{"id":154751,"date":"2022-06-25T07:00:00","date_gmt":"2022-06-25T14:00:00","guid":{"rendered":"https:\/\/www.brookstradingcourse.com\/?p=154751"},"modified":"2022-06-25T02:08:50","modified_gmt":"2022-06-25T09:08:50","slug":"ftse-surprise-bar-at-support","status":"publish","type":"post","link":"https:\/\/www.brookstradingcourse.com\/pt-br\/analysis\/ftse-surprise-bar-at-support\/","title":{"rendered":"FTSE bull surprise bar at support"},"content":{"rendered":"\n<h2 class=\"wp-block-heading\">Market Overview: FTSE 100 Futures<\/h2>\n\n\n\n<p>The\u00a0<strong>FTSE futures <\/strong>market reversed up strongly with a bull surprise bar at support. It was the end of a measured move for the bears and you can see how quickly they exited. We said last week we would end up back at this magnet of a tight trading range, so we might go sideways to up while the computers have a bit of fun with the day traders. The math is 50% either way here so most traders should wait. And the bars are big, as is the risk, so trade small.<\/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\/2022\/06\/FTSE-Bull-Surprise-Bar-at-Support-1.jpg\"><img loading=\"lazy\" decoding=\"async\" width=\"1920\" height=\"1080\" src=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2022\/06\/FTSE-Bull-Surprise-Bar-at-Support-1.jpg\" alt=\"FTSE Weekly Chart Bull Surprise Bar at Support\" class=\"wp-image-154813\" title=\"\" srcset=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2022\/06\/FTSE-Bull-Surprise-Bar-at-Support-1.jpg 1920w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2022\/06\/FTSE-Bull-Surprise-Bar-at-Support-1-300x169.jpg 300w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2022\/06\/FTSE-Bull-Surprise-Bar-at-Support-1-680x383.jpg 680w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2022\/06\/FTSE-Bull-Surprise-Bar-at-Support-1-768x432.jpg 768w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2022\/06\/FTSE-Bull-Surprise-Bar-at-Support-1-1536x864.jpg 1536w\" sizes=\"auto, (max-width: 1920px) 100vw, 1920px\" \/><\/a><figcaption>FTSE 100 Bull Surprise Bar at Support<\/figcaption><\/figure>\n\n\n\n<ul class=\"wp-block-list\"><li>The <a href=\"https:\/\/www.londonstockexchange.com\/indices\/ftse-100\" target=\"_blank\" rel=\"noreferrer noopener\">FTSE 100 futures<\/a> was a large bull surprise bar closing on its high so we might gap up next week.<\/li><li>It was a reversal at support, the prior breakout point from January 2021 and the bottom of an 18-month trading range.<\/li><li>It was a measured move target like we said last week and we were waiting to see whether bears stayed short.<strong>They did not.<\/strong><\/li><li>We said last week, that after a tight trading range, and barbwire pattern for several weeks, we might breakout and fail before we move from this price area. <strong>They did.<\/strong><\/li><li>The bears had 3 consecutive bear bars closing on their lows but it still reversed.<\/li><li>The bulls see a double bottom, bull surprise off the moving averages and are looking to test the top of the range.<\/li><li>They even bought after 3 bear bars which shows the lack of bear conviction. They are likely to keep pressing next week long. Even though the math isn&#8217;t great. The middle of a trading range is no better than 50% either way.<\/li><li>The bears see a pullback after a bear breakout and expect a second leg so will start to scale in above bars. They might wait until the tight trading range above as it\u2019s a magnet.<\/li><li>The bears expected bulls to buy below the moving average. That was the 3rd time in 6 months they got a bar completely below the moving average so they will likely keep buying low, selling high and scalping (BLSHS.)<\/li><li>The bears want to stop going back to that range and create a gap for a possible measured move down, but they might have to settle for a bear leg in a trading range.<\/li><li>The bulls want a follow-through bar, but if they can\u2019t get a close back into that range, they will likely take profits and buy back lower down.