FTSE trade ideas
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
UKX Also In The Crosshair, Move To Crypto!The UKX, FTSE 100 Index, is also in the red.
This is the main index for the top 100 companies by capitalization in the UK.
We see prices going below EMA50 after a lower high. (Feb. vs Apr.)
Going below EMA50 is always bad news.
Since we have a lower high after the EMA300/100 bounce, this can lead to a lower low.
The next target on this drop should be around 6600 and 6250...
It can go lower but it will recover only after a long term after this low.
(Apr. 22) UKX Lower High
Thank you for reading.
Namaste.
FTSE 100 compared to US100 and S&P 500Comparison between the largest 100 UK companies and 100 tech companies in the US and 500 biggest companies in the US.
long toward 8200index is going up in a channel to complete target of previous wolfe wave formed earlier ,so we believe that index will go upward toward 8200 and if this happened there would be a chance of completion of a huge wolfe wave on monthly time frame which results in downward move toward 5800
any comments please share
tnx
UK100GBPhi traders: the way you become profitable is only more backtesting and less trading (6 trades maximum in a week).
let me know if you interest backtesting
UK100GBP shorthi traders:uk100 was one of my watchlist i updated and shared to all friends and now we see the target is clear as the structure looks.
UKX - 7,000 Target- Tracking to trajectory set 6 months ago.
- UKX hit 7,400 target (spent a few months sitting on this)
- UK market remains in bullish trajectory.
- Expecting market to be drawn down by global conditions to 7,000 mark.
- Possible flash down to 6,500
- Long-term bullish.
Best, Hard Forky
US Equity trajectory
UK100 Index Intraday Analysis:UK100 loss all of its gains after the announcement of negative non farm productivity. UK100 took rejection form 7617. My target is support of 7461.
If you like this or if you think the opposite of this or if there is any other opinion, mention it in the comments. I am open to all kind of suggestions and critics
FTSE 100 winI don’t normally trade this FTSE but it was on a strong Price of interest zone I entry was based in H4 and what a win.
Long @ 7482 for repeat test of recent highGoing long at 7482 open looking to re-test the recent highs
UK100 SHORT IDEAPrice has rejected main resistance level, 4H candle just closed as bearish engulfing so I'm expecting to price comes down to the previous low level since the main pattern on Daily and weekly are channel UP I believe it will touched there and bounced back up.
Steve's Gun2Head - Buying UKXGBPTrade Idea: Short term bottom formation
Reasoning: Price action
Entry Level: 7506.8
Take Profit Level: 7556.8
Stop Loss: 7486.8
Risk/Reward: 2.5:1
Disclaimer – Signal Centre. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis, like all indicators, strategies, columns, articles and other features accessible on/though this site is for informational purposes only and should not be construed as investment advice by you. Your use of the technical analysis, as would also your use of all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
UK100 - CollapseEntering a short here on UK100.
Wave C really leaning over looking very corrective into upthrust top.
After which it appears to be in progregessive capitulation structure.
Targeting a collapse to at least the 1:1 @ £7128.
Not advice.
UK100 BuyClosing if price closes BELOW the support zone, no set SL in particular, and targeting the top green zone
Elliott Wave View: FTSE Looking To Turn LowerShort Term Elliott Wave View in FTSE suggests cycle from March 7, 2022 low ended at 7672.16 in wave (1). Internal subdivision of wave (1) unfolded as a 5 waves impulse Elliott Wave structure. Up from March 7 low, wave 1 ended at 7260.40 and pullback in wave 2 ended at 7075.82. Index then extended higher in wave 3 towards 7595.42, and dips in wave 4 ended at 7508.92. Final leg higher wave 5 ended at 7669.56 which completed wave (1).
Wave (2) pullback is in progress as a double three Elliott Wave structure. Down from wave (1), wave ((a)) ended at 7543.03 and rally in wave ((b)) ended at 7656.47. Wave ((c)) lower ended at 7339.53 which also completed wave W. Wave X corrective rally is now ongoing with internal subdivision as a flat. Up from wave W, wave ((a)) ended at 7463.15 and wave ((b)) ended at 7344.89. Expect wave ((c)) of X to end soon as 5 waves and the Index should then turn lower. Near term, as far as pivot at 7669.56 high remains intact, expect wave X rally to fail in 3, 7, 11 swing for further downside.
UK100: A Great Buy Setup from the Long-term Uptrend Line UK100 has recently touched its long-term uptrend line, bounced up twice from the line and formed a potential double bottom pattern. We can see that price has touched this uptrend line many times in the past and then reversed by forming reversal patterns. Therefore, we will be looking for buy opportunities at this stage.
Our task now is to wait for a neckline breakout of the double bottom, which is the criteria for a reversal. Once price breaks the neckline, we will put buy limit orders at the neckline to capture the pullback. Our first target is the previous high from where the price has fallen, which is the 7650 level. We can see from the past reversals that when price jumped from the trend line, they all retraced back to the previous high.
FTSE100 Bearish Incoming, watch for sell
hello traders:
Lets take a look at UK100 and its current price action development.
From the higher time frames (HTF), we can see that price is currently in the a larger, ascending structure correction, consolidated for quite some times now.
We did see price pushed down during the early march, and now price is back to the top where the previous highs and potential top of the structure and area.
Now on the lower time frame (LTF), we can see more possible bearish development, potential double tops, smaller, ascending channel, correcting the price up to the top.
Either look for price to commit down with a bearish impulse, and look for continuations after to confirm.
Or
a possible short term up move, to the top of structure, and if there is bearish reversal price action, it can also confirmed the downside move.
Thank you
FTSE Trading The CorrectionIn this update we review the recent price action in the FTSE and identify the next high probability trading opportunity and price objectives to target.
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FTSE EXPECTED DOWNTURNFTSE might be headed for correction after slowed down growth among supply problems due to the war in Ukraine and the COVID outbreak in China, which is pushing up costs to a levels last seen in 1970s.
FTSE will most likely drop to its previous low of 7339 and from there it might try to test its previous low of 7050. If it decides to reverse, it will most likely test its previous high at 7675.
Both technical indicators MACD and RSI are showing slow down of the bullish trend.
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