FTSE in hot waterClosed with a hang man candle here. Pattern in yellow trendline was a broadening wedge which sent Ftse into ATH. Anything that rises this fast usually forms a rising wedge. Looking for a correction down to 7400-7500 or retest former resistance this springShortby ContraryTraderUpdated 1111
FTSE HIT A NEW ALLTIME HIGH DEGATIVE/ RSI SPOT ON I need not remind you it is a worldwide thing Deflation cycles Shortby wavetimer2
Has FTSE formed a swing low?UK100 - Intraday - Previous support located at 7600. Previous resistance located at 7650. Price action has continued to trend strongly lower and has stalled at the previous support near 7500. Price action looks to be forming a bottom. Risk/Reward would be poor to call a buy from current levels. A move through 7650 will confirm the bullish momentum. We look to Buy at 7521 (stop at 7456) Our profit targets will be 7681 and 7711 Resistance: 7650 / 7700 / 7750 Support: 7600 / 7500 / 7400 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.Longby OANDA0
Long FTSE on the 76 FTSE recently made a new high for the first time since 2018. Been slamming since then but it's slammed into the 76 and we have some buyers coming in now. Long the 76 fib with stops under the low. Longby holeyprofit1
UK100 GB Weekly DOJI candle, reversal of the trend SHORT Hello fellow traders, This analysis is a continuation of my earlier short position which was closed and waited for the signal to re-open and as you can see weekly Doji candle indicates the reversal of the rising trend, resistance zone above as s/l and support being the target of t/p- Risk reward- 1: 3.6 ! This is just my idea not a trading advise, always protect your losses with a s/l you can handle without tearing your hair :DShortby lb-countsUpdated 112
Impulsive Elliott Wave Decline in FTSE Calling More DownsideFTSE ended cycle from 3.16.2020 low with wave I at 8047.06. The Index is now in the process of correcting this 3 year rally in wave II. The internal subdivision of wave II is unfolding as a zigzag Elliott Wave structure. A zigzag structure is a 5-3-5 structure with ((A))-((B))-((C)) as the label. Wave ((A)) and ((C)) in this case subdivides into 5 waves impulse. In the 1 hour chart below, FTSE is still within wave ((A)) of II with subdivision as 5 waves. Down from wave I, wave 1 ended at 7978.61 and wave 2 ended at 8020.13. The Index then resumes lower in wave 3 towards 7870.39, and wave 4 ended at 7949.97. Final leg lower wave 5 ended at 7854.82 which completed wave (1). Rally in wave (2) ended at 7976.48 with subdivision as a zigzag structure. Up from wave (1), wave A ended at 7950.69 and pullback in wave B ended at 7875.03. Wave C higher ended at 7976.48 which completed wave (2). The Index resumes lower in wave (3). Down from wave (2), wave 1 ended at 7897.45 and rally in wave 2 ended at 7959.77. Expect the Index to extend lower 1 more time to end wave 3, then it should rally in wave 4 and extends lower again. Near term, as far as pivot at 7976.48 high stays intact, expect rally to fail in 3, 7, or 11 swing.by Elliottwave-Forecast4
FTSE 100 SELL (UK100 INDEX)Hi there. Price is moving impulsively to the downside. Wait for the price to complete the pattern and watch strong price action for sell.by thunderpips3
UK100 CHARTED 3-13-23 10pAlerts set on major trendlines and short term trend lines.by austinmerrill23110
GAMEOVER UK!Banking crisis? naah! much moreee mate! We are entering a huge collapse that will lead to the biggest bear market in 100 years! be on the Right side! GOODLUCK!Shortby kouda97111
During periods of volatility markets mean revert to long term maDisclaimer: The information posted on Trading View is for informative purposes and is not intended to constitute advice in any form, including but not limited to investment, accounting, tax, legal or regulatory advice. The information therefore has no regard to the specific investment objectives, financial situation or particular needs of any specific recipient. Opinions expressed are our current opinions as of the date appearing on Trading View only. All illustrations, forecasts or hypothetical data are for illustrative purposes only. The Society of Technical Analysts Ltd does not make representation that the information provided is appropriate for use in all jurisdictions or by all Investors or other potential Investors. Parties are therefore responsible for compliance with applicable local laws and regulations. The Society of Technical Analysts will not be held liable for any loss or damage resulting directly or indirectly from the use of any information on this site. U01:05by The_STA3
