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FTSE 100 at a 'make or break' point.FTSE 100 (UK100) is on a Lower Highs trend-line rejection that broke below its 4H MA50 (blue trend-line) and almost at the point of a 4H MA200 (orange trend-line) now. This is a pattern of technical break-outs. A break below the 4H MA200 is a sell confirmation signal targeting at least the 1.618 Fibonacci extension at 10155 like the March 09 break-out did. A break above the Lower Highs would be a bullish break-out signal targeting Resistance 1 at 10940. On the longer term, if the downtrend prevails, the index eyes the 1D MA200 (red trend-line), its next technical Support. --- ** 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. ** --- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CAPITALCOM:UK100
by TradingShot
2
FTSE support retest at 10425The FTSE remains in a bullish trend, with recent price action showing signs of a corrective pullback within the broader uptrend, potentially setting up for another move higher if support holds. Support Zone: 10425 – a key level from previous consolidation. Price is currently testing or approaching this level. A bullish rebound from 10425 would confirm ongoing upside momentum, with potential targets at: 10694 – initial resistance 10763 – psychological and structural level 10835 – extended resistance on the longer-term chart Bearish Scenario: A confirmed break and daily close below 10425 would weaken the bullish outlook and suggest deeper downside risk toward: 10353 – minor support 10260 – stronger support and potential demand zone Outlook: Bullish bias remains intact while the FTSE holds above 10425. A sustained break below this level could shift momentum to the downside in the short term. This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
TRADENATION:UK100
by Trade Nation
UK100 (FTSE 100) BUYA long position has been initiated on UK100 (FTSE 100) from the 78.6% Fibonacci retracement zone, aligned with the higher timeframe (1D) bullish structure. On the 4-hour timeframe, price shows signs of stabilization and potential reversal after completing a deep pullback. The entry is based on the confluence of: Strong Fibonacci support (78.6%) Holding above the key structural low Early signs of bullish reaction / demand Trade Idea: Entry: From 78.6% retracement zone Bias: Bullish continuation Target: Previous swing high (0% Fibonacci level) Invalidation: Break below recent structure low While momentum remains slightly weak, this setup offers a favorable risk-to-reward opportunity, provided price confirms continuation with bullish structure on lower timeframes. Conclusion: This is a counter-momentum but structure-based buy, aiming to capture a continuation of the broader uptrend from a high-probability retracement zone.
FX:UK100Long
by The_Trading_G3ek
FTSE 100 bounce faces first test at 10,500We've seen a trend break on our FTSE 100 contract, seeing the price retrace and bounce from the 50-day moving average with minor resistance located overhead at 10,500, providing two nearby levels that can be used to build trade setups around. The message from the oscillators is largely neutral at this stage when it comes to directional bias, with RSI (14) around 50 while MACD looks set to cross the signal line while remaining in positive territory. Upside strength is waning but the bears don't have the ascendency yet, meaning both long and short setups can be considered depending on how the near-term price action evolves. Long could be set here with a stop beneath Tuesday's low for protection, targeting a retest of resistance at 10,700. 10,500 is the level to watch immediately overhead. Should the price fail to clear it, consider nixing or even reversing the setup, setting shorts beneath it with a stop above for protection. If the price were to break and close beneath the 50-day moving average, another option would be to sell targeting either the 100-day moving average or support at 10,100. Good luck! DS
FOREXCOM:UK100
by FOREX.com
FTSE100 breakout zone retest supported at 10508The FTSE remains in a bullish trend, with recent price action showing signs of a corrective pullback within the broader uptrend, potentially setting up for another move higher if support holds. Support Zone: 10508 – a key level from previous consolidation. Price is currently testing or approaching this level. A bullish rebound from 10508 would confirm ongoing upside momentum, with potential targets at: 10794 – initial resistance 10866 – psychological and structural level 10930 – extended resistance on the longer-term chart Bearish Scenario: A confirmed break and daily close below 10508 would weaken the bullish outlook and suggest deeper downside risk toward: 10434 – minor support 10380 – stronger support and potential demand zone Outlook: Bullish bias remains intact while the FTSE holds above 10508. A sustained break below this level could shift momentum to the downside in the short term. This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
TRADENATION:UK100
by Trade Nation
FTSE uptrend continuation pattern supported at 10508The FTSE remains in a bullish trend, with recent price action showing signs of a corrective pullback within the broader uptrend, potentially setting up for another move higher if support holds. Support Zone: 10508 – a key level from previous consolidation. Price is currently testing or approaching this level. A bullish rebound from 10508 would confirm ongoing upside momentum, with potential targets at: 10794 – initial resistance 10866 – psychological and structural level 10930 – extended resistance on the longer-term chart Bearish Scenario: A confirmed break and daily close below 10508 would weaken the bullish outlook and suggest deeper downside risk toward: 10434 – minor support 10380 – stronger support and potential demand zone Outlook: Bullish bias remains intact while the FTSE holds above 10508. A sustained break below this level could shift momentum to the downside in the short term. This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
