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-Strong-Breakout-New-All-Time-High.jpg\" "\\"\\"")
<\/a>FTSE 100 Strong Breakout New All-Time High<\/figcaption><\/figure>\n\n\n\n<\/div>\n\n\n\n\n- The FTSE 100 futures<\/a> last week had a strong breakout to the new all-time high.<\/li>\n\n\n\n
- It was a big bull bar closing on its high, so we might gap up next week.<\/li>\n\n\n\n
- For the bulls, followthrough is important after a large bar, which tells the difference between profit-taking and new orders.<\/li>\n\n\n\n
- The bears see it as a buy climax and are looking for a reversal, a failed breakout at the new ATH.<\/li>\n\n\n\n
- Last week, we said the tail below was a sign that bears were getting out of the way. They had limit-orders at the prior high and lower. But they needed to scale in to avoid a loss.<\/li>\n\n\n\n
- You could argue that because of an open gap, many bears could not reduce their losses. Once they exit buying back shorts, the bulls buy, also increasing the price.<\/li>\n\n\n\n
- The bears need a bad FT bar, a bear doji closing on its low, to confuse the bulls more.<\/li>\n\n\n\n
- After a breakout, there should be a pullback to start the channel of a spike and channel.<\/li>\n\n\n\n
- Can this be a wedge bear flag, a three-push at the high of a trading range? No one will sell low without a sell signal, and they are unlikely to sell the high as it is.<\/li>\n\n\n\n
- Limit order traders could buy below the lows of the prior bars before the breakout. Betting that the stop-order sell below would not work.<\/li>\n\n\n\n
- You could have also bought weak reversal bars on the way up.<\/li>\n\n\n\n
- Always in long, so better to be long or flat.<\/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-Bull-Spike-and-Channel-Open-Gaps.jpg\" "\\"\\"")
<\/a>FTSE 100 Bull Spike and Channel, Open Gaps<\/figcaption><\/figure>\n\n\n\n
<\/a><\/div>\n\n\n\n
- \n
- The FTSE 100 futures<\/a> last week had a strong breakout to the new all-time high.<\/li>\n\n\n\n
- It was a big bull bar closing on its high, so we might gap up next week.<\/li>\n\n\n\n
- For the bulls, followthrough is important after a large bar, which tells the difference between profit-taking and new orders.<\/li>\n\n\n\n
- The bears see it as a buy climax and are looking for a reversal, a failed breakout at the new ATH.<\/li>\n\n\n\n
- Last week, we said the tail below was a sign that bears were getting out of the way. They had limit-orders at the prior high and lower. But they needed to scale in to avoid a loss.<\/li>\n\n\n\n
- You could argue that because of an open gap, many bears could not reduce their losses. Once they exit buying back shorts, the bulls buy, also increasing the price.<\/li>\n\n\n\n
- The bears need a bad FT bar, a bear doji closing on its low, to confuse the bulls more.<\/li>\n\n\n\n
- After a breakout, there should be a pullback to start the channel of a spike and channel.<\/li>\n\n\n\n
- Can this be a wedge bear flag, a three-push at the high of a trading range? No one will sell low without a sell signal, and they are unlikely to sell the high as it is.<\/li>\n\n\n\n
- Limit order traders could buy below the lows of the prior bars before the breakout. Betting that the stop-order sell below would not work.<\/li>\n\n\n\n
- You could have also bought weak reversal bars on the way up.<\/li>\n\n\n\n
- Always in long, so better to be long or flat.<\/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 Bull Spike and Channel, Open Gaps<\/figcaption><\/figure>\n\n\n\n