{"id":161081,"date":"2022-09-24T07:00:00","date_gmt":"2022-09-24T14:00:00","guid":{"rendered":"https:\/\/www.brookstradingcourse.com\/?p=161081"},"modified":"2022-09-24T02:39:41","modified_gmt":"2022-09-24T09:39:41","slug":"ftse-100-trendline-break","status":"publish","type":"post","link":"https:\/\/www.brookstradingcourse.com\/pt-br\/analysis\/ftse-100-trendline-break\/","title":{"rendered":"FTSE 100 Trendline Break, Low in Trading Range"},"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 moved down strongly with a bear bar closing near its low on the weekly chart. It is a long-term FTSE 100 trendline break and could signal a larger move down in the medium term. Bulls have been buying here for over 12 months and making money so limit bulls will likely step in again. A reversal next week could setup a higher low major trend reversal back into the range. Bears want a break or breakout test for a measured move down. Even if they get another leg, it could setup a wedge bottom buy signal for the bulls which could be a great long-term swing trade.<\/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 is-resized\"><a href=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2022\/09\/FTSE-100-Weekly-Trendline-Break-Low-in-a-Trading-Range.jpg\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2022\/09\/FTSE-100-Weekly-Trendline-Break-Low-in-a-Trading-Range.jpg\" alt=\"FTSE 100 Weekly Trendline Break, Low in a Trading Range\" class=\"wp-image-161145\" width=\"702\" height=\"394\" title=\"\" srcset=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2022\/09\/FTSE-100-Weekly-Trendline-Break-Low-in-a-Trading-Range.jpg 1920w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2022\/09\/FTSE-100-Weekly-Trendline-Break-Low-in-a-Trading-Range-300x169.jpg 300w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2022\/09\/FTSE-100-Weekly-Trendline-Break-Low-in-a-Trading-Range-680x383.jpg 680w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2022\/09\/FTSE-100-Weekly-Trendline-Break-Low-in-a-Trading-Range-768x432.jpg 768w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2022\/09\/FTSE-100-Weekly-Trendline-Break-Low-in-a-Trading-Range-1536x864.jpg 1536w\" sizes=\"auto, (max-width: 702px) 100vw, 702px\" \/><\/a><figcaption><strong>FTSE 100 Weekly: Trendline Break, Low in a Trading Range<\/strong><\/figcaption><\/figure>\n\n\n\n<ul class=\"wp-block-list\"><li>The <a href=\"https:\/\/www.investing.com\/indices\/uk-100-futures\" target=\"_blank\" rel=\"noreferrer noopener\">FTSE 100 futures<\/a> was a bear bar closing near its low so we might gap down on Monday.<\/li><li>It is also the second consecutive bear bar closing near its low so we might get another leg down.<\/li><li>For the bulls, they expected 2 legs sideways to down after a 5-bar tight bull micro channel. But it was a lower high with June so traders sold strongly high in the range where the math was good.<\/li><li>The bulls also see a breakout test of the trading range below and a tight trading range for many months so it is a magnet.<\/li><li>The bears see we are always in short again low in the trading range at support and breaking below the 100-week moving average. <\/li><li>It has been over 50 weeks since the bears were able to get a gap bar below this moving average so it is a reasonable long-term buy signal. <\/li><li>The bears want a break below here with a close below June and then March to signal the move. But we didn&#8217;t break below June so it might not be as bearish as it seems yet.<\/li><li>The bulls want a reversal bar like in March &#8211; trading below Mon\/Tue and then finishing the week on its high for a reasonable buy setup. However, after 22 strong bear bars, it might be better to wait for a second buy signal which has a higher probability.<\/li><li>If you trade always in, better to be flat or short. Stop-entry bulls need a buy signal but limit-order bulls can buy below the bar betting 80% of breakouts fail. Targets below. <\/li><li>Because it is a nearly 2-year trendline break we can expect to test the breakout point and maybe even the extreme or the lower high before making the move down.<\/li><li>Luckily for the bulls, the bears&#8217; stop is far away and they might not want to risk that much just yet. Even if they get a 3<sup>rd<\/sup> leg it could form a wedge bottom, low in a trading range which is a high-probability buy setup.<\/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 is-resized\"><a href=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2022\/09\/FTSE-100-Daily-Bear-Breakout-and-Lower-Low.jpg\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2022\/09\/FTSE-100-Daily-Bear-Breakout-and-Lower-Low.jpg\" alt=\"FTSE 100 Daily Bear Breakout and Lower Low\" class=\"wp-image-161148\" width=\"702\" height=\"394\" title=\"\" srcset=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2022\/09\/FTSE-100-Daily-Bear-Breakout-and-Lower-Low.jpg 1920w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2022\/09\/FTSE-100-Daily-Bear-Breakout-and-Lower-Low-300x169.jpg 300w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2022\/09\/FTSE-100-Daily-Bear-Breakout-and-Lower-Low-680x383.jpg 680w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2022\/09\/FTSE-100-Daily-Bear-Breakout-and-Lower-Low-768x432.jpg 768w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2022\/09\/FTSE-100-Daily-Bear-Breakout-and-Lower-Low-1536x864.jpg 1536w\" sizes=\"auto, (max-width: 702px) 100vw, 702px\" \/><\/a><figcaption><strong>FTSE 100 Daily: Bear Breakout and Lower Low<\/strong><\/figcaption><\/figure>\n\n\n\n<ul class=\"wp-block-list\"><li>The <a href=\"https:\/\/www.investing.com\/indices\/uk-100-futures\" target=\"_blank\" rel=\"noreferrer noopener\">FTSE 100 futures<\/a> was a bear bar closing near its low on Friday so we might gap down on Monday.<\/li><li>It is the 8<sup>th<\/sup> consecutive bear bar so it is a tight bear channel and most traders should not buy. It is the 5<sup>th<\/sup> consecutive bear bar without a bar going above its high, so the first reversal will likely be minor.<\/li><li>The bulls see a sell climax and possible double bottom with July. They see a possible higher low, major trend reversal and will look to buy a High 1 or second-entry High 2 low in the trading range for a move back up. They know that 80% of breakouts fail.<\/li><li>The bears see a tight bear channel and a breakout, so will look for a measured move at first from the lower high, which is around the March lows. But we will not necessarily go straight down.<\/li><li>The bears want a follow-through bar but the risk is big so they might wait to sell above a pullback bar and a Low 1 signal or Low 2.<\/li><li>The bulls know we are far below the moving average and might have moved too quickly so they can take a reasonable scalp back up to the moving average with a good buy signal. Most traders should wait for more information.<\/li><li>Its a trading range for many months so no matter how bearish it looks at the bottom it could be a sell vacuum test of the lows and favors buying down here.<\/li><li>Its a higher time frame trendline break so we might need to retrace briefly before continuing down for another leg.<\/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 moved down strongly with a bear bar closing near its low on the weekly chart. It is a long-term FTSE 100 trendline break and could signal a larger move down in the medium term. Bulls have been buying here for over 12 months and making money so [&hellip;]<\/p>\n","protected":false},"author":10339,"featured_media":161145,"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-161081","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\/2022\/09\/FTSE-100-Weekly-Trendline-Break-Low-in-a-Trading-Range.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\/161081","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=161081"}],"version-history":[{"count":0,"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/posts\/161081\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/media\/161145"}],"wp:attachment":[{"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/media?parent=161081"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/categories?post=161081"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/tags?post=161081"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}