FTSE 100 Cup & Handle at 15 min timeframe?FTSE 100 has recently experienced golden cross on 1-day charts. Resistance in 7600s was surprisingly easily bypassed Friday / Monday, and 7700+ was comfortably reached again post uneventful JP speech. Is this a bullish cup & handle on 15 minute, suggesting push towards 7800? Or will the FTSE face trouble with upcoming earnings this week, given last nights data outline sales haven’t outstripped inflation. Technicals and fundamentals appear divergent, as do RSI / price. Extensive resistance exists ~7775-7800, and above too where ATH sits. Is a turnaround nigh, or a new ATH. Thoughts?
FTSE
Buying FTSE at current lows.UK100 - Intraday - We look to Buy at 7525 (stop at 7495)
Previous support located at 7525.
Previous resistance located at 7600.
Broken out of the channel formation to the upside.
Risk/Reward would be poor to call a buy from current levels.
A move through 7600 will confirm the bullish momentum.
Our profit targets will be 7605 and 7635
Resistance: 7600 / 7675 / 7700
Support: 7525 / 7500 / 7450
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.
UK100 D1: TP +500 points BEST Level TO SHORT IT(SWING/TP)Why get subbed to me on Tradingview?
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UK100 D1: TP +500 points BEST Level TO SHORT IT(SWING/TP)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.
🔸 Summary and potential trade setup
::: trading near range highs
::: risk/reward shifting in BEARS favor
::: distribution in progress on daily TF
::: maxed out already / will re-test range lows
::: SHORT IT near market / short rips / rallies
::: expect pullback/correction mode SOON
::: BEARS will target re-test of range lows
::: maxed out / overbought conditions
::: BEARS will take over from overhead
::: expect limited upside going forward
::: SHORT IT near market Target is 6850/6950
::: Conservative TP BEARS is 7 000 points
::: unsustainable gains, pullback incoming
::: distribution at the TOP setup
::: spells MAJOR trouble for the BULLS
::: BEARS taking over from overhead S/R at 7500
::: expecting CORRECTION to last next 3-6 weeks
::: distribution at the top in progress
::: will lose up to 10% during pullback/correction
::: There is no upside in this market now
::: Get out / trim exposure / or SHORT IT
::: RISK/REWARD shifting in BEARS favor
::: into BEAR mode soon
::: either way setting up for 10%+ correction
::: 4-6 weeks of correction incoming soon
::: better be prepared in advance
::: when there's GREED there's also PAIN
::: good luck traders
🔸 Supply/Demand Zones
::: N/A
::: N/A
🔸 Other noteworthy technicals/fundies
::: TD9 /Combo update: N/A
::: Sentiment: BEARS/BULLS GAME OVER
::: Sentiment outlook short-term: BEARISH /CORRECTION
RISK DISCLAIMER:
Trading Futures , Forex, CFDs and Stocks involves a risk of loss.
Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results.
Always limit your leverage and use tight stop loss.
FTSE going to beat major indices and close the year in gains?The FTSE100 index (FTSE100) has resumed its bullish trend since the October 13 bottom after hitting both the 1D MA50 (blue trend-line) and 1D MA200 (orange trend-line) on December 20. In fact, against all odds during this inflation crisis and in contrast to its heavy stock index counterparts, it is about to close the year in gains (if it stays above the 7420 level this week).
Practically, the index has been within a huge Rectangle pattern in 2022, ranging within 7700 and 6710. If that's not impressive enough, it just completed a Golden Cross on the 1D time-frame (when the 1D MA50 crosses above the 1D MA200), which is technically a bullish formation. Last time we saw this pattern was on December 02 2020, as the index was recovering from the COVID crash globally. The price made a Low exactly at the time of the Golden Cross and started a very sustainable rise pattern.
What adds more weight to a bullish continuation, is the fact that the RSI on the 1W time-frame tested and held the former Lower Highs trend-line that was in effect through the majority of 2022.
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UK100 27th DECEMBER 2022Uncertainty of trade relations with the EU dealt a big blow to investment and business, which in the third quarter was 8% below pre-pandemic levels. Although, the trade deal between the UK and the EU has been ongoing for two years.
The UK's decision to leave the European Union, known as Brexit, has had a major impact on the UK economy. Brexit has been a drag on UK businesses and foreign companies using the UK as a European base. It weighs on imports and exports, drains foreign exchange, and contributes to labor shortages. All of which exacerbates the UK's inflation problem to the detriment of workers and the business community.
