Supply Demand Analysis of #FTSEJust took a short position in #FTSE even when it is trading at the base and mainly because the General Theory of Supply and Demand suggest this..
UK100 trade ideas
#UK100UK100 start its correction from 20 feb 2023 and complete a flat correction on 4 july 2023.
After that it form a X wave on 26 july 2023 .
From 26 july it enter into a triangle correction and complete its E wave on 13 feb 2024.
Also the price gives a pattern conformation.
So we can expect a 7-8 % upside in UK100
a clear breakout shown on uk100a clear breakout shown on uk100
its a good oppurtinity for forex lover
grab it with low risk
INDEX FTSE is trying to break from lower lower INDEX FTSE is trying to break from lower lower .
this will take time. Swing recommended till breakout.
Stop loss and Hedge must to trade.
UK100 (FTSE) - LIKELY TO DO A THIRD UPWARDS?UK100 has a clear 5 wave up from COVID-19 lows.
This is either an ABC pattern or a five-wave impulse. In either case, we should anticipate a significant move. Such big moves sometimes come after sentimental extremes or events - which is much awaited.
If this transpires, would be led by a commodity-led rally, which would in turn imply a weak dollar, loose liquidity, and high inflation. Let's keep a close watch on this.
Ukx intraday setupUkx intraday bearish setup
Bearish sentiment already in higher timeframe so bearish setup is in more favour
Final Line of defenceUK 100 is nearing its crucial support levels! Expecting a bounce from this oversold region. However, if we breach this support then we may slip to 7000-6700 levels.
possible buys UK100UK100 has formed an inverse head and shoulder pattern. am expecting to see more buys.
FTSE100 indexIs the UK index or the FTSE100 index ready for a big rally in the coming days ??charts show a highly bullish breakout and also sustaining above the resistance of 7600 levels , index has almost 20% upside open before any major hurdles , 6 days to go for monthly candle closing and a closing above 7600 levels can give a confirmation of coming rally , view invalid if monthly candle closes below
UK100 is Going DOWNWith My Analysis I belive it Fuel prices are going up which cause economy to slow down thats why i belif that uk100 will have to fall .
FTSE UK100 FTSE UK100 is looking bearish. Beautifully formed rising wedge pattern has seen in UK100 on daily TF. Levels are already highlighted on graph 📉 Invest on your own Risk
Big Break Out in UK index!After testing multiple times, UKX has finally broken the crucial support level of 6800! This if sustained till monday, may trigger a fall in rest of the indexes and world economy overall.
UK 100 - FTSE CMP 7524.4 Short - 7537-7550 Target - 7507- 749UK 100 - FTSE CMP 7524.4
Short - 7537-7550
Target - 7507- 7498- 7485- 7455+
Risk Taker can short @ Cmp
SL 7563
harmonic indicating reversal Zone is - 7490 Watch it
UK100GBP AnalysisSetup Contains:
1. Bearish Structure
2. Break of Structures
3. Bearish Order Flow
4. Return To OrderBlock
5. Trendline Liquidity As Targets
FOLLOW PAFX & TRADE LIKE BANKS 💸
UK100 - EXCESSIVE POUNDS UK100, like many other equity spaces rose. However it lags the US counter part in its upmove. If one observes on 25 Feb SPX was around 4300 which is now at 4500 while UK100 has not made that kind of a progress. Markets move for a reason. This under performance can continue or alternatively if SPX corrects some of the recent gains as it is closer to the supply zone, UK100 can give up more than meets the eye. Short here and 7520 stops 7565 for 7420-30.
UK100 to touch 7679 LevelUK100 Index seems to be in bullish trend, using bullish flag harmonic pattern, the project shows that it could touch 7679 Level
FTSE - LEADER OR LAGARDFTSE still above 200 DMA relative to NIKKI, DAX, DOW. That warns if it is leader, or lagard in waiting. We had HnS break out yesterday, how ever, this morning rise is an opportunity to short if not already one in hand. The supply zone from the previous base and the downward slope from the recent high both vertex around the 7630-40 close area or one can assume 7610 close. Short here and any rise 7570 stops close basis 7640 for move part 7430 balance 7300-40 range.
UK 100 - FTSE CMP 7524.4 Short - 7537-7550 Target - 7507- 749UK 100 - FTSE CMP 7524.4
Short - 7537-7550
Target - 7507- 7498- 7485- 7455+
Risk Taker can short @ Cmp
SL 7563
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.
