{"id":159153,"date":"2022-08-27T07:00:00","date_gmt":"2022-08-27T14:00:00","guid":{"rendered":"https:\/\/www.brookstradingcourse.com\/?p=159153"},"modified":"2022-08-27T00:41:35","modified_gmt":"2022-08-27T07:41:35","slug":"ftse-100-lower-high-mtr","status":"publish","type":"post","link":"https:\/\/www.brookstradingcourse.com\/pt-br\/analysis\/ftse-100-lower-high-mtr\/","title":{"rendered":"FTSE 100 Lower High, Major Trend Reversal"},"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 down strongly with a bear surprise and a possible FTSE 100 lower high major trend reversal on the weekly chart. The bulls reached a measured move on the daily chart and traders expected a pullback. It wasn&#8217;t a great sell signal on the weekly chart, a bull doji, so we might need to pullback here at some point. Although it is a bear surprise bar we are right in the middle of a trading range and we might need another down week to switch to always in short.<\/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\/08\/FTSE-100-Lower-High-Major-Trend-Reversal.jpg\"><img loading=\"lazy\" decoding=\"async\" width=\"1920\" height=\"1080\" src=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2022\/08\/FTSE-100-Lower-High-Major-Trend-Reversal.jpg\" alt=\"FTSE 100 Lower High, Major Trend Reversal\" class=\"wp-image-159215\" title=\"\" srcset=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2022\/08\/FTSE-100-Lower-High-Major-Trend-Reversal.jpg 1920w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2022\/08\/FTSE-100-Lower-High-Major-Trend-Reversal-300x169.jpg 300w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2022\/08\/FTSE-100-Lower-High-Major-Trend-Reversal-680x383.jpg 680w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2022\/08\/FTSE-100-Lower-High-Major-Trend-Reversal-768x432.jpg 768w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2022\/08\/FTSE-100-Lower-High-Major-Trend-Reversal-1536x864.jpg 1536w\" sizes=\"auto, (max-width: 1920px) 100vw, 1920px\" \/><\/a><figcaption>FTSE 100 Lower High, Major Trend Reversal<\/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> weekly chart was a big bear surprise bar closing on it&#8217;s low, so we might gap down on Monday.<\/li><li>For the bears, it&#8217;s a lower high, a major trend reversal. We reversed the past 3 bull bars so it is likely we will go a little bit lower next week.<\/li><li>It was a Low 2 sell trading below last week and bears sold it strongly into Friday.<\/li><li>But the bulls see we have a small gap three weeks ago so it is not as bearish as it could be.<\/li><li>For the bulls, it&#8217;s a pullback in a bull spike and channel and we just finished the second leg. <\/li><li>The bears want a consecutive bear bar closing below its midpoint so we can switch to always in short. It&#8217;s a strong bear bar which is a reasonable sell signal to trade with a stop above last week&#8217;s doji.<\/li><li>Both traders know we are right back at the tight trading range from May which was a magnet. <\/li><li>We have been saying for many months that we might oscillate around this point, it could be the middle of an ongoing trading range for the rest of the year.<\/li><li>The bulls want a doji or a bull bar with a big tail below closing on its high for a possible High 2 buy above. But it&#8217;s a bad buy signal right now so most traders short be flat or short.<\/li><li>At the top of the trading range, most traders should exit longs and look to sell short.<\/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\/08\/FTSE-100-Bear-Surprise-at-Measured-Move-Target.jpg\"><img loading=\"lazy\" decoding=\"async\" width=\"1920\" height=\"1080\" src=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2022\/08\/FTSE-100-Bear-Surprise-at-Measured-Move-Target.jpg\" alt=\"FTSE 100 Bear Surprise at Measured-Move Target\" class=\"wp-image-159218\" title=\"\" srcset=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2022\/08\/FTSE-100-Bear-Surprise-at-Measured-Move-Target.jpg 1920w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2022\/08\/FTSE-100-Bear-Surprise-at-Measured-Move-Target-300x169.jpg 300w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2022\/08\/FTSE-100-Bear-Surprise-at-Measured-Move-Target-680x383.jpg 680w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2022\/08\/FTSE-100-Bear-Surprise-at-Measured-Move-Target-768x432.jpg 768w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2022\/08\/FTSE-100-Bear-Surprise-at-Measured-Move-Target-1536x864.jpg 1536w\" sizes=\"auto, (max-width: 1920px) 100vw, 1920px\" \/><\/a><figcaption>FTSE 100 Bear Surprise at Measured-Move Target<\/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 bear bar closing on its low so we might gap down on Monday.<\/li><li>For the bulls, it&#8217;s a pullback after an extended bull channel and a small pullback bull trend. It&#8217;s a moving average gap buy setup, when there is a bar completely below the moving average. But it&#8217;s not there yet.<\/li><li>For the bears, it&#8217;s a lower high and a reversal down from a measured move target, a minor trend reversal and a 50% pullback sell below Thursday.<\/li><li>The bears want a close below Wednesday for a measured-move down. They need a consecutive bear bar to convince traders we are always in short.<\/li><li>But we are right in the middle of a trading range and most traders want to buy low, sell high and scalp (BLSHS.) Big bars are a big risk and it might be too much risk for traders to sell there.<\/li><li>The bulls want a reversal bar to buy above, closing above its midpoint setting up a High 2 buy and moving average gap bar pullback which is a reasonable trade in a bull trend.<\/li><li>But the context is difficult because we are in the middle of the trading range<\/li><li>More likely we trade sideways to down next week with two more possible legs.<\/li><li>Bulls might look for a wedge bottom, and buy the third leg down above a strong reversal bar and scale in lower. <\/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 down strongly with a bear surprise and a possible FTSE 100 lower high major trend reversal on the weekly chart. The bulls reached a measured move on the daily chart and traders expected a pullback. It wasn&#8217;t a great sell signal on the weekly chart, a [&hellip;]<\/p>\n","protected":false},"author":10339,"featured_media":159215,"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":[1699,1394],"class_list":{"0":"post-159153","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-lower-high-major-trend-reversal","11":"entry","12":"override","13":"shadow"},"featured_image_src":"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2022\/08\/FTSE-100-Lower-High-Major-Trend-Reversal.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\/159153","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=159153"}],"version-history":[{"count":0,"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/posts\/159153\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/media\/159215"}],"wp:attachment":[{"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/media?parent=159153"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/categories?post=159153"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/tags?post=159153"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}