- The market still trades above a bullish trend line since mid-February 2024, strongly helped by a decreasing Pound Sterling. The mid-term trend is bullish for UK equities.
- Since the 3rd impact on its bullish trendline at the end of last week, the market has rallied to an hall-time high above 8,000pts.
Since the impact on the 8,200pts mark, we can notice a...
UK100 Analysis: Stock Market Optimistic Ahead of Bank of England News
On Monday, the UK observed a bank holiday for May Day, and on Tuesday, the stock market demonstrated accumulated optimism.
The FTSE index (UK100) today surpassed the 8300 mark. Additionally:
→ The opening occurred with a bullish gap;
→ On the daily chart of UK100, today the RSI indicator is...
Herewith some more example on a different trading instrument....
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The European trading day has started in a session of mixed sentiment on Friday. Investors are still digesting Apple's US corporate results and awaiting reports on unemployment ratios in Europe, with Spain and Italy being the highlights. In the afternoon, U.S. unemployment rates, non-farm payrolls and manufacturing production data (PMI) are expected to be released....
FTSE100 (UK100) hit today our 8150 Target, which we set a month ago (March 20, see chart below):
Since last week the 1W candle closed (much) higher than the February 2023 Resistance, we see the pattern continuing its strong resemblance with the October 2022 - February 2023 Bullish Leg. The long-term pattern continues to be a Channel Up and its previous...
Quick post from us on FTSE. We're looking at these higher levels for a RIP potential, if we can get it we're looking to take this down into our active targets.
We'll update as we go along.
As always, trade safe.
KOG
UK100 is forming an ABCD Pattern is this a sign of Bearish Reversal or it will continue the Rally. Considering Bearish Divergence we might take a possible short entry with Sell stop setup. Not a Financial advice just DYOR.
X2 sell postions on UK100 both targets and SL visible. BOS has occurred in a breakdown of the trend line and smaller TF double top allowed for a safer based entry
UK100 was bullish mood so far. But a possible head and shoulder pattern forming at the top might change its mood and reverse the trend. We have a buying opportunity at break of neck line. Lets see how price unfolds!
Chart is showing bearish divergence.
Head & shoulder pattern is visible at recent HH which is also a bearish pattern.
So we can take entry at the break of neckline as that point will confirm trend reversal.
the detail is shown in the above Idea.
I made this Idea based on Candlestick Analysis and Harmonic pattern using Fibonacci tools.
In the context of financial markets, the phrase " pull back to last golden level and flying UK100 butterfly to next golden level at 8320 " suggests a potential upward movement in the UK100 index, possibly after a period of...
As I see it, as long as we stay above 7600-7700 a pump to 8k is a lot more likely as there's evidently buyers in the market keeping the FTSE floating, where as a break below will send this south (7400 or lower).
A BOLD prediction --- possibly to some people
But I stand by this chart as a roadmap where I see #UK equities outperforming
against the cash cow that has been UK #Housing
The how's and what's and why's are unimportant
But the key thing is for younger people struggling to get into UK housing
Investing in #Stocks #Technology Innovation #AI and #crypto
will...
Hello Traders
I'm looking at the ftse since the start of the week but wasn't able to catch a good setup, now it seem like one.
If the risk environment stays positive we can see more upside but this is a decent short term trade as well TP1 at asian session high
