Market Analysis – December 5 The FTSE 100 has shown a significant change in market structure, shifting from a bearish to a bullish trend after breaking a longstanding bearish trendline in November. The index recently touched a key supply zone and is now undergoing a pullback, potentially building momentum for continued bullish movement. FTSE 100 […]
Market Analysis – November 28 The FTSE 100 recently broke below both minor and major support levels at 8200.0 and 8145.0 on the daily chart. However, the bearish momentum lost steam before reaching the next support at 7918.0. Instead, the price has reversed course, climbing back to the previous resistance zone at 8318.0. FTSE 100 […]
Market Analysis – November 20, 2024 The FTSE 100 has solidified its bearish trajectory after breaking below the minor support level at 8200.0 and the critical support level at 8145.0. Following this significant plunge, the price has retraced to the broken zone, signaling a retest of the former support level, now acting as resistance. FTSE […]
Market Analysis – November 13 The FTSE 100 recently broke below the critical 8145.0 level on the daily chart. Following this breach, the index retraced to the 8318.0 resistance level, where sellers quickly capitalized, initiating significant shorting that pushed the price sharply downward toward 7918.0. With the index approaching critical demand zones, further downside movement […]
Market Analysis – November 8 The FTSE 100 index recently dropped below the significant demand level at 8145.0, following the formation of three distinct falling peaks on the 24-hour timeframe. This technical pattern has intensified bearish momentum, paving the way for potential further declines, with the next key demand level identified at 7918.0. The break […]
Market Analysis – October 29 The FTSE 100 market remains in consolidation, with price contained below the supply zone at 8406.0. Since completing its impulsive phase in May, the index has failed to establish a new trend, signaling indecision and a prolonged range-bound environment. FTSE Key Levels Demand Levels: 8145.0, 7918.0, 7783.0 Supply Levels: 8318.0, […]
Market Analysis – October 23 The FTSE 100 index is currently moving sideways on the daily chart, signaling a lack of clear direction as the price fluctuates between key levels. Recently, the price fell from a significant supply zone within this range, leading to a downward movement. FTSE 100 Key Levels Demand Levels: 8145.0, 7918.0, […]
Market Analysis: October 17 The FTSE 100 index is currently without a clear directional trend, as daily candlesticks fluctuate within established support and resistance zones. The price action shows a sideways movement, evident in the symmetrical triangle pattern, highlighting the progressively tightening range. FTSE 100 Key Levels Demand Zones: 8100.0, 7900.0, 7700.0 Supply Zones: 8300.0, […]
Market Analysis – October 10 The FTSE 100 index remains locked in a sideways trading pattern, with bulls and bears in a prolonged stalemate. The index fluctuates between the established boundaries of 8318.0 and 8172.0, as neither buyers nor sellers have gained sustained control, leading to repetitive back-and-forth movements. FTSE 100 Key Levels Demand Levels: […]