Buying FTSE on dips.UK100 - Intraday - We look to Buy at 7460 (stop at 7412)
Previous support located at 7450.
Previous resistance located at 7550.
Further upside is expected although we prefer to set longs at our bespoke support levels at 7450, resulting in improved risk/reward.
A move through 7550 will confirm the bullish momentum.
Our profit targets will be 7570 and 7600
Resistance: 7550 / 7600 / 7650
Support: 7450 / 7400 / 7375
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.
FTSE Elliott Wave Zigzag Decline in ProgressCycle from 10.13.2022 low in FTSE ended at 7600.11 on 12.1.2022 as wave (1). Subdivision of wave (1) unfolded as a 5 waves impulse structure. Up from 10.13.2020 low, wave 1 ended at 7017.4 and pullback in wave 2 ended at 6864.13. The Index extends higher again in wave 3 towards 7498.34, and pullback in wave 4 ended at 7420. Final leg wave 5 ended at 7599.70 which completed wave (1).
Wave (2) pullback is currently in progress as a zigzag Elliott Wave structure. Down from wave (1), wave (i) ended at 7429 and rally in wave (ii) ended at 7553.36. Index extends lower in wave (iii) towards 7305.72, rally in wave (iv) ended at 7385.38 and final leg lower wave (v) ended at 7302.82. This completed wave ((i)) of A. Index should now rally in wave ((ii)) of A to correct cycle from 12.1.2022 high before the decline resumes. Subdivision of wave ((ii)) is proposed to be in a zigzag in lesser degree. Up from wave ((i)), first leg wave (a) ended at 7389.92. Expect Index to pullback in wave (b), then extends higher again in wave (c) to complete wave ((ii)) before the decline resumes. Near term, as far as pivot at 7500.11 high stays intact, expect rally to fail in 3, 7, or 11 swing for further downside.
FTSE100 - Further downside is expected UK100 - Intraday - We look to Sell at 7425 (stop at 7500)
Previous support located at 7300. Previous resistance located at 7400. Further downside is expected although we prefer to set shorts at our bespoke resistance levels at 7425, resulting in improved risk/reward. A move through 7300 will confirm the bearish momentum.
Our profit targets will be 7250 and 7200
Resistance: 7400 / 7425 / 7500
Support: 7300 / 7250 / 7200
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FTSE pulls back into support zone, bullish trend remains strongAn interesting setup may have formed on the FTSE 100 daily chart. It has seen a strong rally from its October low and since produced a relatively shallow pullback from the 7600 resistance zone. The RSI (2) was oversold on Thursday and curled higher on Friday, which closed the day with a Spinning Top Doji candle to suggest a swing ow has formed. Furthermore, the 50-day EMA and monthly pivot point are supporting the pullback, so we’re now looking for a bullish swing trade and for the market to move higher.
Take note of the plethora of UK data released shortly, and the UK are set to release employment data tomorrow, inflation data on Wednesday and the BOE announce their monetary policy decision on Thursday.
UK100 FTSE Technical Analysis and Trade IdeaTaking a look at the UK100 FTSE at the moment. In the video we look at key support and resistance levels, the trend, and discuss a possible trade opportunity. As always everything, explained in the video, and not to be construed as financial advice.
UK100GBP LongThe index has retested the upper trend line of the falling flag, after the breakout.
I anticipate that the index will continue with the bullish momentum since the client sentiment indicate that there are more than 70% of the traders are bearish, a major indication that the price might move reversal of that.
My entry point is 7570, my targets are 7650, 7700, and 7810.
My Stop loss is at 7490, which is below a major market zone. My target R:R is 1:3.
Kindly, risk on 1-2% of your account.
$FTSE - Where to next? Longer term.$FTSE - Where to next? Longer term.
Here's a look of what could happen with the ftse going forward.
Technical view:
Got a stocks and share ISA? Take advantage of the great price points. As we are getting towards end of the year adjusting portfolio and to seek out further long term positioning. One specific instrument I have been looking at is the FTSE - Any pull back towards 700-630 - I will be buying the dip! The same principle goes for various other indices as well. FTSE - Inverse H&S if we break below 620 - this idea is no longer valid. I will be taking into considerations fundamentals as well.
Not Signal Provider or Investment Advice
FTSE broken out of downside target 7.890Reverse Cup and Handle has formed on the FTSE100
7 >21 >200 - Bullish
Target 7,890
Also we have the medium term downtrend broken up for the first time and so bullish momentum is kicking in.
FTSE 100 LongHello guys.
