Get started

FTSE

Elliott Wave View: FTSE Rally Likely to Find SellersElliott Wave View of FTSE suggests the Index ended the cycle from August 12 high as wave ((a)) at 5778.40 low. The subdivision of the decline unfolded as 5 waves impulse Elliott Wave Structure. Down from wave X high, wave (i) ended at 6036.13 low. Wave (ii) bounce unfolded as a flat correction and ended at 6173.48 high. Index then resumed lower in wave (iii), which ended at 5824.04 low. Afterwards, the bounce in wave (iv) ended at 5996.24 high. Finally, the push lower in wave (v) ended at 5778.40. This also ended wave ((a)) in higher degree. Currently, Index is doing a bounce in wave ((b)) to correct the cycle from August 12 high. The bounce is unfolding as zigzag correction. Wave (a) ended at 5985.26 high and wave (b) pullback ended at 5868.87 low. Wave (c) is currently is progress and can do another marginal high before ending wave ((b)) in higher degree. The bounce has reached blue box area, which is 100-161.8% extension of wave (a)-(b) at 6075-6203. This area should see sellers appear for more downside or 3 waves pullback at least. While below 6298 high, bounce in 3,7 or 11 swings is expected to fail for more downside. The target to the downside for FTSE is the 100-161.8% extension area from June 8 high against August 12 high at 5483-5638.
TVC:UKX
by Elliottwave-Forecast
ridethepig | Selling the Footsie📌 Exchanging A quick chart update here for today's flow which is essentially intended to cast some light over No-deal Brexit motives. In all cases, losing market access is a bad idea in the short-term and particularly when done frantically. The apparently desirable opportunity to cause maximum damage from Downing Street with NDB is playing an important role in hijacking the flows into UK assets. Recommend avoiding a waste of energy and time attempting to defend portfolios with UK exposure and subsequently focusing elsewhere. Just think back to our coverage of the Pound when buyers were eaten up. This time sellers of UK exposure wish to occupy the downside in Equities to deliver complete annihilation of the economy. With 6,000 holding sellers have time to prevent the recovery and can move lower into Wednesday. The correct path of least resistance is to the downside, a break below 5,775 will leave buyers no choice but to capitulate. Thanks all for keeping the feedback coming 👍 or 👎
OANDA:UK100GBPShort
by ridethepig
1
ridethepig | Positional Play in UK Equities 📌 UK Equities remain vulnerable with Brexit & Covid in play. (Similar representation for those tracking the moves in S&P, NQ, DJIA and etc...) (1) Firstly challenge the view that Rishi's stimulus produces an immediate effect and anything more than a spring mattress; the furlough scheme is incredibly expensive and weighing heavy despite being totally justified. (2) Recognise the idea that we are in a dead-cat-bounce in Equities broadly and that the UK is particularly exposed to these corrections which is key in positional swings! With this said, I struggle to find positives in the UK and in doing so prevents exposure on the bid. In order to bring interest in UK Equities I would need to see the current lows swept and in the event of a no-deal Brexit then we can see as low as 3579.x. (3) Keep to the strategy - avoid getting soft hands and closing out too early (out of fear of missing the rally) and try rather to operate with a sense of calm and tranquility. (4) Aim for total destruction of UK assets in the coming year, sadly the individual mobility of almost every sector will be affected from the political suicide. (5) Get used to observing the complacency and "sell on rallies"; do not let an emotional retail approach be decisive. (6) Remember what is important for Positional swings ... we are not attacking, or even defending, but remaining nimble with the capital outflows, rather like meandering water. Thanks as usual for keeping the feedback coming 👍 or 👎
OANDA:UK100GBPShort
by ridethepig
3
ASTON MARTIN - REVERSAL ZONE? LONG-TERM INVESTMENT OPPORTUNITYAston Martin has been on a steep and vigorous decline since its IPO. Could Aston Martin turn things around from here and start reversing from current prices? Aston Martin has recently announced involvement in F1 with Racing Point rebranded as Aston Martin. This could help in turning things around. Billionaire Lawrence Stroll has clear intentions to do so and has invested into the company with a £260mil injection. Toto Wolff, Mercedes F1 team-principal has also bought a stake in Aston Martin. This indicates a large force and urgency to turn the Aston Martin brand around, stabilise the business and clean the balance sheet. With the share price being significantly devalued and oversold and the falling wedge breakout, it could be an opportunity to invest long and short-term. Short-term in the sense that the stock is highly volatile meaning returns (and losses) are seen much quicker. However, as the business model and balance sheet, as of now, is very unappealing, unstable and risky, the clear down-trend might still be in play and the current equilibrium triangle pattern maybe a consolidation phase before breaking lower in continuation. 4 things can happen here: Equilibrium breakout upwards and a reversal Equilibrium breakout downwards and a continuation Equilibrium breakout downwards and a double bottom Delayed Range-bound consolidation sideways VERDICT: The trades/investments above should be played in accordance with your style and risk-tolerance since, given the volatility of this stock, there is high risk. Since the chart is in a clear down-trend, the balance sheet isn't yet appealing and macro-economic factors such as covid, bull calls are more risky than bear so do your own due diligence and manage risk appropriately.