TRADENATION:UK100
by Trade Nation
FTSE Bullish Flag continuation pattern supported at 10508The FTSE remains in a bullish trend, with recent price action showing signs of a corrective pullback within the broader uptrend, potentially setting up for another move higher if support holds. Support Zone: 10508 – a key level from previous consolidation. Price is currently testing or approaching this level. A bullish rebound from 10508 would confirm ongoing upside momentum, with potential targets at: 10794 – initial resistance 10866 – psychological and structural level 10930 – extended resistance on the longer-term chart Bearish Scenario: A confirmed break and daily close below 10508 would weaken the bullish outlook and suggest deeper downside risk toward: 10434 – minor support 10380 – stronger support and potential demand zone Outlook: Bullish bias remains intact while the FTSE holds above 10508. A sustained break below this level could shift momentum to the downside in the short term. This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
TRADENATION:UK100
by Trade Nation
UK100 H4 | Bullish Bounce OffThe price has bounced off our buy entry level at 10,537.11, which is a pullback support that aligns with the 23.6% Fibonacci retracement. Our stop loss is set at 10,364.16, which is a pullback support that lines up with the 38.2% Fibonacci retracement. Our take profit is set at 10,784.84, which is a pullback resistance that lines up with the 127.2% Fibonacci extension. High Risk Investment Warning Stratos Markets Limited fxcm.com Stratos Europe Ltd fxcm.com CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Global LLC fxcm.com Losses can exceed deposits. Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd. Stratos Trading Pty. Limited fxcm.com Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at fxcm.com
FX:UK100Long
by FXCM
UK100 Momentum Fades as Structure Starts to Break DownThe FTSE 100 had looked well positioned to retest its all-time highs, but recent price action has seen the early April relief rally not just lose momentum, but begin to break down. The focus now turns to whether this is simply a pullback, or the early stages of a broader change in trend. Failed Bull Flag Breakout Changes the Tone The shift in tone can be traced back to the failed breakout from a small bull flag pattern. Into the close on Friday 17th April, the FTSE had broken and closed above the structure, with the move appearing to confirm continuation within the broader uptrend. Heading into the weekend, the setup looked constructive. However, that view was quickly challenged. When markets reopened on Monday, price had already slipped back inside the flag, and crucially, there was no attempt to reclaim the breakout level. Without follow-through, the move higher effectively failed. That type of price action matters. Failed breakouts tend to trap late buyers, particularly those entering on the initial move higher. As price rotates back into the prior range, those positions come under pressure, and that shift in positioning often drives the next move. This is what followed, with the index breaking back below the flag, then the ascending trendline, and more recently the 50-day moving average. UK100 Daily Candle Chart Past performance is not a reliable indicator of future results The move lower has not been aggressive, but it doesn’t need to be. The loss of structure, rather than the speed of the move, is what changes the outlook, and it should be enough to have bulls considering the strength of the prior trend. Intraday Structure Weakens as Lower Highs Develop Zooming into the 4-hour timeframe, the change in behaviour becomes clearer. Since the failed breakout, price has started to carve out a series of lower swing highs, while attempts to stabilise have struggled to generate meaningful upside follow-through. That is often an early sign that momentum is shifting. More recently, price has begun to compress. Friday’s session was fully contained within Thursday’s range, creating an inside day pattern. That range, highlighted on the chart, now provides a clear short-term framework for traders, with Thursday’s high and low acting as near-term reference points. UK100 4-Hour Candle Chart Past performance is not a reliable indicator of future results A break and close below Thursday's low on the four-hour timeframe, when viewed in the context of the broader shift in structure, would reinforce the bearish case and bring the next support levels into focus. On the other hand, a decisive break above Thursday’s high would suggest the market is beginning to whipsaw, signalling a loss of directional clarity and a potential shift into more range-bound conditions. What Matters Now Taken together, the failed breakout on the daily timeframe and the developing lower high structure on the 4-hour chart point to a market that is no longer trending cleanly higher. Instead, we are seeing the early signs of a momentum shift, where rallies are starting to fade rather than extend. For traders, the key now is not what the market has done, but how it behaves next. The structure is beginning to soften, but confirmation still matters. If sellers can build on this sequence of lower highs and push through nearby support, it would strengthen the case for a deeper pullback. Equally, if price begins to reclaim lost ground — particularly the 50-day moving average — the current weakness may prove to be a period of consolidation within a longer-term uptrend rather than the start of a reversal. 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. 81.31% 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.
