UK100 15 - ABCD Emerging : an hour agoABCD Fibonacci pattern identified at 6/19 03:00. This pattern is still in the process of forming. Possible bearish price movement towards target levels ranging from 8,204.01 to 8,155.19 within the next 3 hours. Expiry Date/Time: 6/19 06:40Shortby ronlobo0
UK100Me looking into this index, this looks like a potential triangular pattern... with a potential zone that can give us wave E as an entry. Shortby Mntungwa870
UK100 ShortI'm considering a short position on the UK100. I anticipate a retest of the current resistance, which aligns with the trendline. - 1:1.5 RR - SL above the previous weekly high - TP current support levelShortby TradebyRossUpdated 4
Potential bullish bounce?UK100 is falling towards the pivot which has been identified as an overlap support and could bounce to the 1st resistance. Pivot: 8,094.06 1st Support: 8,003.06 1st Resistance: 8,245.38 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party. Longby ICmarkets7
UK100UK100 is in strong bearish trend. As the market is consistently printing new LLs and LHs. currently the market is retracing a bit after last LL, which is 50% Fib retracement level and local support as well. if the market successfully sustain this selling confluence the next leg lower could go for new LL. What you guys think of this idea?by JustTradeSignals4
UK-100 beraish trend continuation-Short sell callUK-100 is in perfect bearish channel making LH's & LL's, currently going to test its immidiate resistance at 8250 which is 50% fibnachi retracement too.We can go for short at said level with Stop loss at previous LH which is 8270.Shortby umer_qadeerUpdated 0
UK100 ShortI'm looking for a possible short entry on UK100 upon a retest of the current resistance, which aligns with the 4h moving average and the 0.68 Fib level. I'll place my SL a few pips above the previous daily high, aiming for a 1:2 RR.Shortby TradebyRossUpdated 5
FTSE on a 1-month correction. Is it over?Great display of compliance to technical dynamics by FTSE 100 (UK100) on our previous analysis (April 29, see chart below) as after hitting our 8350 Target it got rejected exactly at the top (Higher Highs trend-line) of the long-term +2 year Channel Up: The corrective pattern broke yesterday below the 1D MA50 (blue trend-line) for the first time since April 19, which technically opens the way for a test of the next Support level, the Higher Lows Zone. As you can see, this Zone has been providing Support (and the most optimal buy entry) since the January 17 Low. As a result, as long as the 1D MA100 (green trend-line) is holding, we will buy the next Higher Lows contact and target 8350 (Lower Highs projection similar to February 07 2024 and October 17 2023). ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇Longby TradingShot9
FTSE 100 Index Declines After Labour Market NewsFTSE 100 Index Declines After Labour Market News The British stock index FTSE 100 (UK 100 on FXOpen) dropped nearly 1% yesterday due to the release of economic data indicating a rise in unemployment. According to ForexFactory: → The Claimant Count Change (number of unemployment benefit claims) was 50,000 (expected = 10.2k, previous month = 8.4k). This is the highest number since March 2021. → The unemployment rate slightly increased to 4.4% compared to the previous value of 4.3%. However, today the FTSE 100 (UK 100 on FXOpen) chart is showing signs of recovery. Fundamentally: → GDP news did not bring any unpleasant surprises; → Weakening in the labour market might prompt the Bank of England to lower the interest rate to stimulate the economy, which should support the stock index. From a Technical Analysis Perspective of the FTSE 100 (UK 100 on FXOpen): → At the low of the decline, the price found support at the median line of the upward channel that has been in place since last autumn (shown in blue); → The median line is reinforced by the 50% Fibonacci retracement level from the bullish impulse A→B; → The price failed to consolidate below the late May low around the 8150 level, indicating a local capitulation of bears. Bulls, on the other hand, might use these technical support factors to attempt to resume the upward trend within the blue channel. To do this, they will need to break the resistance of the trend line (shown in red). Trade global index CFDs with zero commission and tight spreads. Open your FXOpen account now or learn more about trading index CFDs with FXOpen. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.by FXOpen117
UK100UK100 right now in bearish trend as price printing higher lows and lower lows, trade plan mentioned on the chart.Shortby AsifAwan112
bullish idea bullish momentum on multiple timeframes with good risk to reward ratio, daily,h4 and h1 all to the upside, will be looking to add more if position starts moving as anticipated and milk the cow on this one Longby Khalidd93113
UK100 - Bearish TrendUK100 is making LL and LH.it may continue its bearish trend.Shortby joyfull20220
