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\/2024\/04\/FTSE-100-Bull-Breakout-Outside-Down-at-LH-AIL.jpg\" "\\"\\"")
<\/a>FTSE 100 Bull Breakout, Outside Down at LH, AIL<\/figcaption><\/figure>\n\n\n\n<\/div>\n\n\n\n\n- The FTSE 100 futures<\/a> went lower last week with a bear outside down bar closing near its low.<\/li>\n\n\n\n
- It was a four-bar bull microchannel, and last week was the first week to go below the low of a prior bar, where buyers were likely to be waiting.<\/li>\n\n\n\n
- Bulls see a HTF bull channel, a bull Breakout of BOM and a breakout above a double top.<\/li>\n\n\n\n
- I have selected a few measured moves I used to trade it, all of which got hit in the past few weeks.<\/li>\n\n\n\n
- We are always in long, so it is better to be long or flat. There is nothing to sell here unless you are taking profits on longs.<\/li>\n\n\n\n
- We could pull back here. Bears would like it to go to the December breakout point. That is the last breakout gap, and gaps close in trading ranges.<\/li>\n\n\n\n
- And that is what the bears see – a trading range. <\/li>\n\n\n\n
- For the bears, it is an attempt at a double top at a prior lower high, a swing high. They might argue that only one close above it is necessary.<\/li>\n\n\n\n
- Look at the last 20 bars. How many good sell signals are there? Maybe 3 or 4? So, there’s an 80% chance this week is also not a sell signal.<\/li>\n\n\n\n
- Bulls will likely be by the midpoint of that big bull bar from a few weeks ago. So even if we pull back for a few bars, we will likely go higher. <\/li>\n\n\n\n
- Did the count restart? I think likely. The moving average slopes up faster now, and the space between the price and the MA is larger. So the momentum is increasingly bullish.<\/li>\n\n\n\n
- Bulls can expect deep pullbacks but rely on your stop.<\/li>\n\n\n\n
- I think some bears got stuck above the 3 bear bars. But most traders should have exited when the High 2 and High 3 set up.<\/li>\n\n\n\n
- Traders should have rules for exiting trades, and the high probability opposite signal bars are a very reliable reason to get out!<\/li>\n\n\n\n
- Expect sideways to up next week.<\/li>\n<\/ul>\n\n\n\n
The Daily<\/em> FTSE chart<\/h3>\n\n\n\n![\"FTSE](\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2024\/04\/FTSE-100-TTR-and-Low-2-But-Gaps-Open-and-More-Up-1.jpg\" "\\"\\"")
<\/a>FTSE 100 TTR and Low 2, But Gaps Open and More Up<\/figcaption><\/figure>\n\n\n\n
<\/a><\/div>\n\n\n\n
- \n
- The FTSE 100 futures<\/a> went lower last week with a bear outside down bar closing near its low.<\/li>\n\n\n\n
- It was a four-bar bull microchannel, and last week was the first week to go below the low of a prior bar, where buyers were likely to be waiting.<\/li>\n\n\n\n
- Bulls see a HTF bull channel, a bull Breakout of BOM and a breakout above a double top.<\/li>\n\n\n\n
- I have selected a few measured moves I used to trade it, all of which got hit in the past few weeks.<\/li>\n\n\n\n
- We are always in long, so it is better to be long or flat. There is nothing to sell here unless you are taking profits on longs.<\/li>\n\n\n\n
- We could pull back here. Bears would like it to go to the December breakout point. That is the last breakout gap, and gaps close in trading ranges.<\/li>\n\n\n\n
- And that is what the bears see – a trading range. <\/li>\n\n\n\n
- For the bears, it is an attempt at a double top at a prior lower high, a swing high. They might argue that only one close above it is necessary.<\/li>\n\n\n\n
- Look at the last 20 bars. How many good sell signals are there? Maybe 3 or 4? So, there’s an 80% chance this week is also not a sell signal.<\/li>\n\n\n\n
- Bulls will likely be by the midpoint of that big bull bar from a few weeks ago. So even if we pull back for a few bars, we will likely go higher. <\/li>\n\n\n\n
- Did the count restart? I think likely. The moving average slopes up faster now, and the space between the price and the MA is larger. So the momentum is increasingly bullish.<\/li>\n\n\n\n
- Bulls can expect deep pullbacks but rely on your stop.<\/li>\n\n\n\n
- I think some bears got stuck above the 3 bear bars. But most traders should have exited when the High 2 and High 3 set up.<\/li>\n\n\n\n
- Traders should have rules for exiting trades, and the high probability opposite signal bars are a very reliable reason to get out!<\/li>\n\n\n\n
- Expect sideways to up next week.<\/li>\n<\/ul>\n\n\n\n
The Daily<\/em> FTSE chart<\/h3>\n\n\n\n
<\/a>FTSE 100 TTR and Low 2, But Gaps Open and More Up<\/figcaption><\/figure>\n\n\n\n