FTSE 100 at the support levelLooks like the market at least sees the support (bottom of the uptrend channel + Butterfly D-point).
UK100 trade ideas
UK100UK100: on hourly TF, the price is at its support, and forming a bearish flag. If it breaks 6960 region, then we can expect a rally toward 6820 .
Bearish divergence was found at the top as well.
uk 100the price have broke our chanel and we are waiting for the price to retest before i can continue going up
the tp and sl is provided
please coment with your view
like and follow for more update
uk100 long nowThis market is witnessing an unusual movement and the possibility of a rise is very high
My advice is to buy
Buying UK100 at market.UK100 - Intraday - We look to Buy at 7000 (stop at 6940)
Previous support located at 7050.
Previous resistance located at 7100.
Price action looks to be forming a bottom.
Risk/Reward would be poor to call a buy from current levels.
Our profit targets will be 7150 and 7170
Resistance: 7100 / 7150 / 7170
Support: 7050 / 7000 / 6950
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uk100 short nowThis market is witnessing an unusual movement and the possibility of a decline is very high
My advice is to sell
UK100 | SELLERS ZONEUK100 on shorter time time has been trading in bullish trend .
The price is making higher highs and higher lows.
The price has approached to horizontal resistance too.
The price has also printed harmonic pattern Bearish CRAB. This pattern is a trend reversal pattern.
The bears will take control from resistance zone .
Manage your trades accordingly.
FTSE100: Notice that time cyclesThe repetitive nature (as highlighted by the blue arrows) remains of interest.
Might we see the next leg?
The time cycles indicate it might be time.
A price action above 6900 supports a bullish trend direction.
Consolidation price range from 7000 to 7100. Crossing above 7100 might target 7300.
Keep in mind that this index is one of the best performing index on a YTD basis.
UK100 Short in a descending channelUK100 respecting the support and resistance lines in a descending channel, now retesting the resistance trend line.
Bearish indications include:
1. Bearish trend in descending channel.
2. Bearish divergence near trend line.
3. Respecting resistance test.
4. Hidden Divergence in wider swings.
Action Plan:
Short from current market level and set the TP near 6830 or first reversal sign.
UK100 Bullish DivergenceUK100 on hourly chart shows strong bullish signs. Trendline broken upwords along with support by 50EMA which is going to be crossed over by 20EMA. Also a strong bullish divergence. Take long on pull back 6900-6905 TP1 6950 TP2 6990
FTSE broke out of weekly rangeHi Everyone!✋🏽
UK100 closed below the lower boundary of the range that started to build up in April '21. It can easily fall to the next weekly breakout that is approx. the same distance as the size of the range. Every countertrend on the lower timeframe is an opportunity to go short until the start of the Daily impulse wave is taken back by the buyers on the Daily chart - currently marked as the validity zone.
ANYWAY, a lot of Qs about the direction of the price. But it doesn't matter. WE JUST REACT!
Trade safe! ⚪️⚫️
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SIZE your TRADES according to your risk aversion!
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UK100 Analysis &Trade Plans Trade Plan A
1- A strong support area
if the price gets rejection then go for long
Trade Plan B
1- If the price breaks the
above support then go for short
at the new HH
uk100What is the UK100?
The UK100 index is a capitalisation-weighted share index that comprises 100 companies listed on the London Stock Exchange with the largest full market value. Founded in 1984, the UK100 index has since superseded the FT30 index as the foremost benchmark of UK equity.
FTSE 100 - major correction ahead?For the past year FTSE 100 price action has been trading inside a bearish rising wedge pattern following the March 2020 sell off. Price action has now completed its journey to resistance (look left) at the same time it has broken out of the wedge. The last time this occurred was in January 2020.
Currently, on the above 10-day chart, price action is meeting with strong resistance. Back in April 2015 this level resulted in a 20% correction. There’s no question about it, trading opportunities at this moment have entered a no mans land.
Is there a bullish outlook?
By definition the rising wedge is bearish and showing evidence of continuation. The majority of professional traders will not be ignoring this development, it is low risk with high probability of following through. However they can lead to false signals. For this to be one of them price action has to break through 7120 and confirm it as support. Until that happens…
Target? Closer to 5000 than 5500 with a high degree of probability.
Good luck!
WW
