher has started.
Up from wave (2) low, wave ((i)) ended at 7538.68 and pullback in wave ((ii)) ended at 7228.67. Index then resumes higher in wave ((iii)) towards 7648.26, and dips in wave ((iv)) ended at 7529.23. Expect the Index to soon complete wave ((v)) higher which should end wave 1 in higher degree. Then it should pullback in wave 2 to correct cycle from 5/12/2022 low (7159.19) in 3, 7, or 11 swing before the rally resumes. Once the Index breaks above wave (1) at 7669.56, it should open up a bullish sequence from 3/7/2022 low with a 100% – 161.8% Fibonacci extension target of 8039 – 8582.
FTSE 100 Index
FTSE 31st MAY 2022OANDA:UK100GBP have no power to breakout above the highest resistance area Aug 2019 - Jan 2020. Last month UK100 was bearish to the diagonal trendline support, and returned to the horizontal resistance area . However, at the end of 2021 there was a bearish divergence signal. where the price is bullish but the flat indicator value tends to bearish.
Bearish potential on the UK100 Weekly, Check this out :
UK100 Weekly
Timeframe. According to the stochastic 5 3 3, it seems to be back in the overbought area, it will be strengthened to bearish if the indicator crossover.
UK inflation rise to 9% despite 4 rate hikesUK facing high inflation and it breaking 40 years record, BOE rises 4 rate hike in row but price not going down. Even UK economy is different from US but we see FTSE100 did same like US markets in 2020 -35%, 2008 -48%, 2001 -52%.
It's clearly not investment season and stocks like WMT, TGT also dropped badly other side bonds dropping. We can not say Cash is Trash in this season. I think now holding is cash is only best option and we can expect stocks will available more cheap (20% to 30%) in 2 to 3 months.
UKX Also In The Crosshair, Move To Crypto!The UKX, FTSE 100 Index, is also in the red.
This is the main index for the top 100 companies by capitalization in the UK.
We see prices going below EMA50 after a lower high. (Feb. vs Apr.)
Going below EMA50 is always bad news.
Since we have a lower high after the EMA300/100 bounce, this can lead to a lower low.
The next target on this drop should be around 6600 and 6250...
It can go lower but it will recover only after a long term after this low.
(Apr. 22) UKX Lower High
Thank you for reading.
Namaste.
UKX - 7,000 Target- Tracking to trajectory set 6 months ago.
- UKX hit 7,400 target (spent a few months sitting on this)
- UK market remains in bullish trajectory.
- Expecting market to be drawn down by global conditions to 7,000 mark.
- Possible flash down to 6,500
- Long-term bullish.
Best, Hard Forky
US Equity trajectory
SELL UKX FTSE 100A-B and then C coming.
Due to higher inflation than expected,
Higher risk os escalation in Ukraine-Russia with another nations
and big overbought market in the short term
Good opportunity to load shorts
FTSE 100 - Continuing the slide lowerThe UKX ran above Jan 19 2022 highs only to reject, breaking the Feb 4 2022 low, initiating a market structure shift on the daily timeframe. Price continued to decline with Feb 24 being an extreme down day due to the events transpiring in Ukraine. I am looking for a retrace to 7280 -7360 before price continues to the down-side with Target 1 reaching for 7100, Target 2 reaching for 7000-6950 and the third and final target at 6800.
FTSE 100 (UKX) | The best target for correction🎯Hello traders, FTSE 100 (UKX) in daily timeframe , this analysis has been prepared in daily timeframe but has been published for a better view in 2 day timeframe.
It should be said that this symbol has entered a new phase and this is a descending phase.
But in the definition of the previous trend, three waves are formed in a zigzag pattern, the last wave of which, the c wave, is explained.
This c-wave formed its leading waves in the form of a channel and in the shape of a triangle, and we said that this structure is completed when the purple trend line and the bottom of our channels are broken down, and this happened.
Now, based on our count, we have formed five waves, which we recognize as wave 1 or wave a, depending on the continuation of the process.
We are now waiting for the correction of this wave, which is confirmed by breaking the trend line and the green circle, and then continues to make a wave as small as the current wave.
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UKX | FTSE 100 (Additional 15% Drop)- The falling wedge is broken.
- Break below EMA50.
CRITICAL SUPPORT at EMA100/MA200 or 6959-6984.
If this support breaks, the 15% drop mapped on this chart becomes inevitable.
These markets close on weekends which means that this week we will have the worst close in years.
Nothing new here...
It is the same as with the SPX (S&P 500 Index), DJI (Dow Jones Industrial Average), NDX (Nasdaq), etc.
(Check Related Trade Ideas below this post.)
It is all going to crash BUT, it will recover after the crash.
Consider it a "financial detox".
Namaste.
FTSE 100 (UKX) | Best point for sell🎯Hello traders, FTSE 100 (UKX) in daily timeframe , this analysis has been prepared in daily timeframe but has been published for a better view in 2 day timeframe.
All of these counts correspond to a larger wave that may have preceded a correction or triangle.
Based on a count, we are in a zigzag motion, and from this zigzag, waves a and b are over, and now we are inside wave c.
Wave c itself is formed inside a channel or a triangle, and from this pattern, waves 1, 2, 3, and 4 are completed, and now we are inside wave 5.
Wave 5, like the other waves of wave c, was in the form of three waves, and of these three waves, the last wave did not end, and the end of this wave is confirmed when the red circle or trend line is broken.
We do not know the amount of correction at the moment, but it is possible to correct up to around 6550.
If the warning signal range is broken upwards, wave 5 is larger than wave 3, in which case we have to re-examine the waves.