LSE:AMLLong
by JayanVarsani
FTSE100 - UKX - Range Bound. FTSE100 Weighted by various components, as well as that there was news that few companies from FTSE100 index will be removed and replaced. However, let's focus on technical aspects: We are within a range bound area for a while! Could look at it like bullish flag or a wedge/Triangle pattern (Be careful of fake break out). Which ever way this index breaks - I have kept the key support and resistance areas lined up. Those will be the areas I will be looking into in-depth. I advise you to perhaps add alerts or feeling towards risky side at limit orders, so you won't miss the trade opportunity! Just a trading idea, not a recommendation. Best wishes, Trade Journal
TVC:UKX
by Trade_Journal
FTSE and all Indices - are they about the CRASHHello all DuncanForex here with a trade idea - with no advertising about anything so the post will stay active. With the power move down during February 2020 (The AB Move) and then a slower retrace to the previous area of support which is now resistance. Two things will happen. A) Price will retrace further to 7000 - everyone will think everything is ok, and buy stocks, and then it will plummet to around 3600 B) Or if 5800 is broken this week, then the FTSE is going to hit circa 3200 Both creating ultimately a CD move. My view is that we need better divergence and there will be another leg higher first However, don'f be fooled. This isn't financial advice, however don't buy stocks, wait at least another 6 to 12 months and buy them when the FTSE is circa 3500 Stay safe and safe trading Duncan
TVC:UKXShort
by UnknownUnicorn483829
#UK100 #FTSE100 Top Down Analysis & ForecastTraders, In this multi time frame analysis we see that market has reached a critical level. It also moved exactly as we predicted in our last analysis. So what's next? If you found this idea useful, hit the like button and subscribe. If you have your own ideas to share on this market or have a question, comment below so that we can discuss. Disclaimer: The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of education only. Not a financial advice or signal. Please make your own independent investment decisions. ____________________________________________________
OANDA:UK100GBPLong
by vikinsa
📈FTSE 100 - Here's where we are going next in August 👇This is a chart of the FTSE100 on the daily time frame, each bar is 1 day of price action. In this post I talk about the price action of July, bull and bear cases for the FTSE and important levels to watch out for if you're looking to add to positions. The last time I posted about the FTSE I said it was important that we do not break the 6,000 level, and if we do it becomes more probable that we see the 5,000 level again. A clear break of the 6,000 level would indicate that the March rally was a dead count bounce. On Thursday the FTSE broke the 6,000 level. On Friday it back tested the 6,000 level as resistance, what was once support has now become resistance (wick on the last bar touched the 6,000 level before selling off sharply.) It convincing broke that level showing sellers wanting to get out. What has happened in the UK in July? Let’s start with UK’s biggest bank Lloyds which is a barometer for the financial economy (I exl HSBC as it’s a multinational, but if you take a look at all banks, they are breaking major support levels across the board). From March till July, Lloyds was holding strong above the 30p mark a huge level in place since 2008 GFC, this week it’s earning came out much worse than expected and it broke major support sitting at 26p. Now over to energy – BP. Like Lloyds, BP was keeping its head above water at 300p a historical level of importance for over a decade of price action. This area acted as support all the way back from 2010 and 2015, this week it fell through the floor and now sits at 275p. BT was keeping afloat above the 115p area for months and now is at 98p, lowest price in a decade. Taylor Wimpy major level was 130p in play from 2016 and 2018 where it bounce off nicely, for months it was using this level as support, it now sits at 118p. Across a wide range of sectors, many UK large businesses have broken major support levels that have supported them for many years, suggesting that the overall mood is bearish and that in the next few months we should expect more downside. Why did we see a sharp amount of selling the last few days? Some things to think