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 trade ideas
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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Possible short Possible short taking current climate with delay and rising wedge... losing pressure, although another choke move my accrue before the final spill
$UKX UK 100 Index. Chart porn. Double topHas the UK 100 Index reached a double top ? Beautiful chart that could spell some downside. Nothing cast in stone, but it will be interesting to see this one play out.
UKX Lower HighWe have a lower high on the UKX chart compared to Feb. 2022.
Also notice the MACD histogram going red and bearish cross:
This index is getting ready for a major drop.
Watchout.
Namaste.
FTSE UK100 could go downWe have not very good situation with inflation
Still there is a war
All major indexies had bigger corrections but uk100 has not
and of course we are going up and hitting to ATH resistance soon
so in my opinion the price could drop a little bit 2-4% to the downside.
we will see, it's not a recomendation but I'm curious what do You think. It here any other 'someone' who is shortin this index? hm.. ?
UK100 (FTSE100)A gradual climb for UK100 to 8k, wouldn't be a surprising move due to the higher highs and higher lows - 7600 is the price to stay above!
On the other hand, it just takes one bit of bad news and we would see a fall in price - below 7500 there's 7400.
There's no chart patterns here, just pure price action and for now price is bullish.
Nothing Here Is Financial Advice But Be Inspired🌟🚀🌟
UK100 (FTSE100) Short Hellooooooo PIPIN TRADERS. This is one of the trades I will be looking at for the next few days before I post another update/analysis on this index, RISK TO REWARD 1:4
uk100This is the scenario of panic and chaos I will be moving my SL with the change of price downward. inflation and higher interest rates will result in vanishing billions of dollars from the United Kingdom. Even the split of UK can result in the collapse of a nation that was known as a ruler of the world. with ongoing geopolitical inside and outside Uk Its better to bet on commodities than on stocks.Not a Financial advice.
Weekly Trade Recap: UK100, NZDJPY, USDCAD 04-17-22Hello everyone:
Welcome back to this week’s trading recap video.
Let's take a look at the trades closed this week between Apr 3rd- April 8th.
UK100: running position
Full analysis/forecast:
USDCAD: Out for BE
Full analysis/forecast:
NZDJPY: Out for -1% loss
Full analysis/forecast:
Any questions, comments and feedback welcome to let me know.
If you like more of these contents, like, subscribe/follow and comment for me to keep doing them. :)
Short it.The price retested the level. The level is strong and the price will fall. Always put stop loss.
UK100 to downside target 7480 Looking for the short setup on the H1 or M15 - seeking bearish PA confirmation aiming to the downside target of 7480. Management target around 7540.
FTSE100 - UKX - WHERE TO NEXT?FTSE100 - Where to next?
Technical pattern break out to either direction!
It's been my favourite trade since 2019. However, it does look a little overextended but let's see which way it breaks out towards and that's trade I will be taking short term
Don't forget - Follow your trade plan!
Trade Journal
