{"id":197295,"date":"2024-01-06T07:00:00","date_gmt":"2024-01-06T15:00:00","guid":{"rendered":"https:\/\/www.brookstradingcourse.com\/?p=197295"},"modified":"2024-01-06T03:56:10","modified_gmt":"2024-01-06T11:56:10","slug":"ftse-100-low-1-high-in-tr","status":"publish","type":"post","link":"https:\/\/www.brookstradingcourse.com\/es\/analysis\/ftse-100-low-1-high-in-tr\/","title":{"rendered":"FTSE 100 Low 1 High in TR, Tight Bull Channel"},"content":{"rendered":"\n<h2 class=\"wp-block-heading\">Market Overview: FTSE 100 Futures<\/h2>\n\n\n\n<p><strong>FTSE 100 futures<\/strong> moved lower last week with a Low 1 at the top of a trading range. 5 consecutive higher lows, so we expected there to be buyers below. Weak signal bar for the bears, so we might need to go for a second leg up. Bears want to trap bulls here high in a trading range and get back to the MA.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">FTSE 100 Futures<\/h2>\n\n\n\n<h3 class=\"wp-block-heading\">The <em>Weekly<\/em> FTSE chart<\/h3>\n\n\n\n<figure class=\"wp-block-image size-full\"><a href=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2024\/01\/FTSE-100-Low-1-High-in-TR-Tight-Bull-Channel.jpg\"><img loading=\"lazy\" decoding=\"async\" width=\"1920\" height=\"1080\" src=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2024\/01\/FTSE-100-Low-1-High-in-TR-Tight-Bull-Channel.jpg\" alt=\"FTSE 100 Low 1 High in TR, Tight Bull Channel\" class=\"wp-image-197381\" title=\"\" srcset=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2024\/01\/FTSE-100-Low-1-High-in-TR-Tight-Bull-Channel.jpg 1920w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2024\/01\/FTSE-100-Low-1-High-in-TR-Tight-Bull-Channel-300x169.jpg 300w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2024\/01\/FTSE-100-Low-1-High-in-TR-Tight-Bull-Channel-680x383.jpg 680w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2024\/01\/FTSE-100-Low-1-High-in-TR-Tight-Bull-Channel-768x432.jpg 768w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2024\/01\/FTSE-100-Low-1-High-in-TR-Tight-Bull-Channel-1536x864.jpg 1536w\" sizes=\"auto, (max-width: 1920px) 100vw, 1920px\" \/><\/a><figcaption class=\"wp-element-caption\">FTSE 100 Low 1 High in TR, Tight Bull Channel<\/figcaption><\/figure>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<ul class=\"wp-block-list\">\n<li>The <a href=\"https:\/\/www.investing.com\/indices\/uk-100-futures\" rel=\"noopener\">FTSE 100 futures<\/a> chart last week was a bear outside bar, closing above its midpoint with a tail above.<\/li>\n\n\n\n<li>It is a Low 1 short for the bears but a weak signal bar with the tail.<\/li>\n\n\n\n<li>It is also the first reversal down in a bull microchannel, so that is less likely to work.<\/li>\n\n\n\n<li>Bulls see a spike and maybe a channel starting now. They want a breakout above this trading range.<\/li>\n\n\n\n<li>The bears see a double top high in a trading range. They want a trigger sell below the low next week to make the bulls think about giving up.<\/li>\n\n\n\n<li>Some bears already see a couple of legs, maybe a wedge, with three pushes up.<\/li>\n\n\n\n<li>Other bulls see the complex legs and that we broke out of a triangle at the MAs and were in BOM. It is more likely we are starting a new pattern.<\/li>\n\n\n\n<li>If the bears can get follow-through, then bulls will likely buy the MA.<\/li>\n\n\n\n<li>We triggered the buy above last week and got a big tail below, so some bulls are disappointed with the BO. If we get back to the highs, they will likely exit.<\/li>\n\n\n\n<li>Limit order bulls have been waiting to buy below a bar, so now they have a chance to buy.<\/li>\n\n\n\n<li>Because of the TR price action, we will likely go sideways back to the MA to find more buyers. If the Low 1 gets follow-through, that will be surprising.<\/li>\n\n\n\n<li>Most traders should be long or flat. Some bulls will exit below this bear bar, although it was a weak close for the bears. Other bulls will wait to get out a scalp below it.<\/li>\n\n\n\n<li>Expect sideways to up next week as we are always in long.<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\">The <em>Daily<\/em> FTSE chart<\/h3>\n\n\n\n<figure class=\"wp-block-image size-full\"><a href=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2024\/01\/FTSE-100-Micro-Double-Bottom-TTR-in-Bull-Channel.jpg\"><img loading=\"lazy\" decoding=\"async\" width=\"1920\" height=\"1080\" src=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2024\/01\/FTSE-100-Micro-Double-Bottom-TTR-in-Bull-Channel.jpg\" alt=\"FTSE 100 Micro Double Bottom, TTR in Bull Channel\" class=\"wp-image-197386\" title=\"\" srcset=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2024\/01\/FTSE-100-Micro-Double-Bottom-TTR-in-Bull-Channel.jpg 