TS - #FST100Disclaimer
This analysis is designed to provide information that CTS believes to be accurate on the subject matter, but is shared with the understanding that the author is NOT offering individualized advice tailored to any specific portfolio or the particular needs of any individual.
The author of the analysis specifically disclaims any responsibility for any personal or other loss or risk incurred as a consequence, directly or indirectly, of the use and application of any of the contents of this analysis.
UK100 trade ideas
ftse
FTSE
A channeled up move
along the median line.
Pullback towards
0.786/ 0.89
retracment can be tested
along with falling trend line.
Under performance has been witnessed
in relation to world market cycle for the index
during the phase from March 2020.
Upper resistance as mentioned above
can be test but key will be provide
a breakout and sustain.
Imagine March 2018 peak not yet
crossed.
FTSE 100UK 100 will follow the pattern.
1.Likely to form a W pattern ,since the RSI is at oversold condition.
2.Then Longs are favoured
FTSE100 -Can Bulls have Butterflies in their Stomach@7600-3500I don't know - time will let us know. This is what I use to feel when I used do revision a day before my final exams- I think all of us have passed through such scenarios in school / college days- what ever levels you are prepared you still feel butterflies in your stomach, don't you?
Butterfly final legs can extend to 161.8% causing euphoria in markets.
This is not a call - just for education.
FTSE : How to trade with RSI Indicator ( Educational)I explained how to trade high probability trades with using RSI Oscillator in Trending market. RSI Oscillator is fast moving indicator, Observe RSI Divergence failed to change the direction but still you get the pull back, Notice before price fall RSI hitting bottom that is key indication Price is trying to make higher high. Trend is strong on Upside those divergence are profit booking zones.
Feel free to ask your doubts.
