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 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...
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...
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...
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...
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,...
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...
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...
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...
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...
UKX After the pandemic drop UKX is managed to gain back some of the earlier loses incurred during the initial nation wide lock down period. After the easing of general restrictions and the hope of for economic recovery was started and UKX managed to rebound towards 6400.00 level. And the .50 Fibonacci retracement level is acting as major barrier for the bullish...
According to last week movement and market structure, I found a potential reversal zone. Hope it helps! :) Risk to Reward 1:2 WARNING: This is just my idea and check Monday's movements and decide by yourself!
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...
I think that there will be a long-term correction wave in the global markets on a macro scale, in this context, I think we will observe a pattern in #UKX as I mentioned in the chart.. Markets will become very interesting after 3,4 months, we will wait and see.. What I wrote is about strong possibilities that most investors do not express or expect.. Please do...
Weeeeee (I will update tomorrow morning I’m twisted RN)
Hello my dear readers, here we would like to take a look at two different scenarios FTSE 100 Index Chart (UKX). Let's start with the bearish scenario because this is the one that is in play right now... Feel free to hit like to show your support. Looking at the chart above, we can notice a huge descending channel (bold brown dashed line) and we have two rising...
FTSE 100 approached our first resistance at 7233 (horizontal pullback resistance, 50% Fibonacci retracement , 61.8% & 100% Fibonacci extension ) where a strong drop might occur below this level pushing price down to our major support at 6961(38.2% Fibonacci retracement , Horizontal pullback support, 100% Fibonacci extension ) Stochastic (55,5,3) is also...
UKX is approaching our first support at 6768 (61.8% & 100% Fibonacci extension , 50% Fibonacci retracement) where a strong bounce might occur above this level pushing price up to our major resistance at 7045 (38.2% &50% Fibonacci retracement , 61.8% Fibonacci extension ). Stochastic (34,5,3) is also approaching support where we might see a corresponding bounce in price.