{"id":200115,"date":"2024-02-10T07:00:00","date_gmt":"2024-02-10T15:00:00","guid":{"rendered":"https:\/\/www.brookstradingcourse.com\/?p=200115"},"modified":"2024-02-10T00:07:50","modified_gmt":"2024-02-10T08:07:50","slug":"ftse-100-second-entry-short","status":"publish","type":"post","link":"https:\/\/www.brookstradingcourse.com\/es\/analysis\/ftse-100-second-entry-short\/","title":{"rendered":"FTSE 100 Second Entry Short, But Closing on MA"},"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 bear outside down bar, a second entry short in a trading range. It&#8217;s a broad bull channel, and so bulls and bears can make money. Neither side is trapped yet, so we are sitting between 7000 and 8000. I prefer to be flat right now; I think there is a 60% chance the bulls will get a breakout. I am looking to buy lower if I can or wait for a BO.<\/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\/02\/FTSE-100-Second-Entry-Short-But-Closing-on-MA.jpg\"><img loading=\"lazy\" decoding=\"async\" width=\"1920\" height=\"1080\" src=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2024\/02\/FTSE-100-Second-Entry-Short-But-Closing-on-MA.jpg\" alt=\"FTSE 100 Second Entry Short, But Closing on MA\" class=\"wp-image-200172\" title=\"\" srcset=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2024\/02\/FTSE-100-Second-Entry-Short-But-Closing-on-MA.jpg 1920w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2024\/02\/FTSE-100-Second-Entry-Short-But-Closing-on-MA-300x169.jpg 300w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2024\/02\/FTSE-100-Second-Entry-Short-But-Closing-on-MA-680x383.jpg 680w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2024\/02\/FTSE-100-Second-Entry-Short-But-Closing-on-MA-768x432.jpg 768w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2024\/02\/FTSE-100-Second-Entry-Short-But-Closing-on-MA-1536x864.jpg 1536w\" sizes=\"auto, (max-width: 1920px) 100vw, 1920px\" \/><\/a><figcaption class=\"wp-element-caption\">FTSE 100 Second Entry Short, But Closing on MA<\/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.tradingview.com\/script\/pQlmaHqq-Zen-rEMA-v2\/\" data-type=\"link\" data-id=\"https:\/\/www.tradingview.com\/script\/pQlmaHqq-Zen-rEMA-v2\/\" rel=\"noopener\">FTSE 100 futures<\/a> moved lower last week with a bear outside down bar, a second entry short in a trading range.<\/li>\n\n\n\n<li>The bulls see an HTF trend line, a broad bull channel and a breakout test of a triangle.<\/li>\n\n\n\n<li>The bears see a DT or triple-top wedge bear flag after an ATH.<\/li>\n\n\n\n<li>The bulls want consecutive bull bars above the MA.<\/li>\n\n\n\n<li>But they got consecutive bear bars. Disappointing.<\/li>\n\n\n\n<li>The bears wanted a close below the MA. But it closed at the MA. Disappointing.<\/li>\n\n\n\n<li>If everyone is disappointed, we are in a TR, and traders should BLSHS take quick profits.<\/li>\n\n\n\n<li>It is an outside down bar, a lower probability short entry for stop order traders.<\/li>\n\n\n\n<li>The bears need one more bar below the MA to keep it always-in-short. They will likely not get it. If they can setup another signal after the second entry that would be even higher probability. <\/li>\n\n\n\n<li>Always in long, traders would have exited a few weeks ago. Some traders would sell the 2 bear bars before.<\/li>\n\n\n\n<li>Trading ranges have deep pullbacks, so low in a TR is a good place to start buying. But I think limit order bulls are waiting for tails or a sign of sideways first.<\/li>\n\n\n\n<li>There were going to sellers above the highs of those bear bars to the left. Bear microchannel setup reasonable short entries above the bars in the right context. <\/li>\n\n\n\n<li>They might be targeting the lows, scalpers would usually target the MA for a quick trade.<\/li>\n\n\n\n<li>Outside bar, so follow-through is important, especially below the MA, to see if the bears can get a new low.<\/li>\n\n\n\n<li>Expect sideways to down next week.