FTSE 100 Futures<\/h2>\n\n\n\nThe Weekly<\/em> FTSE chart<\/h3>\n\n\n\n![\"FTSE](\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2022\/10\/FTSE-100-Weekly-Outside-Bar-at-the-Measured-Move-Target.jpg\" "\\"\\"")
<\/a>FTSE 100 Weekly: Outside Bar at the Measured Move Target<\/strong><\/figcaption><\/figure>\n\n\n\n- The FTSE 100 futures<\/a> was a bull outside bar with tails above and below.<\/li>
- It is a pause bar after 3 consecutive bear bars closing on their lows so we are still always in short.<\/li>
- It is neither a great buy nor sell signal for next week so we might go sideways to down.<\/li>
- It’s an outside bar so it’s a tight trading range and breakout mode so the probability is 50\/50.<\/li>
- An outside bar means it was a High 1 when we traded above last week and traders expected bears to sell there.<\/li>
- For the bulls, it is 2 legs down after a tight bull channel up to the range highs. It is a lower low and deeper pullback. They see the sell climax after the first weekly bar to be completely below the 100-week moving average (MA.)<\/li>
- But after 3 consecutive bear bars, it was not a great buy setup so most bulls are waiting for a High 2 or a follow-through bull bar before scaling in.<\/li>
- It was a reasonable buy signal 4 weeks ago for the bulls. Trading ranges often go back to visit these reasonable opposite signal areas. So targets are 50% between the next buy setup and that one, and we might go above its high to let them out.<\/li>
- The bears see a tight bear channel, two strong legs and expect another leg, but last week’s tail below will reduce the number of bears willing to sell below. They might retrace back to the moving average before selling again.<\/li>
- The bulls want a wedge bottom and a buy setup to go long. A second entry would be an ideal low in the trading range. Some traders will wait for consecutive bars before buying.<\/li>
- The bears want another leg down and they might get it We might need to close the gap below August 29th<\/sup> before continuing down.<\/li>
- It’s a trading range so we can expect disappointment – perhaps a bear inside bar closing on its low or a follow-through bull bar with tails above and too high.<\/li>
- If you had to be in the market it’s better to be short or flat. Traders can exit above last week and look to sell again.<\/li><\/ul>\n\n\n\n
The Daily<\/em> FTSE chart<\/h3>\n\n\n\n![\"FTSE](\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2022\/10\/FTSE-100-Daily-Pause-at-7000-Big-Round-Number.jpg\" "\\"\\"")
<\/a>FTSE 100 Daily: Pause at 7000 Big Round Number<\/strong><\/figcaption><\/figure>\n\n\n\n
<\/a>- The FTSE 100 futures<\/a> was a bull outside bar with tails above and below.<\/li>
- It is a pause bar after 3 consecutive bear bars closing on their lows so we are still always in short.<\/li>
- It is neither a great buy nor sell signal for next week so we might go sideways to down.<\/li>
- It’s an outside bar so it’s a tight trading range and breakout mode so the probability is 50\/50.<\/li>
- An outside bar means it was a High 1 when we traded above last week and traders expected bears to sell there.<\/li>
- For the bulls, it is 2 legs down after a tight bull channel up to the range highs. It is a lower low and deeper pullback. They see the sell climax after the first weekly bar to be completely below the 100-week moving average (MA.)<\/li>
- But after 3 consecutive bear bars, it was not a great buy setup so most bulls are waiting for a High 2 or a follow-through bull bar before scaling in.<\/li>
- It was a reasonable buy signal 4 weeks ago for the bulls. Trading ranges often go back to visit these reasonable opposite signal areas. So targets are 50% between the next buy setup and that one, and we might go above its high to let them out.<\/li>
- The bears see a tight bear channel, two strong legs and expect another leg, but last week’s tail below will reduce the number of bears willing to sell below. They might retrace back to the moving average before selling again.<\/li>
- The bulls want a wedge bottom and a buy setup to go long. A second entry would be an ideal low in the trading range. Some traders will wait for consecutive bars before buying.<\/li>
- The bears want another leg down and they might get it We might need to close the gap below August 29th<\/sup> before continuing down.<\/li>
- It’s a trading range so we can expect disappointment – perhaps a bear inside bar closing on its low or a follow-through bull bar with tails above and too high.<\/li>
- If you had to be in the market it’s better to be short or flat. Traders can exit above last week and look to sell again.<\/li><\/ul>\n\n\n\n
The Daily<\/em> FTSE chart<\/h3>\n\n\n\n
<\/a>FTSE 100 Daily: Pause at 7000 Big Round Number<\/strong><\/figcaption><\/figure>\n\n\n\n