FTSE Elliott Wave Analysis for Tuesday 19/09/2023As forecasted we saw more upside in the FTSE. We now reached areas from where we can start to reverse. We are looking for exhaustion signs to end wave ((y)) and wave W.
Ftse100
UK100 FTSE Technical Analysis and Trade IdeaIn this video, we undertake an extensive examination of the US100. In recent time frames, the NASDAQ has experienced significant bullish sentiment, leading to a substantial surge toward a crucial resistance level. Throughout the video, we explore the potential for a trade opportunity involving the FTSE. This analysis is based on a thorough evaluation of price action dynamics, market structure, prevailing trends, and a careful assessment of key support and resistance levels. It is essential to stress that the material presented is purely educational in nature and should not be construed as financial advice or guidance.
FTSE Elliott Wave Analysis for Monday 18/09/2023As forecasted we saw more upside in the FTSE. We now reached areas from where we can start to reverse. We are looking for exhaustion signs to end wave ((y)) and wave W.
FTSE Elliott Wave Analysis for Friday 15/09/2023 (+ Higher TF)For traders (lower timeframe):
As forecasted we saw more upside in the FTSE. We now reached areas from where we can start to reverse. We are looking for exhaustion signs to end wave ((y)) and wave W.
For investors (higher timeframe):
In the higher timeframe, investors should wait till the higher degree WXY correction is finished.
FTSE 100: Crossed over the 2023 Resistance. Key bullish move!FTSE 100 just crossed over the LH trendline that was the major Resistance for this year since February 16th. Technically it was the top of the seven month Descending Triangle that delivered rejections to the S1 Zone.
This breakout also crossed over the 1D MA200 turning the 1D timeframe overbought technically (RSI = 73.837, MACD = 28.900, ADX = 29.659). R1 (7,720) is where the Fibonacci 0.618 level is and is the next Resistance. If it closes a 1D candle over it, we will buy the breakout otherwise will wait for the first technical pullback near the 1D MA50 and buy. Either way, our traget is Fibonacci 0.786 (TP = 7,865).
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FTSE Elliott Wave Analysis for Thursday 14/09/2023We made a new high and this supports the scenario of another corrective leg up as forecasted. This means we can see some more upside to finish wave X, before reversing down as a wave Y.
FTSE 100, Consolidating, This Scenario Can Alter The Situation!Hello Traders Investors And Community,
Welcome to this analysis where we are looking at the FTSE 100 Index, what it is currently doing, the overall formation, the possibilities when certain confirmations occur, and how to handle upcoming changes. The FTSE is an index which has developed a longer consolidation period after its recovery approach from the corona breakdowns seen this year, the big question as it is also the same in other major indices is if this recovery can sustain further within a healthy unspeculative market environment or if there is more downside ahead especially when an increase in corona shows bearish downside action similarly to those mechanisms seen this year.
Looking at my chart you can watch there that the index is trading in a longer stretched descending parallel channel which is marked in red where it is consolidating slightly to the downside and already touched the upper and lower boundary several times, such formations tend to break out sooner or later and the longer such formations develop the heavier and more volatile the breakout will be. Technically speaking the consolidation can go on more time when there is no positive news event which is altering the situation immediately to the upside, furthermore, the wave count establishing supports this scenario where the final wave E can form over the next times while the upper boundary confirming bearish again this final wave is not far away and within the high possible range. When this happens and the final wave develops the index has some solid support at the Fibonacci-support seen in my chart which is the 50 % level of the whole wave up, this support is also matching with the lower boundary of the channel where a bounce can be given and expected. When the index bounces in this area it can move on to confirm the bull-flag which will activate targets way above the range but the importance is to show up with the confirmation.
This possible bull-flag breakout can confirm a healthy bullish edge but that does not mean the whole index is completely bullish as there are still strong resistance levels and the index is trading way below its all-time-high-condition, therefore we should not keep the bearish scenario fully by side here, the bull-flag can confirm bullishness on the short and long-term but that does not mean it will definitely go up into the long term as well, in this case the bull-flag can be traded on the long-side but it should be seen crucial when it is approaching resistances in the range above.