<\/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\/02\/FTSE-100-Bear-Microchannel-Two-Closes-Below-MA.jpg\"><img loading=\"lazy\" decoding=\"async\" width=\"1920\" height=\"1080\" src=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2024\/02\/FTSE-100-Bear-Microchannel-Two-Closes-Below-MA.jpg\" alt=\"FTSE 100 Bear Microchannel, Two Closes Below MA\" class=\"wp-image-200175\" title=\"\" srcset=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2024\/02\/FTSE-100-Bear-Microchannel-Two-Closes-Below-MA.jpg 1920w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2024\/02\/FTSE-100-Bear-Microchannel-Two-Closes-Below-MA-300x169.jpg 300w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2024\/02\/FTSE-100-Bear-Microchannel-Two-Closes-Below-MA-680x383.jpg 680w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2024\/02\/FTSE-100-Bear-Microchannel-Two-Closes-Below-MA-768x432.jpg 768w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2024\/02\/FTSE-100-Bear-Microchannel-Two-Closes-Below-MA-1536x864.jpg 1536w\" sizes=\"auto, (max-width: 1920px) 100vw, 1920px\" \/><\/a><figcaption class=\"wp-element-caption\">FTSE 100 Bear Microchannel, Two Closes Below MA<\/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.tradingview.com\/script\/pQlmaHqq-Zen-rEMA-v2\/\" data-type=\"link\" data-id=\"https:\/\/www.tradingview.com\/script\/pQlmaHqq-Zen-rEMA-v2\/\" rel=\"noopener\">FTSE 100 futures<\/a> moved lower last week with three consecutive bear bars, a bear microchannel closing below the MA.<\/li>\n\n\n\n<li>The bulls see a bull spike and a pullback, a Low 2, which they hope will fail and set up a High 2 above the MA.<\/li>\n\n\n\n<li>The bears see a LH DT, another DT bear flag and a strong move down to get a new low.<\/li>\n\n\n\n<li>But neither trader convincingly took out another swing point. Some bears may have been short since December. And bulls have been long since August 2023, November 2023 or January 2024.<\/li>\n\n\n\n<li>This can only happen in a triangle, which is often BOM.<\/li>\n\n\n\n<li>The bulls wanted a break above the DT, but we went down.<\/li>\n\n\n\n<li>Bears wanted a strong close below the prior sell climax high in January.<\/li>\n\n\n\n<li>Both are disappointed.<\/li>\n\n\n\n<li>Always in long traders would have exited a few weeks ago. Some traders would sell the 2 bear bars before.<\/li>\n\n\n\n<li>I didn&#8217;t take the trade because it is close to the MA. Even though it was a second entry short trade.<\/li>\n\n\n\n<li>The bulls want this to be a second-leg trap. A type of spike and climax where the second leg is much bigger than the first.<\/li>\n\n\n\n<li>Three bars in a row, so some traders will wonder if the bears get another leg down. It might be a pause bar on Monday and then one more bar on Tuesday.<\/li>\n\n\n\n<li>Tuesday last week had a bull breakout and then three days of bear breakouts &#8211; that usually traps traders under Tuesday. We may have let them out on Friday. Otherwise, Monday should get them out.<\/li>\n\n\n\n<li>Expect sideways to down next week.<\/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 bear outside down bar, a second entry short in a trading range. It&#8217;s a broad bull channel, and so bulls and bears can make money. Neither side is trapped yet, so we are sitting between 7000 and 8000. I prefer to [&hellip;]<\/p>\n","protected":false},"author":10339,"featured_media":200172,"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-200115","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\/02\/FTSE-100-Second-Entry-Short-But-Closing-on-MA.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\/200115","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=200115"}],"version-history":[{"count":0,"href":"https:\/\/www.brookstradingcourse.com\/es\/wp-json\/wp\/v2\/posts\/200115\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/es\/wp-json\/wp\/v2\/media\/200172"}],"wp:attachment":[{"href":"https:\/\/www.brookstradingcourse.com\/es\/wp-json\/wp\/v2\/media?parent=200115"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/es\/wp-json\/wp\/v2\/categories?post=200115"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/es\/wp-json\/wp\/v2\/tags?post=200115"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}