1920w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2024\/01\/FTSE-100-Micro-Double-Bottom-TTR-in-Bull-Channel-300x169.jpg 300w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2024\/01\/FTSE-100-Micro-Double-Bottom-TTR-in-Bull-Channel-680x383.jpg 680w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2024\/01\/FTSE-100-Micro-Double-Bottom-TTR-in-Bull-Channel-768x432.jpg 768w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2024\/01\/FTSE-100-Micro-Double-Bottom-TTR-in-Bull-Channel-1536x864.jpg 1536w\" sizes=\"auto, (max-width: 1920px) 100vw, 1920px\" \/><\/a><figcaption class=\"wp-element-caption\">FTSE 100 Micro Double Bottom, TTR in Bull Channel<\/figcaption><\/figure>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<ul class=\"wp-block-list\">\n<li>The <a href=\"https:\/\/www.investing.com\/indices\/uk-100-futures\" rel=\"noopener\">FTSE 100 futures<\/a> chart on Friday was a bear bar closing above its midpoint with a big tail below.<\/li>\n\n\n\n<li>The bar touched the MA and reversed up back inside the prior bar.<\/li>\n\n\n\n<li>The bulls see a bull channel with several legs up. We have been going sideways for a week now as traders decide whether we move up to close the gap above.<\/li>\n\n\n\n<li>The bears see a double top or a wedge bear flag testing the top of a sell climax from October or September.<\/li>\n\n\n\n<li>Trading ranges often go past support and resistance.<\/li>\n\n\n\n<li>But has the character changed? The bulls now have sets of 3 consecutive bars and open gaps, and bears have failed to do much since November.<\/li>\n\n\n\n<li>The bulls could say it is a small pullback bull trend. Every bear bar was a buy setup.<\/li>\n\n\n\n<li>Most bull channels hit the top side and then come back and touch the bottom side. But that might be all we get because too many buyers were there.<\/li>\n\n\n\n<li>It is a bad sell below Friday with the big tail. And a weak buy signal for the bulls. So we might go sideways again on Monday.<\/li>\n\n\n\n<li>Some bulls might see a High 2, but it is not clear on this timeframe.<\/li>\n\n\n\n<li>some bulls exited once the second consecutive bear bar closed. Other bulls bought more to get back to the high close.<\/li>\n\n\n\n<li>Because the test was an inside bar, most bulls closed there.<\/li>\n\n\n\n<li>Expect sideways to up next week as the Low 1 makes bulls decide how much buying pressure there is.<\/li>\n\n\n\n<li>It is always in long, so most traders should be long or flat.<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\">Market analysis reports archive<\/h3>\n\n\n\n<p>You can access all weekend reports on the <a rel=\"noreferrer noopener\" class=\"rank-math-link\" href=\"https:\/\/www.brookstradingcourse.com\/blog\/analysis\/\" target=\"_blank\">Market Analysis<\/a> page.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-css-opacity\" \/>\n","protected":false},"excerpt":{"rendered":"<p>Market Overview: FTSE 100 Futures FTSE 100 futures moved lower last week with a Low 1 at the top of a trading range. 5 consecutive higher lows, so we expected there to be buyers below. Weak signal bar for the bears, so we might need to go for a second leg up. Bears want to [&hellip;]<\/p>\n","protected":false},"author":10339,"featured_media":197381,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"shadow","_genesis_layout":"","footnotes":""},"categories":[1697,136],"tags":[1699],"class_list":{"0":"post-197295","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-ftse-100","8":"category-analysis","9":"tag-ftse-100","10":"entry","11":"override","12":"shadow"},"featured_image_src":"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2024\/01\/FTSE-100-Low-1-High-in-TR-Tight-Bull-Channel.jpg","author_info":{"display_name":"Timothy","author_link":"https:\/\/www.brookstradingcourse.com\/es\/author\/timfairweathercagmail-com\/"},"_links":{"self":[{"href":"https:\/\/www.brookstradingcourse.com\/es\/wp-json\/wp\/v2\/posts\/197295","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.brookstradingcourse.com\/es\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.brookstradingcourse.com\/es\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/es\/wp-json\/wp\/v2\/users\/10339"}],"replies":[{"embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/es\/wp-json\/wp\/v2\/comments?post=197295"}],"version-history":[{"count":0,"href":"https:\/\/www.brookstradingcourse.com\/es\/wp-json\/wp\/v2\/posts\/197295\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/es\/wp-json\/wp\/v2\/media\/197381"}],"wp:attachment":[{"href":"https:\/\/www.brookstradingcourse.com\/es\/wp-json\/wp\/v2\/media?parent=197295"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/es\/wp-json\/wp\/v2\/categories?post=197295"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/es\/wp-json\/wp\/v2\/tags?post=197295"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}