In this manner, thank you for watching the analysis, support for more market insight, and all the best!
Information provided is only educational and should not be used to take action in the market.
FTSE Elliott Wave Analysis for Wednesday 13/09/2023As expected we took out the high and the correction up looks complete now. This means wave X can be finished and we should see more downside as a wave Y. However, aligned with the US indices, we expect another corrective leg up.
FTSE Elliott Wave Analysis for Tuesday 12/09/2023As expected we went back into the wave X area to take out the previous high. This means we get an additional correction up as a wave X. This correction up does not look complete yet. We need at least one more high. Wave X up should be followed by further downside as a wave Y.
FTSE Elliott Wave Analysis for Monday 11/09/2023 (+ Higher TF)For traders (lower timeframe):
The primary expectation is now that we will go back into the wave X area to take out the previous high. That would mean we get an additional correction up as a wave X. This move should be followed by further downside as a wave Y.
For investors (higher timeframe):
In the higher timeframe, investors should wait till the higher degree WXY correction is finished. It is still early but we are approaching the first relevant areas.
FTSE Elliott Wave Analysis for Friday 08/09/2023It looks like the primary scenario is playing out and we are reversing from the wave X area. We expect more downside as an ABC structure to finish wave Y.
FTSE Elliott Wave Analysis for Thursday 07/09/2023It looks like the primary scenario is playing out and we are reversing from the wave X area. We expect more downside as an ABC structure to finish wave Y.
FTSE Elliott Wave Analysis for Wednesday 06/09/2023It looks like the primary scenario is playing out and we are reversing from the wave X area. We expect more downside as an ABC structure to finish wave Y.
FTSE Buy signalThe FTSE 100 Index (UK100) is consolidating on the 1D MA50 (blue trend-line) for the 5th straight day. This is the first pause to the uptrend that started on the August 18 bottom, right on the 6-month Support Zone.
With the 1D RSI still not close to the overbought barrier and the 1D MACD on a Bullish Cross, this is the last bullish signal towards the Lower Highs trend-line. Our target is 7690, just below the Resistance Zone.
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FTSE Elliott Wave Analysis for Tuesday 05/09/2023The primary scenario is playing out and we reached the wave X area. There are several indications that a reversal to the downside is near.
FTSE Elliott Wave Analysis for Monday 04/09/2023The primary scenario is playing out and we reached the wave X area. There are several indications that a reversal to the downside is near.
FTSE Elliott Wave Analysis Higher Timeframe (02/09/2023)In the higher timeframe, investors should wait for the next pullback to buy again. We are approaching the first relevant areas.
FTSE Elliott Wave Analysis for Friday 01/09/2023The primary scenario is playing out and we reached the wave X area. There are several indications that a downward reversal is near.
FTSE100 - Short SetupFTSE100 D1
Moved up a timeframe here for the FTSE100 analysis, we are starting to see some rejections for the second day here. A little different to the play we can see on the DAX, the DAX looking very bullish thus far. That being said, could simply be a second entry/retest offering.
Indices trade and analyse a little different to FX. We base our entries and zones from less confluence and more impulse due to the volatility they bring.
FTSE Elliott Wave Analysis for Thursday 31/08/2023The primary scenario is playing out and we reached the wave X area. There are several indications that a downward reversal is near.
FTSE Elliott Wave Analysis for Wednesday 30/08/2023The primary scenario is playing out and we reached the wave X area. There are several indications that a downward reversal is near.
FTSE Elliott Wave Analysis for Monday 28/08/2023The primary scenario (in green) assumes more upside in a corrective pattern to finish wave X. The secondary scenario (in red) assumes that we will get an ABC correction and therefore we need another leg down (wave ((v))) to finish wave A.
FTSE Elliott Wave Analysis Higher Timeframe (26/08/2023)In the higher timeframe, investors should wait for the next pullback to buy again. We are approaching the first relevant areas.
