FTSENot looking good for the UK 100 here, looks like double zig zag followed by expanded flat.
Can loose 80% plus in the coming bear market
Ftsemib_analysis
UK100GBP ShortNow that this index has retested the resistance zone, I am anticipating that this price will have a bearish momentum.
My entry point is 7480, SL at 7540 and TP at 7240. My R:R for this trade is 1:4
Remember, risk 1-2 % of your account.
FTSE Elliott Wave Analysis for Monday 24/07/2023In the higher timeframe, we are doing a pullback. Also, the lower timeframe looks bearish. We are waiting for an ABC correction to the upside and initiate a short from there.
FTSE Elliott Wave Analysis Higher Timeframe (22/07/2023)The pullback in the higher timeframe is ongoing. We had 5 waves up as an impulse in the weekly and daily. Investors should wait for the completion of the pullback to buy. Traders should analyze the lower timeframe. There might be a good short opportunity next week.
FTSE Elliott Wave Analysis for Friday 21/07/2023In the higher timeframe, we are doing a pullback. Also, the lower timeframe looks bearish. We are waiting for an ABC correction to the upside and initiate a short from there.
FTSE Elliott Wave Analysis for Thursday 20/07/2023In the higher timeframe, we are doing a pullback. Also, the lower timeframe looks bearish. We are waiting for an ABC correction to the upside and initiate a short from there.
FTSE Elliott Wave Analysis for Wednesday 19/07/2023In the higher timeframe, we are doing a pullback. Also, the lower timeframe looks bearish. We are waiting for an ABC correction to the upside and initiate a short from there.
FTSE Elliott Wave Analysis for Tuesday 18/07/2023In the higher timeframe, we are doing a pullback. Also, the lower timeframe looks bearish. We are waiting for an ABC correction to the upside and initiate a short from there.
FTSE Elliott Wave Analysis for Monday 15/07/2023In the higher timeframe, we are doing a pullback. Also, the lower timeframe looks bearish. We are waiting for an ABC correction to the upside and initiate a short from there.
FTSE Elliott Wave Analysis Higher Timeframe (15/07/2023)The pullback in the higher timeframe is ongoing. We had 5 waves up as an impulse in the weekly and daily. Investors should wait for the completion of the pullback to buy. Traders should analyze the lower timeframe. There might be a good short opportunity next week.
FTSE Elliott Wave Analysis for Friday 14/07/2023In the higher timeframe, we are doing a pullback. Also, the lower timeframe looks bearish. There might be an opportunity for a short trade today.
FTSE Elliott Wave Analysis for Thursday 13/07/2023In the higher timeframe, we are doing a pullback. Also, the lower timeframe looks bearish. We see an opportunity for a short trade today.
FTSE Elliott Wave Analysis for Wednesday 12/07/2023In the higher timeframe, we are doing a pullback. Also, the lower timeframe looks bearish. We see entries for both a long trade and short trade today. We wait for more data to see which trades we can enter.
FTSE Elliott Wave Analysis for Tuesday 11/07/2023In the higher timeframe, we are doing a pullback. Also, the lower timeframe looks bearish. We see entries for both a long trade and short trade today. We wait for more data to see which trades we can enter.
FTSE just broke below two Bearish Patterns -Target 6,981Inverse Rev Cup and Handle has formed on the daily.
And a Symmetrical Triangle too.
Now the Symm Triangle is normally a continuation pattern. But because of the state of the markets world wide, they are bringing down the main indices like FTSE 100.
These are bearish signals along with these indicators.
21>7
Price<200 (Red zone)
RSI<50 (Red zone) and lower highs.
Target 6,981
FTSE Elliott Wave Analysis for Monday 10/07/2023In the higher timeframe, we are doing a pullback. Also, the lower timeframe looks bearish. We see entries for both a long trade and short trade today. We wait for more data to see which trades we can enter.
FTSE Elliott Wave Analysis Higher Timeframe (07/07/2023)The pullback in the higher timeframe is ongoing. We had 5 waves up as an impulse in the weekly and daily. Investors should wait for the completion of the pullback to buy. Traders should analyze the lower timeframe.
FTSE Elliott Wave Analysis for Thursday 06/07/2023In the higher timeframe, we are probably doing a pullback. Also, the lower timeframe looks bearish. For today, we do not see a trade. Traders should wait for the next ABC up and then initiate a short.
FTSE Elliott Wave Analysis for Wednesday 05/07/2023In the higher timeframe, we are probably doing a pullback. Also, the lower timeframe looks bearish. For today, we see an opportunity to go short (with the main direction). Traders should wait for a clear ABC up and then initiate a short.
FTSE Elliott Wave Analysis for Tuesday 04/07/2023In the higher timeframe, we are probably doing a pullback. Also, the lower timeframe looks bearish. For today, we see an opportunity to go short (with the main direction). Traders should wait for a clear ABC up and then initiate a short.
FTSE Elliott Wave Analysis for Monday 03/07/2023In the higher timeframe, we are probably doing a pullback. Also, the lower timeframe looks bearish. For today, we see an opportunity to go short (with the main direction). Traders should wait for a clear ABC up and then initiate a short.
FTSE Elliott Wave Analysis Higher Timeframe (01/07/2023)A pullback in the higher timeframe seems likely. We have 5 waves up as an impulse in the weekly and daily. However, as divergence in the weekly is not really outspoken, a new high is still possible. Investors should wait for the pullback to buy. Traders should analyze the lower timeframe.
FTSE Elliott Wave Analysis for Friday 30/06/2023In the higher timeframe, we are probably doing a pullback. Also, the lower timeframe looks bearish. For today, we see an opportunity to go short (with the main direction). Traders should wait for a clear ABC up and then initiate a short.