According to the higher timeframe of this index (1D), the trend is forming a falling flag, which might be a strong indicator of a bullish momentum.
According to the lower timeframe(1H), there is a formation of a falling flag, which has been completed and the index has broken out of the trend forming a bear trap. I anticipate that the price might reverse and a bullish momentum might start.
Also, the market client sentiment indicate that most traders are shorting the index(80%) and we are aware that the price moves against the crowd.
My entry position is at 7440, TP targets at 7490, 7540 and 7590. My stop loss is at 7390. My R:R target is 1:3.
Remember, risk only 1-2% of your account and when the first target is hit, move your SL above the entry point!
Elliott Wave View: FTSE Looking to End 5 WavesShort term Elliott Wave View in FTSE suggests the rally from 10.13.2022 low is unfolding as a 5 waves impulse Elliott Wave structure. Up from 10.13.2022 low, wave 1 ended at 7093.05 and pullback in wave 2 ended at 6997.54. Index then resumed higher in wave 3 towards 7413.82 while pullback in wave 4 ended at 7294.15.
Wave 5 is currently in progress with internal subdivision as another 5 waves impulse in lesser degree. Up from wave 4, wave ((i)) ended at 7423.51 and pullback in wave ((ii)) ended at 7343.37. Up from there, Index formed a nest with wave (i) ended at 7498.34 and wave (ii) ended at 7420. Index then resume higher in wave (iii) which is proposed complete at 7599.27. Expect a small pullback in wave (iv) followed by more upside in wave (v) to complete wave ((iii)). Index should then pullback in wave ((iv)) before 1 more push higher to end wave ((v)) of 5. The Index should show a momentum divergence at the end of wave ((v)) of 5. The 5 waves higher should end cycle from 10.13.2022 low after which a larger 3 waves pullback should happen.
ROARING 20's. WHY ANOTHER BULL MARKET is upon us.Market shocks and drawdowns are designed to shake you out.
Charts are pointing to continual asset inflation this decade.
#DOWJONES to $64,000 was a general target I had in mind a few years ago.
NOW we have confirmation this could indeed play out over the coming 5-7 years
#FTSE100 to break 10,000 and indeed we have a target of over 12,000
#DAX to $25,000
again seemingly absurd numbers
but not so absurd in a historical context.
Buying UK100 at previous resistance.UK100 - 10h expiry- We look to Buy at 7201 (stop at 7139)
Previous support located at 7250.
Previous resistance located at 7300.
A lower correction is expected.
Risk/Reward would be poor to call a buy from current levels.
A move through 7300 will confirm the bullish momentum.
Our profit targets will be 7349 and 7399
Resistance: 7300 / 7350 / 7400
Support: 7250 / 7200 / 7150
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.
FTSE in a short lived up move?Right now the FTSE is in a sideways consolidation range since early this year.
On the larger side it's forming somewhat a Descending Triangle with lower highs and same lows.
On the short side, it's formed a W Formation with short lived upside coming.
This is a great range bounded setup and for those who are short term traders, there are buying opportunities with stocks in the interim.
BIAS: Sideways - Short term bullish medium term bearish.
Buying UK100 at market.UK100 - 10h expiry - We look to Buy at 6965 (stop at 6905)
Previous support located at 7000.
Previous resistance located at 7050.
Further upside is expected although we prefer to set longs at our bespoke support levels at 6965, resulting in improved risk/reward.
A move through 7050 will confirm the bullish momentum.
Our profit targets will be 7115 and 7125
Resistance: 7050 / 7100 / 7125
Support: 7000 / 6965 / 6925
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.
FTSE 100 Stock Index trading near top end of the price channelSqueezed
UK retail sales fell hard in September, higher cost of living hitting the pockets of consumers
UK recent economic data highlights
The drop in UK retail sales indicates that consumer spending slowed in September; actual -1.4% vs -0.3% forecast
Highlights little signs UK household spending to pick up soon as higher prices push consumers to become more careful about spending
FTSE 100 Stock Index trading near top end of the downward price channel
UK100 Index: current price remains vulnerable towards the downside, although price has traded slightly stronger since touching the 52-week low at 6,713 last week momentum indicators seem to suggest further price weakness ahead for the index
Scenario
(a) Price fails to consolidate above it’s 10-day very short term moving average around (6,900) which exposes a re-test of last weeks low near 6,713, and if the 52-week low fails to hold a further extension lower towards 6,400 (2.618% lower extension from the August highs - September lows)
(b) Price breaks out of the downward price channel (chart 1) and makes a move toward the upper 7,180 resistance