Ftse100
FTSE UK Stock Index (Aug 2018)This will be my views of FTSE UK Stock Index (Aug 2018)
Please make sure to read the "update" comment as there will be changes along the way.
Cheers.
S0nic
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JD Hitting The All-Time HighLast post: June 30th. See chart .
Review: Price was heading up towards the previous all-time high.
Update: Price has now started to challenge the all-time high resistance level.
Conclusion: We need price to clearly break through the resistance level and stay above it, then we can start to look for long opportunities.
Any comments or questions, do not hesitate to leave them below. Give us the thumbs up if you share our sentiments!
Sublime Trading
FTSE 100 July 10thThe FTSE Still flirts with a breakout and this area may prove to be a decent selling opportunity. We are at or near the higher end of the range. The big thing here is WHY? We have seen the markets weaken off the back off specific incidence recently and it appears, so far at least, that those incidence do not exit today. I will be looking to see if initial weakness is bout up around the 7660 level. If we hold here we could end up with a morning of low volatility. The 7660 needs to be watched though, as a close beneath this level could make all the difference for a downside move.
FTSE 100 - Bullish 5-0The FTSE 100 is shaping up nicely on the 4h chart, I'm expecting this bullish 5-0 formation to complete within the next few weeks at the 50% retracement level.
The measurements for a valid 5-0 pattern are detailed below.
B: 1.13 - 1.618
C: 1.618 - 2.24
D: 0.50
We will be trading with a stop loss below the 0.618 retracement level at 7240. If we execute the trade, target is 7896.
You guys know what to do... Like, comment and share! More analysis on the way.
FTSE 100, falling wedgeFTSE100 continues to rage within the falling channel, looking more like a wedge with lower touches now. Today testing the resistance again after bouncing of 38.2% retracement, 200 SMA and resistance level in the way. FTSE looks bullish on dollar weakness. Though Brexit worries with David Davis resigning could spell for a weak pound later. Break above the resistance would signal a long or you can enter earlier if your risk permits. For Elliott wave a break above the previous X wave will negate the 'triple three' wave pattern.
Happy Trading!
Plus 500 Up 82 PointsLast post: June 8th. See chart .
Review: Price had just broken the previous resistance level.
Update: Price has now clearly broken that area and is making new highs.
Conclusion: We need to wait for price to close above the previous high before looking to go long.
Any comments or questions, do not hesitate to leave them below. Give us the thumbs up if you share our sentiments!
Sublime Trading
JD Sports Up Another 12 pointsLast post: June 21st. See chart .
Review: Price was approaching the resistance level.
Update: Price is still on its way to target the resistance level.
Conclusion: We continue to wait and see if price can break through resistance and leave the consolidation zone.
Any comments or questions, do not hesitate to leave them below. Give us the thumbs up if you share our sentiments!
Sublime Trading
FTSE 100, confirmed trend line.Today FTSE made a third touch and confirmed a trend line right on the 50% retracement of the move. Previously respected 38.2% fib level as well. RSI in oversold area, but going lower with the pullback. 50 SMA about to cross above the 200 SMA. Important to notice that on the 4 hour chart, the 200 SMA is right on the trend line, adding additional resistance. A break above now could be a good technical setup, first target at the 61.8% fib level. Of course watch for fundamental data, particularly 'trade war' news.
Happy Trading!