Setting up UK100 – entering LONG positionOur entry at 8242, with stop loss at 8201.60
Once it reach 8262.50, trail stop loss to 8219.80
Our 1st target at 8279.9.
2nd target at 8306.7
3rd target at 8342.40
UK100 trade ideas
UK100 Index Faces Resistance: Short-Term Pressure Ahead🚨 Market Update: The UK100 Index (FTSE) recently hit resistance around the July high of 8408, peaking at 8418. It’s now facing short-term pressure, with the daily RSI showing a divergence that signals a loss of upward momentum. Given this, we could see further declines, possibly slipping back to the 55-day moving average at 8234, or even towards the 2023 high of 8044.
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UK100 Local Highs Sustained..Slight weakness has come into the FTSE pre US major data.
Various equities are sat dawdling looking for future direction, with soft landing rhetoric largely pricing in a strong economy case overall.
Any slight tip can change.
UK100 - long NOT sure it worth for our RISKAfter carefully measure the risk, STOP LOSS at 8349.30, entry at 8375,
Target 1 - 8389.60
Target 2 - 8416.90
the RISK ration is -2R again 1R is not our favourable, but I just post to give you an option.
We are in SHORT UK100Team, this morning we were waiting patiently for the UK to hit our short position. We are now entering the short positon at 9394.60
STOP LOSS at 8420.10
Target 1 at 8378.60 once it hit the target, trail your stop loss toward the entry short position.
Take some partial profit
then target 2 8362.60
and then 8352.80
FTSE 100 Potentially topped. Strong pull-back incoming.Earlier this month (August 08, see chart below), we got the most optimal buy entry on FTSE 100 (UK100) that quickly hit the 8300 short-term Target, even earlier than we expected:
The price is now above the top (Lower Highs trend-line) of the Bearish Megaphone, a symmetrical pattern to May - August 2023. We expect this rally to top soon and then pull-back the same way to the symmetrical Support Zone, below the 1D MA50 (blue trend-line).
Shorters can target its top at 8150 and then buy for 8500.
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We are entering a short position on UK100As we expect a little pull back from the UK100,
SHORT POSITION AT 8411, STOP LOSS at 8425
Target at 8472-65
Once the price reach below 8385, trail stop loss toward your short position to protect the trade.
FTSE at a crossroad - Potential short term down play!Simple yet effective.
Given the earnings so far from FTSE came out negative and the broad relief rally / dead cat bounce, I expect global indices to fall next week.
Should 61.8% fib level break and close higher, we may very well see ATH for FTSE so trade carefully with a very tight stop loss.
SETTING UP SHORT UK100 - preparing stageTeam, I have been prepare the set up to short UK100,
With Entry around 8360-58, with stop loss at 8378
Target 1: 8336
Target 2: 8321
Target 3: 8308
Please note: once the price hit first target, trail stop loss to 8355!
Prepare to SHORT UK at 8392-89 rangesTeam, I am prepare to set up a short position for UK at 8392-89 reanges with stop loss at 8412, target at 8366 and 8341. I believe once it hit those price, it is likely to retreat.
We were waiting for the UK to reach our short postionEarlier today, we were waiting for the UK to reach the 5th of August at 8405. However we wait for the pull back toward 8393 that where we enter our short position. We set our stop loss at 8410. We are looking at the target ranges 8362-45. We also expect September, the UK will likely heading into bearish trend toward 8250 ranges.
FTSE 100 (ICE Europe) may fall to 8248.00 - 8284.00Pivot
8365.00
Our preference
Short positions below 8365.00 with targets at 8284.00 & 8248.00 in extension.
Alternative scenario
Above 8365.00 look for further upside with 8401.00 & 8433.00 as targets.
Comment
As long as 8365.00 is resistance, look for choppy price action with a bearish bias.
Supports and resistances
8433.00
8401.00
8365.00
8325.50 Last
8284.00
8248.00
8170.00
Number of asterisks represents the strength of support and resistance levels.
UK100 Bearish 4H TF(Divergence, BOS, Resistance)UK100 showing bearish momentum supported by 4H divergence with recent Break of Structure (BOS) and strong resistance. Entry is placed as Sell Stop below the previous LL. TP is at 1:1 and SL at previous HH.
Note: You can close half of the position at 8098 level (if you are not comfortable with price going more down).
What do you think, will it work?
shorting UK at 8279last two days ago, our trade was shorting at 8333, with target 8305-8286-8248. all target meet. Today we are reshort again at 8279, with tight stop loss at 8292, target at 8256. Good luck
The analysis of the UK100 index by the Mallicast teamThe UK100 index will continue to grow at a slower pace and we will have an upward price target
UK100 Maintains Bullish Momentum as Key Support Holds FirmHello Everyone,
The UK100 has maintained a steady bullish trend, recently reaching our target of 8399.4. Looking ahead, the bullish momentum is expected to continue. The 8225.064 level, previously a strong resistance, has now turned into solid support, further reinforcing the positive outlook. While some fluctuations are possible, they are currently less likely to significantly disrupt this upward trajectory.
TradeWithTheTrend3344
FTSE100 Recovers Sideways RangeU.S. and European stock markets have staged a significant rebound on Wednesday, with gains between 3% and 6% from the lows of “panic Monday” in early August. The Nasdaq 100 has led the gains on Wall Street, up 6.5%, while the S&P 500 is up 5.1%. However, both indexes continue to show losses so far this month. Slowing inflation has bolstered bets for a September rate cut, while Flutter and Playtech stocks have stood out with strong gains following positive news. In Europe, the EuroStoxx 50 has advanced 3.4%, but is still down 3% in August. The European market faces key technical resistance for its recovery.