<\/li><\/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\/2022\/06\/FTSE-100-Bull-Surprise-at-7000-Big-Round-Number.jpg\"><img loading=\"lazy\" decoding=\"async\" width=\"1920\" height=\"1080\" src=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2022\/06\/FTSE-100-Bull-Surprise-at-7000-Big-Round-Number.jpg\" alt=\"FTSE 100 Daily Chart Bull Surprise at 7000 Big Round Number\" class=\"wp-image-154818\" title=\"\" srcset=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2022\/06\/FTSE-100-Bull-Surprise-at-7000-Big-Round-Number.jpg 1920w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2022\/06\/FTSE-100-Bull-Surprise-at-7000-Big-Round-Number-300x169.jpg 300w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2022\/06\/FTSE-100-Bull-Surprise-at-7000-Big-Round-Number-680x383.jpg 680w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2022\/06\/FTSE-100-Bull-Surprise-at-7000-Big-Round-Number-768x432.jpg 768w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2022\/06\/FTSE-100-Bull-Surprise-at-7000-Big-Round-Number-1536x864.jpg 1536w\" sizes=\"auto, (max-width: 1920px) 100vw, 1920px\" \/><\/a><figcaption>FTSE 100 Bull Surprise at 7000 Big Round Number<\/figcaption><\/figure>\n\n\n\n<ul class=\"wp-block-list\"><li>The <a href=\"https:\/\/www.londonstockexchange.com\/indices\/ftse-100\" target=\"_blank\" rel=\"noreferrer noopener\">FTSE 100 futures<\/a> on Friday was a bull surprise bar closing on its high so we might gap up on Monday.<\/li><li>The bulls see a double bottom and the High 2 buy setup at the bottom of a trading range was a high probability trade.<\/li><li>Bulls want a follow-through bar to move back up to the upper part of the range. They look left and see the strong bull reversals from these prices and will expect another push-up. <strong>But did we switch to always in long?<\/strong><\/li><li>The size of the bar suggests that bears were buying back shorts as well as bulls buying so they might sell right away.<\/li><li>So even though always in traders exited, they will likely still look to get short unless there is follow-through long.<\/li><li>The bulls know we are still below the moving average and after so many bars below the average bears will sell above there.<\/li><li>The bears see the tight bear channel and expect it to turn into a broad channel before going sideways. They see a second-leg trap and will wait for a pause.<\/li><li>The bull surprise bar was large enough to catch the weak\/late bears off-guard and they will look to scale in higher above the moving average.<\/li><li>They want a Low 1, or a moving average gap bar to sell below.<\/li><li>But trading ranges are disappointing and so we might get follow-through back to at least the middle of the range, before strong bears will scale in again, knowing the math is better there.<\/li><li>Expect sideways to up next week.<\/li><\/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 The\u00a0FTSE futures market reversed up strongly with a bull surprise bar at support. It was the end of a measured move for the bears and you can see how quickly they exited. We said last week we would end up back at this magnet of a tight trading range, so [&hellip;]<\/p>\n","protected":false},"author":10339,"featured_media":154813,"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":[1699,1392],"class_list":{"0":"post-154751","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":"tag-surprise-bar","11":"entry","12":"override","13":"shadow"},"featured_image_src":"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2022\/06\/FTSE-Bull-Surprise-Bar-at-Support-1.jpg","author_info":{"display_name":"Timothy","author_link":"https:\/\/www.brookstradingcourse.com\/pt-br\/author\/timfairweathercagmail-com\/"},"_links":{"self":[{"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/posts\/154751","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/users\/10339"}],"replies":[{"embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/comments?post=154751"}],"version-history":[{"count":0,"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/posts\/154751\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/media\/154813"}],"wp:attachment":[{"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/media?parent=154751"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/categories?post=154751"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/tags?post=154751"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}