After breaking up the 2 Week range in the previous week powerfully than expected, the passing week was no surprisingly a consolidation and testing again the 2 Week mid range, as this price action suggested two weeks ago. The Monthly bar of May ended as a small range LH LL (Lower High-Lower Low) bar, in Read More
Author: Gil Ecker
The bullish thrust seen in the main stock market indexes hasn’t skipped over the FTSE100, and a strong break up above the previous two week range appears very clearly. However, please pay attention to a shortening of the thrust that took place in the last 2 trading days. Price moved sharply from one edge of Read More
During the passing week, the FTSE100 has still been trying to find a direction, and as mentioned on the last review, there wasn’t any good swing setup. So goes for the coming week. The fact that the last weekly bar, after extending the range of the previous Weekly bar, closed like the latter, in the middle, -calls Read More
Before we dig into the FTSE100 short term price action in the following weeks, let’s start by having a very wide range picture to show as where we are strategically. Chart1 is the 5 year chart of the FTSE100, i.e. each bar lasts 5 years. The years 1995-1999 printed a very bullish wide range bar Read More