CAPITALCOM:UK100
by Capital.com
FTSE100 support retest at 10350The FTSE remains in a bullish trend, with recent price action showing signs of a corrective pullback within the broader uptrend, potentially setting up for another move higher if support holds. Support Zone: 10350 – a key level from previous consolidation. Price is currently testing or approaching this level. A bullish rebound from 10350 would confirm ongoing upside momentum, with potential targets at: 10694 – initial resistance 10763 – psychological and structural level 10835 – extended resistance on the longer-term chart Bearish Scenario: A confirmed break and daily close below 10350 would weaken the bullish outlook and suggest deeper downside risk toward: 10260 – minor support 10160 – stronger support and potential demand zone Outlook: Bullish bias remains intact while the FTSE holds above 10350. A sustained break below this level could shift momentum to the downside in the short term. This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
TRADENATION:UK100
by Trade Nation
FTSE corrective pullback support at 10350 The FTSE remains in a bullish trend, with recent price action showing signs of a corrective pullback within the broader uptrend, potentially setting up for another move higher if support holds. Support Zone: 10350 – a key level from previous consolidation. Price is currently testing or approaching this level. A bullish rebound from 10350 would confirm ongoing upside momentum, with potential targets at: 10694 – initial resistance 10763 – psychological and structural level 10835 – extended resistance on the longer-term chart Bearish Scenario: A confirmed break and daily close below 10350 would weaken the bullish outlook and suggest deeper downside risk toward: 10260 – minor support 10160 – stronger support and potential demand zone Outlook: Bullish bias remains intact while the FTSE holds above 10350. A sustained break below this level could shift momentum to the downside in the short term. This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
TRADENATION:UK100
by Trade Nation
FTSE100 Daily: heading to re-test the 10932 level?After the price crossed the SMA(21) last March we got a gap on 8th April. After some short consolidation and gap close it seems the bullish momentum may continue taking the price up to re-test the previous Resistance level at 10929. Notice that we may see another pullback at the level(DT on Feb) but until that the bullish momentum seems to be in place. Technically, this bullish momentum is confirmed by the price comfortably above the SMA(21), by the Stochastic %K crossed %D above the 50 level and for the PA V-shaped recovery forming. Also the Daily Trend(the price above the SMA(200) reflects a strong bullish upward move. As I am in Australia I will wait for London opening tomorrow(Monday, April 20) and will be looking for an entry on Tuesday morning. As per the Fundamentals it is worth to keep one eye on: Tuesday(21st): Claimant Count Change, ILO Unemployment Rate(3M), Employment Change(3M); Wed(22nd): Core Consumer Price Index(YoY), Consumer Price Index(MoM), Consumer Price Index(YoY); Thursday(23rd): S&P Global Manufacturing PMI, S&P Global Services PMI; S&P Global Composite PMI; Friday(224th): Retail Sales(MoM). Trade safe.
PEPPERSTONE:UK100Long
by cyberFX2019
FTSE uptrend continuation pattern support at 10508 The FTSE remains in a bullish trend, with recent price action showing signs of a corrective pullback within the broader uptrend, potentially setting up for another move higher if support holds. Support Zone: 10508 – a key level from previous consolidation. Price is currently testing or approaching this level. A bullish rebound from 10508 would confirm ongoing upside momentum, with potential targets at: 10794 – initial resistance 10866 – psychological and structural level 10930 – extended resistance on the longer-term chart Bearish Scenario: A confirmed break and daily close below 10508 would weaken the bullish outlook and suggest deeper downside risk toward: 10434 – minor support 10380 – stronger support and potential demand zone Outlook: Bullish bias remains intact while the FTSE holds above 10508. A sustained break below this level could shift momentum to the downside in the short term. This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
TRADENATION:UK100
by Trade Nation
UK100 H4 | Potential Bullish RiseThe price is falling towards our buy entry level at 10,441.53, which is an overlap support. Our stop loss is set at 10,243.27, which is a pullback support. Our take profit is set at 10,735.99, which is a pullback resistance that aligns with the 78.6% Fibonacci retracement. High Risk Investment Warning Stratos Markets Limited fxcm.com Stratos Europe Ltd fxcm.com CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Global LLC fxcm.com Losses can exceed deposits. Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd. Stratos Trading Pty. Limited fxcm.com Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at fxcm.com
FX:UK100Long
by FXCM
