Ukx intraday setupUkx intraday bearish setup
Bearish sentiment already in higher timeframe so bearish setup is in more favour
FTSE 100 Index
Comparison of leading markets to anticipate the future movementAn attempt to anticipate the future movement of different markets over next 5 to 10 years. If we see the movement of 6 markets, we can have some insights.
Among the 6, Germany (DAX- purple) and India (NIFTY50 - red) look like being in the middle zone of the direction of movement since 1991.
Hong Kong (HSI - green ) came down gradually from around early 2018 to 2022, now looks at a fair level (may fall further to form a bottom).
USA(DJI - blue ) has recently started falling after forming a sharp peak, I am expecting a fall probably to 27500 levels or may go to 22000.
India (Nifty50 - red ) looks bullish for long term but may see a pullback to 15000 levels or even to 12000 levels in coming years.
UK (UKX - yellow) looks sideways and lacks long term strength as evident in the economy in recent times for United Kingdom.
France (CAC40-brown) looks sideways from a long term perspective.
Germany(Dax-purple) looks the most balanced in terms of bear and bull phases.
Overall it looks like the bear phase has started for most markets and it may take several years for healthy bull phase to be back.
FTSE 100 (UKX) | The best places to start a downtrend🔥Hello traders, FTSE 100 (UKX) in daily timeframe , this analysis has been prepared in daily timeframe but has been published for a better view in 2 day timeframe.
All of these counts correspond to a b wave at a higher time.
This wave b is formed in the form of a zigzag and from this zigzag the waves a and b are finished and the wave c is being formed.
From wave c, the microwaves 1, 2, 3, and 4 are formed in the form of a channel or triangle, and we assume that wavelet 5 is in wave c, and this wave is around Fibo 1.00 relative to wave a, and probably a sideways process for roofing is formed in this range. .
Either in the same range after the formation of the other two waves ends or after colliding with the upper side of the channel.
The descent will be confirmed when the channel floor and the red circle are broken.
🙏If you have an idea that helps me provide a better analysis, I will be happy to write in the comments🙏
❤️Please, support this idea with a like and comment!❤️
FTSE 100 (UKX) | The best places to start a downtrend📍Hello traders, FTSE 100 (UKX) in daily timeframe , this analysis has been prepared in daily timeframe but has been published for a better view in 2 day timeframe.
All of these counts correspond to a b wave at a higher time.
This wave b is formed in the form of a zigzag and from this zigzag the waves a and b are finished and the wave c is being formed.
The c-wave consists of microwaves 1, 2, 3, and 4 in the form of a channel or triangle, and we assume that the 5-wave microwave is at the end of its motion process.
Either it ends in the same range after the formation of the other two waves, or it completes after hitting the upper side of the channel and the fall starts from that area.
The descent will be confirmed when the canal floor and red circle are broken.
🙏If you have an idea that helps me provide a better analysis, I will be happy to write in the comments🙏
❤️Please, support this idea with a like and comment!❤️
FTSE 100 (UKX) | The best places to start a downtrend🔥Hello traders, FTSE 100 (UKX) in daily timeframe , this analysis has been prepared in daily timeframe but has been published for a better view in 2 day timeframe.
The whole wave we counted corresponds to wave b at higher times.
This wave b is formed in the form of a zigzag and from this zigzag the waves a and b are finished and the wave c is also being formed.
From wave c, the microwaves 1, 2, 3, and 4 are formed in the form of a channel or triangle, and from the last wave, wave 5, one ascent to the rest of this ascent can be at the end of its process or it can continue up to Fibo 1.00 for wave c and then with Break the bottom of the designated channel to start the downward waves.
🙏If you have an idea that helps me provide a better analysis, I will be happy to write in the comments🙏
❤️Please, support this idea with a like and comment!❤️
What will SPX do today?All markets globally have been showing a pattern. For example - UKX, DAX, CAC40 - They open gap-down and then consolidate.
What will SPX do? I think it should follow something similar.