FTSE 100 - index prepares for bumper run to 10kThis is a macro outlook into late 2024. On the above 3-month chart price action has been trading under resistance since 1999. A significant development has now occurred. That resistance after 22 years has confirmed as support. Isn’t there a recession coming? Since the UK imposed economic sanctions on itself in 2016 (A world first believe?) there is a growing realisation that extended dependancy on external resources will mean accepting higher and higher costs for everyday goods and services. Much like the US, the UK is about to enter a period of internal investment as it seeks to rediscover why protectionism does not work. You would think with so many history graduates in parliament.. The Macro outlook for the FTSE 100 is fascinating. Many many stocks are oversold in the FTSE 100. Not all. But a great many are with little to no ideas published on them. Identifying this trend a couple of years ago, the ideas on Rolls Royce and Centrica were published (attached below), now up 100 and 200%, respectively. However you will notice such performance does not apply equally across the index. My belief or rather hours of study informs us selecting the correct stocks will outperform over the next 2 to 3 years. Already have begun to identify them. The TA.. On the chart we have: 1) Macro higher lows forming an ascending triangle. 2) Price action printed the first macro higher high in October 2017. 3) Inverse head & shoulders pattern with confirmation and 10k target. 4) The 3-month hammer candle. 10 days until it closes. IF it closes as is, it will be the shot that starts the race. Is it possible the index corrects and crashes as everyone suggests? Sure. Is it probable? No. Ww Type: Investment Risk: 30-40% exposure, you don’t want to sit this one out. Timeframe: Long between now and end of year. Return: 30%Longby without_worriesUpdated 6
UK100 - Head & Shoulder - Bullish PatternCAPITALCOM:UK100 has been in a strong bullish trend. Following retracement, price has formed an inverted head & shoulder pattern indicating potential bullish momentum! Longby Tempo_Trades0
UK 100 can come back from ResistanceUK 100 Short. More chance to retrace back from the resistance level of 8,343. Shortby numanmughal03244
FTSE ShortPattern on M15, All timeframes are overbought With the H4 trend stop-loss above 8300 1st target 8150 Shortby JD_TeenTrader3
FTSE Retreats to Key Fibonacci LevelsAfter powering to all-time highs at the start of the month, the FTSE 100’s uptrend has started to falter with the index pulling back more than 300 points during the last two weeks. Let's explore the reasons behind this pullback and identify key levels where the index might find support. Why is the FTSE Falling? Rising Bond Yields: Concerns about prolonged high global interest rates have driven bond yields higher, making bonds more attractive compared to stocks and putting downward pressure on the equity market. Strong Sterling: The British pound has surged to a 21-month high against the euro due to persistent inflation in the UK. Investors are speculating that the Bank of England will delay rate cuts longer than the European Central Bank. A stronger pound negatively impacts FTSE’s multinational companies. Natural Market Cycles: It's crucial to recognise that uptrends often experience periods of correction. These pullbacks are not necessarily the end of a trend but can present opportunities to enter the market at favourable risk/reward levels. Key Levels to Watch The FTSE’s pullback has brought it to some significant support levels that could potentially halt the decline if the long-term uptrend resumes: 50% Fibonacci Retracement (April Swing Low to May Swing High): The recent trend from April to May offers a smooth basis for Fibonacci retracements. The FTSE has now reached the 50% retracement level of this move, making it a critical point to monitor. 50-Day Simple Moving Average (50MA): This moving average coincides with the 50% Fibonacci retracement level mentioned above, adding further weight to its importance as potential support. February 2023 Highs: Before the breakout in April, the highs from February 2023 served as significant resistance. In an established uptrend, former resistance levels often become support as traders look to buy back in. 38.2% Fibonacci Retracement (October 2023 Lows to May 2024 Highs): Fibonacci retracements can be taken from longer term trend legs and this is a prime example. A 38.2% retracement of the impressive run higher from October 2023 to May 2024 comes in just below the levels mentioned above and should be closely watched. FTSE 100 Daily Candle Chart Past performance is not a reliable indicator of future results Disclaimer: This is for information and learning purposes only. The information provided does not constitute investment advice nor take into account the individual financial circumstances or objectives of any investor. Any information that may be provided relating to past performance is not a reliable indicator of future results or performance. Social media channels are not relevant for UK residents. Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 80.84% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work and whether you can afford to take the high risk of losing your money. by Capitalcom2