about. On Friday UK ended its 80% furlough scheme, now it’s only gives 60% with employers putting up the other 20%. The question is how many employers are going to put up the 20% with their profits slashed. I don’t think it’s any surprise that we see the break of support on the Thursday, two days before the scheme was being cut, I assume that investors were waiting to see if this would be extended before making their way to the exit. On Friday Brois slammed on the “breaks” for -opening the UK, with some parts of North England under some type of lockdown, slowing down the recovery. Casinos, bowling alleys etc opening are also delayed for at least two weeks. Borris also stated another nationwide lockdown is not off the cards. No trade deal with the EU does not help local UK businesses, and the strengthening of the GBP is dragging the FTSE down as it makes foreign investment into the FTSE less attractive. In my last FTSE post I stated that I expected to see many more layoffs and that has come true, not a day goes by without a major firm reducing staff. Companies all over the globe are figuring out how to do more with less, and when they figure that out it will result in job cuts. Mortgage holiday and credit card holidays are coming to an end shortly, signalling more pain for banks and reasons to exit. Now let's focus on the bull cases for the FTSE100, if you have your own bull/bear cases please leave a comment below so we can share ideas. The UK gets the virus under control and we see a v-shape recovery, or a vaccine. The bulk of employers pay 20% of the furlough for staff staying at home and unemployment does not increase, and by October we are back to normal (that's when the scheme ends), or the scheme is extended. UK gets a great EU trade deal. The first area of support on the FTSE is minor support at 5,700~, we can see it acting as both support and resistance from March-July, and if you zoom out over 10 years, this level has acted as S/R in the past, I expect buyers to step in here, but will there be more buyers than sellers? If we cannot hold the 5,700 area, then it’s most likely that we go and re-test the 5,000 area where I expect there to be a lot of buyers waiting. If you’re holding FTSE funds/ETF and are thinking about adding, these are important levels to watch out for to average in. Can we see the FTSE100 break above the 6,000 level next week? Yes, it can. If the FTSE goes upward of 6,000, I would like to see a huge green candle as that shows that buyers are stepping in, I would then like to see the FTSE close above 6k for several days, making the break below 6,000 a bear trap. If that does not happen, then we can expect more downside to the FTSE 100. Looking at the RSI buying moment is weak and shows that the bears are firmly in control right now. Have a question? Then leave one below.
TVC:UKX
by BangkokCharts
FTSE100 Could be on move soon...!FTSE100 UK. It could be on move soon! How? Well past that key trend-line down in red, bullish flag formation as well if goes above out of the range it has been stuck in - the bulls are in control target within the next resistance key areas. However, if bears get in control, below the key trend-line out of range down next target near retracement fib levels which match support and resistance areas. Clean trade idea, put alerts or orders in to make it easier. Remember: Just a trade idea, not a recommendation.
OANDA:UK100GBP
by Trade_Journal
UK100 6305.1 + 0.82 % LONG IDEA * STRUCTURE & CONTINUATIONGood Day Everyone Here's a look at the UK100 which has been range bound in an ascending triangle structure but looking from higher time frames the sentiment is still bullish on the index so will be looking for a continuation of this move to the upside the trade will be taken on if we see significant moves with the bulls and begin to trade above level 6329.11 among st other factors lets see how it goes... Good luck and happy trading everyone _________________________________________________________________________________________________________________________ ENTRY & SL - FOLLOW YOUR RULES ON PENDING ODER & SO FORTH RISK-MANAGEMENT PERIOD - SWING TRADE __________________________________________________________________________________________________________________________ If you like the idea kindly leave a like and a follow will definitely follow back and leave your idea & Comment on the pair in the comment section.
ULong
by PULEMokhothu