FTSE100 | UK Stock Market | Price Action Masterclass
Hey Traders,
Global indexes are easier to read when you can see where market value exists.
I previously called it short from the highs in this analysis:
This was just before the mammoth fall in which we have seen. The UK economy has been subdued and the latest Inflation readings are not appetising. This is causing huge uncertainty within the British economy and has led to lowered company forecasts and problems with growth.
Policy setters are attempting to battle their way through and politicians are determined to not give tax cuts further adding to the issue.
The actual index itself has formerly rallied to new highs due to the heavy weighted oil companies within, only briefly. House building companies have dropped out of the FTSE due to mortgage rates and costs.
Overall, Market Sentiment is poor, but a technical perspective persists amongst similar areas where you have had a similar situation. Poor sentiment always comes before good hence my bias.
The UK Index, the FTSE 100 is a great example of using Price Action to wade through the midst. It never lies and will always give you a gauge before you see any improvement in market sentiment and a following upmove.
Risk management is key in these situations. Just because you have a good Tech setup does not mean you should sell the farm and it does not mean the price cannot fall further. So be prepared and plan future entries if applicable to your strategy. But never, ever overleverage, just use Price Action as a guide to entry and a guide to the value of the market.
Here's how I'm trading it.
Global indexes are easier to read when you can see where market value exists.
I previously called it short from the highs in this analysis:
This was just before the mammoth fall in which we have seen. The UK economy has been subdued and the latest Inflation readings are not appetising. This is causing huge uncertainty within the British economy and has led to lowered company forecasts and problems with growth.
Policy setters are attempting to battle their way through and politicians are determined to not give tax cuts further adding to the issue.
The actual index itself has formerly rallied to new highs due to the heavy weighted oil companies within, only briefly. House building companies have dropped out of the FTSE due to mortgage rates and costs.
Overall, Market Sentiment is poor, but a technical perspective persists amongst similar areas where you have had a similar situation. Poor sentiment always comes before good hence my bias.
The UK Index, the FTSE 100 is a great example of using Price Action to wade through the midst. It never lies and will always give you a gauge before you see any improvement in market sentiment and a following upmove.
Risk management is key in these situations. Just because you have a good Tech setup does not mean you should sell the farm and it does not mean the price cannot fall further. So be prepared and plan future entries if applicable to your strategy. But never, ever overleverage, just use Price Action as a guide to entry and a guide to the value of the market.
Here's how I'm trading it.
Catatan
Entered Long.Catatan
Long bias/entries carried into monday.Catatan
Straight up on Monday open. Lock in profits.Catatan
Light shorts 7400Catatan
Hands off until^Catatan
Gains taken yesterday, re entry around same point.Catatan
Called exactly as stated. exit all longs.Catatan
Exit shorts.Catatan
Would not be enormously shocked if we rise from here via key TECH bias on todays fall. Holding minor longs.
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bit.ly/learnttm
Free Discord Secret Server:
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Posts Not financial advice.
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Free Pro Multi Asset Trading Guide:
bit.ly/learnttm
Free Discord Secret Server:
discord.gg/tXAcxFVCJU
Posts Not financial advice.
bit.ly/learnttm
Free Discord Secret Server:
discord.gg/tXAcxFVCJU
Posts Not financial advice.
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.