FTSE 100 to continue bullish Expecting FTSE 100 to be bullish as on daily the trend is still upwards. Expecting a little retracement to a fib level at a discounted price and take entry from there with stops below the HL. Longby hassanejaz1Updated 0
Short UK1001. Bearish divergence on 4H 2. LL and LH formation 3. Fib 0.5 4. Bearish trendline 5. Entry on retracementShortby Mibbro2
FTSE-100 : ROUNDING TOP- The market has been registering higher highs and low since mid-April ; the mid-term trend was then bullish. - As stated in our previous analysis, the market has successfully accelerated to a new historical high around 8,483pts. Since then, with continuing disappointing economic developments regarding inflation, PMI and retail sales data, investors have been pushed to take some profits out. This led to this technical situation where the market seems to have come to a state of exhaustion, highlighted by a rounding top pattern. Both moving average are in bearish configuration following a downside cross. The MACD indicator evolves inside its selling zone too. - The short-term outlook is bearish for the market. The rounding top pattern is seen as a bearish reversal configuration, especially when it occurs far in a bullish trend, at an all-time high level. The market has just broken-out the 23.6% fibonacci level at 8,310pts and its next targets can be found around 8,200pts, 8,117pts and 8,030pts by extension. Pierre Veyret, Technical Analyst at activTrades The information provided does not constitute investment research. The material has no been prepared in accordance with the legal requirements designed to promote the independence of investment research and such is to be considered to be a marketing communication. All information has been prepared by ActivTrades ("AT"). The information does not contain a record of AT's prices, or an offer of or solicitation for a transaction in any financial instrument. No representation or warranty is given as to the accuracy or completeness of this information. Any material provided does not have regard to the specific investment objective and financial situation of any person who may receive it. Past performance is not reliable indicator of future performance. AT provides an execution-only service. Consequently, any person acing on the information provided does so at their own risk. Shortby ActivTrades3
Ichimoku Watch: FTSE 100 Approaching Ichimoku Cloud Following UK inflation data earlier today, the FTSE 100 market index has continued to decline from its all-time high of 8,474 last week. Technical Market With the FTSE 100’s trend still firmly to the upside, the H4 timeframe is offering interesting price action at the moment. Firstly, you will notice that as the index tested all-time highs, price action formed the head of a head and shoulders top pattern and recently drove through the pattern’s neckline (taken from the low of 8,406) to complete the formation. This has likely led to traders plotting the pattern’s profit objective at 8,330. This, on its own, suggests that the index could pull lower to test the pattern’s profit objective. Secondly, price action has formed a possible bullish flag pattern (8,474-8,406). Price is now testing the pattern’s support line, and if this breaks, it will invalidate the flag pattern but strengthen the possibility that the index may reach the head and shoulders top pattern profit objective at 8,330. An alternative scenario to consider may also be that price continues to decline steadily within the bullish flag pattern’s boundaries until testing 8,330. That way, traders will likely look for price to breakout above the flag pattern’s boundary to help confirm bullish interest. Finally, the Ichimoku Cloud (the difference between the Leading Span A and the Leading Span B) offers wide support, currently between 8,292 and 8,412, and holds the head and shoulders top pattern profit objective at 8,330. From the Ichimoku Indicator, you will also see that price is above the Lagging Span, which is a bearish signal, and the conversion line has recently crossed below the baseline, movement that is also considered bearish. Price Direction? The uptrend, the Ichimoku Cloud support area and the head-and-shoulders top pattern profit objective at 8,330 may be enough to drive buying within the Ichimoku Cloud support area if tested this week. Longby FPMarkets2
UK100 SellPossible head and shoulder reversal pattern Can take entry on Breakout of lower low and place stop loss above shoulder manage your risk for educational purpose onlyShortby fahadidrees920
UK100 sell forming. I dunno man. just have a feeling UK100 is gonna hit the floor after the FED powell news comes out at 3pm man (UK time) 🧠 although I make trade predictions I never forgot price can go anywhere it goes. stay open minded stay prepared. Shortby TakeTheRisknProsper0