FTSE - Gartley Harmonic & Beyond? I believe a fulfilled Gartley on the FTSE. Possible trend continuation. Interesting, S&P which (that) I drew (drawed) .. Seems to be following. Lets see, S& P to follow.
UK100 trade ideas
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.
UK 100 INDEXThe Price Was in Up trend for Many Days So I expect That The price will go on the previous trend after a simple correction.
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 100 shortMy point of interest has been hit twice. And their is equity that the banks will collect from the bullish trend.so Iv to trade like the banks . So go short. With a small risk and high in profit. Sell sell. Sell.
FTSE100 One of the best index buysThe FTSE100 index is approaching its 2022, a rare feat among the leading global stock indices, the majority of which are making Lower Lows. This strength is technically derived by the bullish dynamics of the Fibonacci Channel Up it has been trading in since 2021, which only broke during March's correction.
The price action since April 10 is similar to the sequence of August 11 - October 11 2021. The bottom on both pattern was made after the 1D MA200 (orange trend-line) broke. The latter sequence went on to make a Higher High on the 1.382 Fibonacci extension. That extension on the current pattern is around 7860 and that is our Target by July.
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Uk100 slight shortShorting UK100 high probability of price drop before another bullish run. Take caution and don't over risk it. Will add more analysis description shortly
FTSE100: some upside potential?Testing major resistance.
A price action above 7390 supports a bullish trend direction.
Crossing below this level will negate the bullish bias.
Trend strength indicates a strong trend that is gaining strength.
RSI leaves enough room for further upside price potential.
Remains above its 200-day simple moving average.
Keep your exposure small.
UK100GBP shorthi traders: this is uk100 two trades ended full loss and the third will win therefore don't lose hope Every failed experiment is one step closer to success.
UK100 :ShortStochastic overbought
MACD is yet to confirm the move further down
*Risk management is more important than the strategy*
UK100GBP shorthi traders: last trade of uk100 ended full loss now i see another opportunity and clear in the screen how i set my entry.
every weekend i do backtesting ,if you interest you can j.....n my ytbe .
UK100GBP shorthi traders:as i mentioned earlier uk100 is the best shaped one of all indices ,the last entry closed BE now i see an expending channel with LTF continuation and i set an entry , if interest give the correction enough space then the trend will look another down side.
UK100 Bullish trend analysisPrice has bounced off the 7200 mark, better yet price touched down above the 200 EMA where bulls have entered back in for long positions.
UK100 12th MAY 2022Bullish potential on the OANDA:UK100GBP Daily Timeframe , The price have no power to breakout below the support 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 .
UK100 4th APRIL 2022
UK100GBPhi traders:uk100 the second entry as clear in the structure correction continuation from the previuos HTF ascending channel.
UK100GBPHi traders:don't take trades every day try to minimize the number of trades and hold the trade for long period,
if you interest backtesting you can watch
