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UK100 trade ideas

FTSE Buy signalThe FTSE 100 Index (UK100) is consolidating on the 1D MA50 (blue trend-line) for the 5th straight day. This is the first pause to the uptrend that started on the August 18 bottom, right on the 6-month Support Zone. With the 1D RSI still not close to the overbought barrier and the 1D MACD on a Bullish Cross, this is the last bullish signal towards the Lower Highs trend-line. Our target is 7690, just below the Resistance Zone. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CAPITALCOM:UK100Long
by TradingShot
2
Decoding FTSE 100: Key Levels RevealedFTSE 100 Technical Outlook This week's FTSE price action illustrates traders' sensitivity to interest rate expectations on both sides of the Atlantic. On Tuesday, the FTSE experienced a post-bank holiday rebound, driven by weaker U.S. job numbers that were perceived to alleviate pressure on the Fed to raise interest rates further. Notably, Tuesday's rally resulted in the FTSE breaking and closing above the descending trendline formed by the lower swing highs from earlier this month. However, the rally lost momentum when it encountered a short-term resistance zone around 7,500, mainly due to stronger-than-expected European inflation data that raised the likelihood of the ECB maintaining higher interest rates for a longer period. Wednesday's reversal now presents a short-term resistance area that traders can monitor as we approach this afternoon's U.S. non-farm payrolls data. A second failure at Wednesday's high would be bearish, potentially setting the stage for a decline toward the 7,200 support level (see chart below). Conversely, a decisive breakthrough above Wednesday's high might pave the way for an extended rally towards 7,625. FTSE 100 Daily Candle Chart: Support S1 = 7,227 S2 = 7,204 S3 = 6,825 Resistance R1 = 7,509 R2 = 7,625 R3 = 7,724 Risk management: US non-farm payrolls is an event which has the potential to cause outsized market volatility. Support and resistance levels should be used as a guide and are not guaranteed to hold. Disclaimer: This is for information and learning purposes only. The information provided does not constitute investment advice nor take into account the individual financial circumstances or objectives of any investor. Any information that may be provided relating to past performance is not a reliable indicator of future results or performance.
CAPITALCOM:UK100
by Capitalcom
Elliott Wave View: FTSE Rally Expected to Turn LowerFTSE Index shows a bearish sequence from 4.21.2023 high favoring further downside. The decline from 4.21.2023 high is currently unfolding as a double three Elliott Wave structure. Down from 4.21.2023 high, wave (W) ended at 7229.57 and rally in wave (X) ended at 7725.65. The Index has resumed lower in wave (Y). The internal subdivision of wave (Y) is unfolding as another double three in lesser degree. Down from wave (X), wave ((a)) ended at 7437.88 and rally in wave ((b)) ended at 7622.92. The third leg lower wave ((c)) ended at 7215.76 which completed wave W in higher degree. Wave X rally is now in progress as a double three. Up from wave W, wave ((w)) ended at 7386.08 and pullback in wave ((x)) ended at 7326.48. Expect wave ((y)) to extend higher towards 7493.79 – 7598.57 area and this should complete wave X in higher degree. Afterwards, Index should turn lower in wave Y. Potential target lower is 100% – 161.8% Fibonacci extension from 2.16.2023 high towards 6560 – 7086.2. Near term, as far as pivot at 7725.65 high stays intact, expect rally to fail in 3, 7, or 11 swing for further downside.
TVC:UKX
by Elliottwave-Forecast
uk100 daily overview of key s/r levels buy/hold trade🔸Hello traders, today let's update the 2daily chart for UK100. We are currently testing weak s/r level near 7300, however I expect the level to break soon and more downside. 🔸Price was rejected off the highs recently and correction in progress now expecting more losses until we bottom out near 6900, which is a great level to buy/hold for the bulls. expecting a re-test of mirror s/r level at 7650 points, so this makes this a decent setup on buy side (10% upside) 🔸recommended strategy bulls: wait for correction to complete near 6900, do not buy/hold right now, since current s/r level won't hold (weak s/r level) and more losses incoming. get ready to buy/hold low near 6900 points targeting mirror s/r level at 7650. 10% upside, low risk entry on buy side. good luck traders! 🎁Please hit the like button and 🎁Leave a comment to support our team! 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.
CAPITALCOM:UK100Long
by ProjectSyndicate
28
FTSE100 Short Term Rebound #WaveAnalysis #UK100 #FTSE100 index reversed from support level 7200 Likely to rise to resistance level 7400 FTSE100 index recently reversed up from the powerful support level 7200 (former multi-month low from March), coinciding with the lower daily Bollinger Band. The support level 7200 was further strengthened by the nearby support trendline of the wide daily down channel from April. Given the strength of the support level 7200 and the oversold daily Stochastic, FTSE100 index can be expected to rise further toward the next resistance level 7400.
TVC:UKXLong
by Daniel_Thompson