UK100 H1 | Falling Towards 50% Fib SupportThe price is falling towards our buy entry level at 10,019.87, which is an overlap support that aligns with the 50% Fibonacci retracement. Our stop loss is set at 9,853.87, which is a pullback support level. Our take profit is set at 10,235.14, which is a pullback resistance that aligns witht he 127.2% Fibonacci extension. High Risk Investment Warning Stratos Markets Limited fxcm.com Stratos Europe Ltd fxcm.com CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Global LLC fxcm.com Losses can exceed deposits. Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd. Stratos Trading Pty. Limited fxcm.com Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at fxcm.com
FX:UK100Long
by FXCM
FTSE Bullish flag continuation pattern supported above 10508The FTSE remains in a bullish trend, with recent price action showing signs of a corrective pullback within the broader uptrend, potentially setting up for another move higher if support holds. Support Zone: 10508 – a key level from previous consolidation. Price is currently testing or approaching this level. A bullish rebound from 10508 would confirm ongoing upside momentum, with potential targets at: 10794 – initial resistance 10866 – psychological and structural level 10930 – extended resistance on the longer-term chart Bearish Scenario: A confirmed break and daily close below 10508 would weaken the bullish outlook and suggest deeper downside risk toward: 10434 – minor support 10380 – stronger support and potential demand zone Outlook: Bullish bias remains intact while the FTSE holds above 10508. A sustained break below this level could shift momentum to the downside in the short term. This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
TRADENATION:UK100
by Trade Nation
Bullish continuation?UK100 is falling towards the pivot, which is a pullback support that aligns with the 23.6% and the 50% Fibonacci retracement, and could bounce towards the 1st resistance. Pivot: 10,482.15 1st Support; 10,260.95 1st Resistance: 10,722.38 Disclaimer: The opinions given above 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 to be informative only, and are not advice, a recommendation, research, a record of our trading prices, 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, or 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.
ICMARKETS:UK100Long
by IC Markets
FTSE outperforms Europe, +10% since local low! Is 5th wave done?The UK 100 (FTSE) is outperforming its European counterparts by a wide margin, hovering just shy of the 11,000 record high. Despite the chaos of geopolitical tensions and expectations of rate hikes by the BOE, the index remains heavily supported. We break down the unique fundamentals driving this strength and dive into the Elliott Wave structure to predict the next major move. Key topics covered - Failing truce: The US-Iran ceasefire holds, but Israel's bombardment of Lebanon and the ongoing closure of the Strait of Hormuz are driving up oil and food prices. This is a "bad recipe" that could force the Bank of England to hike rates this year. - Why FTSE outperforming: Despite the hawkish rate outlook, the FTSE is 10% above its recent low due to its exposure to energy giants (BP, Shell) benefiting from tight oil markets, and a strong pillar of support from utility stocks. - EW & Fibos: The rally from the March 23rd bottom (9,680) appears to be a clear 5-wave impulsive structure. We are currently trying to determine if the 5th wave is already complete (which would trigger a major macro correction) or if we are simply in a Wave 4 correction before one final push higher. UK100 scenarios & trade plan: Bullish (The Wave 5 Push) : We are currently finding resistance at the 78.6% Fibonacci retracement, but importantly, holding support above the 61.8% Fib. Setup: As long as the index holds above the 61.8% Fib (and the psychological 10,300 level), the technicals point to further upside. Targets: Bulls will aggressively target a reclaim of the high-momentum liquidity sweep at 10,800. Clearing that supply opens the door for new all-time highs. Bearish (Wave 4 correction): Looking at the 4-hour channel, Wave 4 might not be finished. Setup: If we lose the 61.8% Fib support, expect a deeper correction down to the middle of the channel, potentially testing the 50% Fibonacci retracement. Big picture: If the 5th wave has actually already topped out, we will see a much deeper macro correction before any new 5-wave impulse to the upside can begin. Are you buying the dip for a Wave 5 push or waiting for a deeper correction? Share your thoughts in the comments. This content is not directed to residents of the EU or UK. Any opinions, news, research, analyses, prices or other information contained on this website is provided as general market commentary and does not constitute investment advice. ThinkMarkets will not accept liability for any loss or damage including, without limitation, to any loss of profit which may arise directly or indirectly from use of or reliance on such information.
THINKMARKETS:UK100Long
by ThinkMarkets
Bullish continuation setup?UK100 is falling towards the pivot and could bounce towards the 1st resistance. Pivot: 10,482.15 1st Support: 10,260.95 1st Resistance: 10,722.38 Disclaimer: The opinions given above 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 to be informative only, and are not advice, a recommendation, research, a record of our trading prices, 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, or 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.
ICMARKETS:UK100Long
by IC Markets
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