FTSE BULLISH EXHAUSTION?I am currently looking to sell this index. It is no surprise to anyone who reads my ideas ,not many:p, that I am of the option that whilst the latest inflation data coming from the UK has ticked lower, I believe it will again raise its head to bite the UK on its ar$e. I guess more importantly, I think the inflation data coming out of the US over the coming months will be hot and with that the dollar will rally once again. Although not quite as it did in 2022. This will result in a significant exportation of inflation around the world which will further increase the prices of food, energy and fuel; pretty much everything that is priced in USD. Ultimately hurting the economies which the companies comprising the FTSE rely on. Aside from big pharma and petrochemicals. Moreover, if you look at the chart above, the FTSE has been in a decent rally since October of last year which culminated in an all-time high milestone of 8000. The rally to date has been moving in an ascending triangle (WHITE) which coincided nicely with relatively strong divergences between the move up to 8000 and the indicators shown (RED). This is often a good indication of weakness in a prevailing trend and may potentially signal bullish exhaustion. The price broke this triangle structure on 28/02/23 with a failed rally back to support which indicates that we may be looking at a decent move to the downside in the coming weeks and months. As such, I’m now looking to enter a sell trade from here-on. My POI for this move is anywhere between 8950 and 8130 (current price to top of structure) As always I will be scaling in my positions as (or if) the price moves higher, which I expect it will until Powell comes out and admits that last months 25bps hike was a mistake. It’s important to note that the UK economy and this index are not overly correlated because whilst the companies making up the FTSE may be HQ’d in the UK, their market audiences are more global. Please bear in mind that this is not a full breakdown or analysis for an entry, it is just my current thoughts on this market and a very basic o view of why I’m looking to short this index. Please always do your own analysis and always trade with caution. Shortby jamesfrench73Updated 3
British FTSE100 dropIt looks possibly that the recent all time high in the British FTSE100 index was a false breakout providing liquidity to shorts. Today the index is sharply down.by MrAndroid0
FTSE to recoup some of Friday's 'SVB' selloff?Friday was the most bearish day for the FTSE since September, as concerns over SVB (Silicon Valley Bank) and the potential for contagion across the finance sector weighed on sentiment. Yet a joint statement from the Fed, Treasury and FDIC (Federal Deposit Insurance Corp) released on Sunday assured that deposits at the bank will be guaranteed, which helped boost sentiment in today's Asian session. Futures markets point to a higher open, and we suspect the FTSE can rebound and recoup at least some of Friday's losses. Note that the RSI (2) reached oversold by Friday's close, and the low of the day found support around the 2019 / 2020 highs and monthly S1 pivot. The bias is bullish above Friday's low and for an initial move to 7800, a break above which brings 7850 into focus. Longby CityIndex114
FTSE100 - KOG Key daily support here, break below and this will go down for a potential bounce, however, this level here should be strong. As always, trade safe. KOG Uby KnightsofGold2218
Intelligent Trading Academy - FTSE FX FTM DAILY SELLThe FTSE index has respected our analysis and has produced some great trades for us. Today on the daily timeframe we highlight our shorting level of interest (LOI) at 7867 and we monitor closely. Updates daily in the VIP group chat. Shortby TradeUniTradersUpdated 2
FTSE 100 Index Trending HigherFTSE 100 Index trending higher on the weekly chart; current price is above its 10 week moving average (bullish); both the 4 and 13 week rate of change indicators above zero (bullish); upside prospects for the short to medium term (5-49 days) spotted at 8,023 and 8,203, while downside price risk below 7,742 implies the end of the prevailing up-trend. Not investment advice. Past performance does not guarantee or predict future performance. Longby Skilling1
UK100 moving abvove the trendlinetrend is bullish , take buy limit entry at fib 0.382Longby WahidMalik111
FTSE Setting Up For An 8200 TestIn this update we review the recent price action in the FTSE and identify the next high probability trading opportunities and price objectives to target01:03by Tickmill3
FTSE Broke from a range to the upside.Previous support located at 7950. Previous resistance located at 8000. The correction lower is assessed as being complete. Further upside is expected. Risk/Reward would be poor to call a buy from current levels. Our profit targets will be 8006 and 8024 UK100 - Intraday - We look to Buy at 7926 (stop at 7894) Resistance: 800 / 8050 / 8100 Support: 7950 / 7900 / 7850 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.Longby OANDA4
FTSE 100 Short PostitionSPREADEX:FTSE FTSE 100 Short Position Resistance forming around 7.950 Downward movement towards 7.900 and 7.750 beyondShortby SGB920
SELLUK100- broke the trendline, and now we have a very good R:R to take a short position to the support zone which is also the bottom line of the channel.Shortby orimichaeli0
UK 7000 Target ReachedTaken a few months but the UK short Target has been reached. Expecting things to plateaux from here. Best, HF by hardforkyUpdated 1