uk100 long going long after the the end of the pullback came to an end the v formation was tested and held
UK100 trade ideas
FTSE 100 Trade Plan: Scenarios to ConsiderEarlier this month, we discussed subtle cues indicating the FTSE 100's readiness to break out. Fast forward three weeks, and the index has decisively broken free from its long-term range, surging over 150 points post the US Federal Reserve's reaffirmation of its rate-cut plans.
FTSE 100 Daily Candle Chart
Past performance is not a reliable indicator of future results
Where Next for the FTSE?
To gain perspective post-breakout, let's zoom out to the weekly candle chart. Here, we can see that the FTSE just broken through the May 2018 highs – an area that was briefly surpassed in February last year which printed a new all-time high for the index.
FTSE 100 Weekly Candle Chart
Past performance is not a reliable indicator of future results
FTSE 100 Trade Plan: Scenarios to Consider
Scenario 1: Swift Retest of All-Time Highs
If last week's bullish momentum continues, the market may head directly towards the February 2023 all-time highs. This could present short-term buying opportunities but could also lead to overbought conditions, offering potential for swing traders to sell on a retest.
Scenario 2: Sideways Consolidation
Alternatively, if the FTSE consolidates near highs for several sessions, chances of sustaining a breakout increase. Here, swing traders could position within the consolidation pattern.
Scenario 3: Deep Pullback
Should the FTSE quickly retract last week's gains, a break below Friday's lows might prompt a swift retest of the broken trading range's top, likely offering support moving forward.
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. Social media channels are not relevant for UK residents.
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 84.01% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work and whether you can afford to take the high risk of losing your money.
Possible short opportunities High time frames are in range since mid 2023. It is forming a flag in W and a wedge in D. It has also completed a wedge in 1H and I think it is just about to break it downwards. If it does, waiting for it to break the support as well, then, there would be a good short opportunity with a nice ratio. Just an idea, best of luck
UK100/FTSE: Two Corrections Complete, Time for Upward Wave!After enduring two corrections, the UK100/FTSE index appears poised for a significant upward wave, potentially leading to a new all-time high.
Market analysts anticipate a resurgence in bullish momentum as previous downward corrections conclude. With these setbacks behind it, the index is primed for renewed optimism and potential record-breaking performance. Investors are closely monitoring for signs of this anticipated upward surge, ready to capitalize on emerging opportunities in the UK stock market.
FTSE 100: In Focus on Inflation DataToday, the Bank of England will release key inflation data, and the British government will unveil industrial production figures, both crucial for the London index. While unfavorable inflation figures are anticipated, the British economy is showing financial resilience, propelling the index to 7,746.82 points following positive results from several companies since Wednesday, representing a 0.1% increase.
In the corporate landscape, the construction company Persimmon (PSN) stands out with solid financial fundamentals, a large land bank, and high-quality finished products. This may facilitate the company's benefit as the home-buying cycle recovers in the coming years, despite last year's results remaining stable.
In contrast, the insurance company Prudential (PRU) plummeted despite meeting 2023 objectives and believing it can achieve this year's goals. Its stock price halved, reaching 2012 levels, partly due to its high exposure to the Chinese real estate market. Luxury brand Burberry was also affected by the Chinese slowdown, as reflected in its stock following Gucci's announcement of a 20% decline in the Asian market in the first quarter of the year.
From a technical perspective, the index faces a crucial test at the 7,787.79 point level. It has been testing the current zone since yesterday, and it remains to be seen if it can continue to climb towards February 2023 prices. Will it surpass this level and close the annual gap at 8,044.32 points? Currently, if the long-term direction is bullish, we could see an attempt to reach the previous price zone of 7970.57, although an accumulation zone is yet to be developed.
Analyzing the RSI indicator suggests a slight overbought condition at 67.53%. The visible range volume profile shows a prominent double bell curve with a well-defined point of control at 7,685.50 points. These data could indicate a potential correction to the middle of the range that has been developing since November 2023, with its midpoint at 7,606 points.
Company Results Table
Bullish Companies:
• Ashtead Group (AHT) 5.532,00p 4,14%
• St James's Place (STJ) 434,10p 3,78%
• Halma (HLMA) 2.288,00p 3,62%
• Melrose Industries (MRO) 642,40p 3,48%
• Persimmon (PSN) 1.298,00p 2. 77%
• Airtel Africa (AAF) 93,05p 2,59%
• NATWEST GROUP (NWG) 246,00p 2,50%
• Croda International (CRDA) 4.835,00p 2,35%
• JD Sports Fashion (JD.) 112,80p 2,04%
• Kingfisher (KGF) 228,50p 1,92
Bearish Companies:
• Prudential (PRU) 731,00p -6,35%
• Burberry Group (BRBY) 1.181,00p -3,98%
• Smith & Nephew (SN.) 1.041,00p -1,61%
• Weir Group (WEIR) 1.970,50p -1,30%
• GSK (GSK) 1.645,40p -1,14% BP (BP. ) 492,90p -1,08%
• Marks & Spencer Group (MKS) 240,70p -1,03%
• British American Tobacco (BATS) 2.389,50p -0,93%
• Convatec Group (CTEC) 283,20p -0,91%
• Unilever (ULVR) 3.893,50p -0,90
Ion Jauregui - AT Analyst
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FTSE100 - Breakout Alert 7,743Yesterday's close on the FTSE 100 was a really good indication that the 7,743 level will likely hold.