🙏If you have an idea that helps me provide a better analysis, I will be happy to write in the comments🙏
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FTSE 100 (UKX) | The best places to start a downtrend🔥Hello traders, FTSE 100 (UKX) in daily timeframe , this analysis has been prepared in daily timeframe but has been published for a better view in 2 day timeframe.
All of these counts correspond to a larger wave that may have preceded a correction or triangle.
Based on counting, we are in a zigzag motion, and from this zigzag, waves a and b are over, and now we are inside wave c.
Wave c itself is formed inside a channel or a triangle, and from this pattern, waves 1, 2, 3, and 4 are completed, and now we are inside wave 5.
Wave 5, like the other waves of wave c, is in the form of three waves, and of these three waves, the last wave does not end, and the end of this wave is confirmed when the red circle or trend line or the bottom of the channels is broken.
We do not know the amount of correction at the moment, but it is possible to correct up to around 6550.
If the warning signal range is broken upwards, wave 5 is larger than wave 3, in which case we have to re-examine the waves.
🙏If you have an idea that helps me provide a better analysis, I will be happy to write in the comments🙏
❤️Please, support this idea with a like and comment!❤️
FTSE 100 (UKX) | The best places to start a downtrend🔥Hello traders, FTSE 100 (UKX) in daily timeframe , this analysis has been prepared in daily timeframe but has been published for a better view in 2 day timeframe.
All of these counts correspond to a larger wave that may have preceded a correction or triangle.
Based on a count, you are in a zigzag motion, and from this zigzag , waves a and b are over, and now we are inside wave c.
Wave c itself is formed inside a channel or a triangle and from this pattern, waves 1, 2, 3 and 4 are completed and the instruments are inside wave 5.
Wave 5, like the other waves of wave c, is in the form of three waves, and of these three waves, the last wave does not end, and the end of this wave is confirmed when the red circle is broken.
We do not have an exact target for the correction rate at the moment, but it is possible to correct up to around 6550.
🙏If you have an idea that helps me provide a better analysis, I will be happy to write in the comments🙏
❤️Please, support this idea with a like and comment!❤️
FTSE 100 (UKX) | The best places to start a downtrend🔥Hello traders, FTSE 100 (UKX) in daily timeframe , this analysis has been prepared in daily timeframe but has been published for a better view in 2 day timeframe.
All of these counts correspond to a b wave at a higher time.
This wave b is formed in the form of a zigzag and from this zigzag the waves a and b are finished and the wave c is being formed.
From wave c, the microwaves 1, 2, 3, and 4 are formed in the form of a channel or triangle, and we assume that wavelet 5 is in wave c, and this wave is around Fibo 1.00 relative to wave a, and probably a sideways process for roofing is formed in this range. .
Either in the same range after the formation of the other two waves ends or after colliding with the upper side of the channel.
The descent will be confirmed when the channel floor and the red circle are broken.
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FTSE 100 (UKX) | The best places to start a downtrend📍Hello traders, FTSE 100 (UKX) in daily timeframe , this analysis has been prepared in daily timeframe but has been published for a better view in 2 day timeframe.
All of these counts correspond to a b wave at a higher time.
This wave b is formed in the form of a zigzag and from this zigzag the waves a and b are finished and the wave c is being formed.
The c-wave consists of microwaves 1, 2, 3, and 4 in the form of a channel or triangle, and we assume that the 5-wave microwave is at the end of its motion process.
Either it ends in the same range after the formation of the other two waves, or it completes after hitting the upper side of the channel and the fall starts from that area.
The descent will be confirmed when the canal floor and red circle are broken.
🙏If you have an idea that helps me provide a better analysis, I will be happy to write in the comments🙏
❤️Please, support this idea with a like and comment!❤️
FTSE 100 (UKX) | The best places to start a downtrend🔥Hello traders, FTSE 100 (UKX) in daily timeframe , this analysis has been prepared in daily timeframe but has been published for a better view in 2 day timeframe.
The whole wave we counted corresponds to wave b at higher times.
This wave b is formed in the form of a zigzag and from this zigzag the waves a and b are finished and the wave c is also being formed.
From wave c, the microwaves 1, 2, 3, and 4 are formed in the form of a channel or triangle, and from the last wave, wave 5, one ascent to the rest of this ascent can be at the end of its process or it can continue up to Fibo 1.00 for wave c and then with Break the bottom of the designated channel to start the downward waves.
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FTSE 100 (UKX) | The best area to fall🔥Hello traders, FTSE 100 (UKX) in daily timeframe , this analysis has been prepared in daily timeframe but has been published for a better view in 2 day timeframe.
The wave we counted is actually wave b at higher times, it is zigzagged.
And this zigzag is in normal conditions in every way.
Wave c moves as much as wave a and is a good point for its end and the beginning of a new movement.
If the trend lines , ie the red circle, are broken downwards, the formation of a new wave will be confirmed, and we have specified the targets of this wave.
And if the upward warning range is broken, the end of wave c will be at higher Fibos.
🙏If you have an idea that helps me provide a better analysis, I will be happy to write in the comments🙏
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FTSE 100 (UKX) | The best area to fall🔥Hello traders, FTSE 100 (UKX) in daily timeframe , this analysis has been prepared in daily timeframe but has been published for a better view in 2 day timeframe.
According to the previous waves, this wave that we counted is wave b and wave b is formed in a zigzag pattern.
And we assume that this zigzag is over and wave c waves are formed.
We are inside wave 1 of wave c and wave 1 can be guessed to end at the bottom of the orange channel and wave 2 is formed as a reaction to this price floor and then wave 3 starts moving, which moves to 6500 in the first step.
This analysis is fielded if the previous ceiling is broken.
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