In the United Kingdom, the FTSE 100 (Ticker AT: UK100) closed higher yesterday for the fourth consecutive session, boosted by softer inflation data in July that has raised expectations that the Bank of England could cut interest rates at its next meeting. Both the FTSE 100 and FTSE 250 are up 0.6% and 1%, respectively, reaching two-week highs. Interest rate sensitive sectors, such as housebuilders, have led the gains with a 3.4% rise. However, industrial metals miners have fallen nearly 1% due to an unexpected decline in Chinese lending. British trade balance, GDP, industrial and manufacturing production, and investor sentiment data are released today. If the results exceed expectations, they could boost the index further, signaling a possible tentative recovery in the UK economy.
Looking at the chart, the index is currently at 8,282 points, following the upward movement initiated on August 7 after the candle of indecision on August 6, which has marked the continuation trend to the average of the annual uptrend. At the moment the price resistance coincides with a drop in the RSI towards oversold, we will see if the price is able to pierce the 8,411.15 points. Currently the Control Point (POC) is located in the area of 8,200 points. If the price pierces again, it is very likely that the market will try to encourage a new bull market as is happening with the U.S. market at the moment.
Ion Jauregui - ActivTrades Analyst
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Overcoming Self-doubt and Pushing ForwardHow did I overcome self-doubt & push forward towards my goals? I wanted to share my personal journey on how to pick yourself up when self-belief falters:
1️⃣ Acknowledge the feeling: It's okay to have moments of self-doubt. I've learned that recognizing and accepting these emotions is the first step towards overcoming them.
2️⃣ Reflect on past successes: Reminding myself of the goals I've already achieved and the obstacles I've overcome boosts my confidence. I've done it before, and I can do it again!
3️⃣ Break goals into smaller steps: When overwhelmed, I break my big goals into smaller, manageable tasks. Progress on these smaller milestones fuels motivation and keeps me moving forward.
4️⃣ Seek support & encouragement: I reached out to friends, mentors, and my trading community for support and encouragement back in the day. Surrounding myself with positive influences helps me regain perspective and self-belief.
5️⃣ Embrace the learning curve: Instead of dwelling on setbacks, I view them as valuable learning experiences. Every challenge is an opportunity to grow and refine my approach.
6️⃣ Visualization & positive affirmations: I visualize myself achieving my goals with clarity and conviction. Positive affirmations reinforce my belief in my capabilities and attract success. PS: I also dismissed this voodoo at the beginning. Trust me, don't.
Remember, it's normal to have moments of doubt, but they don't define you. Embrace the journey, draw strength from within, and persist with determination. Trust in yourself and your abilities to reach those goals!
UK100 H1 | Falling to pullback supportUK100 is falling towards a pullback support and could potentially bounce off this level to climb higher.
Buy entry is at 8,187.81 which is a pullback support.
Stop loss is at 8,118.00 which is a level that lies underneath a pullback support.
Take profit is at 8,301.72 which is a pullback resistance that aligns with the 78.6% Fibonacci retracement level.
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Elliott Wave Intraday Analysis: FTSE should Continue HigherShort Term Elliott Wave in FTSE suggests that the index has completed a bearish sequence from 5.15.2024 high. The decline made a zig zag Elliott Wave structure. Down from 5.15.2024 high, wave A ended at 8106.79 low. Rally in wave B ended at 8405.24 high with internal subdivision as a expanded flat structure. Up from wave A, wave ((a)) ended at 8279.75 and wave ((b)) ended at 8056.01. Wave ((c)) higher ended at 8405.24 which completed wave B in higher degree.
Then, FTSE turned lower in wave C with internal subdivision as an impulse structure. Down from wave B, wave ((i)) ended at 8158.03 low and wave ((ii)) ended slighly up at 8174.71 high. Wave ((iii)) lower ended at 7972.35 and wave ((iv)) ended at 8024.83 high. Final leg wave ((v)) ended at 7915.94 low which completed wave C and (4) in higher degree. The current rally is in progress expecting to continue higher as wave (5). Near term, we are calling an impulse structure as wave ((i)) from wave (4) low. This wave ((i)) should be completed very soon and we are expecting a retracement in 3, 7 or 11 swings as wave ((ii)) before resuming the rally. The view is valid as price action remains above 7915.94 low.
overlap resistance ahead?UK100 is rising towards the pivot and could reverse to the 1st support.
Pivot: 8,257.05
1st Support: 8,122.00
1st Resistance: 8,367.16
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FTSE 3rd straight green day after the bottom.FTSE 100 (UK100) is having perhaps the most convincing bottom formation out of all major global indices as despite the selling pressure evident on each day, it is (so far) today on the 3rd straight green 1D candle since Monday's Low.
That Low came just a few points from touching not only the 1D MA200 (orange trend-line) but also the Higher Lows Zone (started on October 27 2023). At the same time, the Bearish Megaphone since its All Time High (ATH), displays striking similarities with the April - August 2023 pattern.
In fact, this week's Low seems to be similar with the August 18 2023 Low. That initiated a rebound that almost touched the 0.786 Fibonacci retracement level, before another correction. Even the 1D RSI patterns are similar among the two fractals.
As a result, we turn bullish again on FTSE here, targeting 8300 (just below the 0.786 Fib).
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