The index first breached above this level eight days ago and then quickly retraced below it. After trading below this level for a few days, we're back up above this level.
This signals buying pressure paused and has since resumed. Assuming this level holds on any further retracements, this will signal further trend potential.
FTSE making a sustainable rally after bullish break-out.This is an update to our analysis 3 months ago (December 18 2023, see chart below) where we called for a Resistance bullish break-out and buy on the next 1D MA50 (blue trend-line) contact:
Even though the pull-back dipped some more, the index still followed our projection on a rough scale. The long-term pattern remains a Channel Up but due to some relative readjustments because of that longer dip, we have to revise our target a little lower to 8150. That represents a +10.40% rise from the dip's lower point but still a 1.382 Fibonacci test (8350) is possible but in our updated view it will take longer to achieve.
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Potential Spring (tight ABCD) in FTSETIght ABCD which I call a Spring happens from a previous support level.
Also, the level of the reaction we observe is a small gap which is an area of interest where price tends to go.
Weekly is above 20 EMA, Daily as well. Stochastics is in the overbought zone as well.
Now a positive entry bar is needed to confirm the entry.
UK100 - Short SignalUK100 D1
Pushing the absolute peak of our resistance price here, trading at 7755 ish.
A great reward and possible short opportunity. Don’t fix it unless it’s broken, an impulse swing entry here with stops as tight as 25 points.
We have been following UK100 for some time now and this range has held for a while. Lets see what unfolds.
Unlocking Opportunities: UK100 Supply and Demand AnalysisHello Traders,
Critical Zone Breakout from Supply Zone Indicates Potential Upside Momentum, While Failure to Respect Signals Downside Pressure Ahead.
We have 2 Demand Zones, and A Supply Zone. If The Price Breaks The Supply Zone, Take Entry While Retesting OR Pullback of The Move Otherwise If It Respects The Supply Area Then Look For The Short Entries!
Please Note That The Only Purpose of The Information On This Page is Purely Educational.
I Would Welcome Your Participation And Support in the Form of Likes, Comments, And Follow us to Offer Some Encouragement.
Thank You.
Is the FTSE Finally Ready to Breakout?The FTSE 100 has been trading within a well-defined range for more than 8 months. This range has created some fantastic trading opportunities at the extremes of the range, buying reversal patterns at support and selling reversal patterns at resistance.
However, just as ‘the trend is your friend until the bend in the end’, the range is your friend until it breaks with a bang! And we are seeing signs in the FTSE’s recent price action which may indicate that this index is getting ready to breakout…
1. The New Year sell-off didn’t make back to the bottom of the range. Instead, the market formed a higher swing low.
2. We have seen a series of higher swing lows form in recent weeks.
3. Price action during the last two weeks has seen the market consolidate just beneath resistance.
FTSE 100: UK 100 Daily Candle Chart
Past performance is not a reliable indicator of future results
Sector Snapshot
At the sector level, the UK market has developed a distinctly bullish glow during the last seven sessions. Whilst the index itself has been treading water and consolidating, we have seen broad-based buying with the majority of the FTSE’s major sectors making gains of more than +1%.
The sector strength along with subtle technical signs may not be enough to mark the FTSE out as a screaming buy, but they are enough for FTSE bears to pause for thought before simply selling at resistance.
UK Sector Performance (7-Days)
Past performance is not a reliable indicator of future results
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. Social media channels are not relevant for UK residents.
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 84.01% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work and whether you can afford to take the high risk of losing your money.
FTSE - KOGWe have two points of interest on this, we're looking at the higher target to complete, once completed, ideally we want to see a reaction in price. That lower target is active, right now too early to consider, but if we get signs of a reversal, lets start looking at targeting it.
As always, trade safe.
KOG
Will this UK100 dip attract bulls?UK100GBP - 24h expiry
Short term bias is mildly bullish.
Although the bears are in control, the stalling negative momentum indicates a turnaround is possible.
A lower correction is expected.
We therefore, prefer to fade into the dip with a tight stop in anticipation of a move back higher.
Further upside is expected although we prefer to buy into dips close to the 7640 level.
We look to Buy at 7635 (stop at 7605)
Our profit targets will be 7710 and 7735
Resistance: 7750 / 7880 / 7950
Support: 7640 / 7560 / 7500
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