{"id":164919,"date":"2022-11-19T07:00:00","date_gmt":"2022-11-19T15:00:00","guid":{"rendered":"https:\/\/www.brookstradingcourse.com\/?p=164919"},"modified":"2022-11-20T01:07:34","modified_gmt":"2022-11-20T09:07:34","slug":"ftse-follow-through-buying","status":"publish","type":"post","link":"https:\/\/www.brookstradingcourse.com\/pt-br\/analysis\/ftse-follow-through-buying\/","title":{"rendered":"FTSE 100 Follow-Through Buying"},"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 had follow-through buying after a bear doji. The bears had a chance to sell strongly but could not prevent a second leg sideways to up. Even with a possible micro wedge, it is not a high probability trade to sell here. The bulls want a push to the previous high, but they might need a pullback and a High 1 or High 2 buy setup.<\/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\/11\/FTSE-100-Follow-Through-Buying-After-Bear-Doji-1.jpg\"><img loading=\"lazy\" decoding=\"async\" width=\"1920\" height=\"1080\" src=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2022\/11\/FTSE-100-Follow-Through-Buying-After-Bear-Doji-1.jpg\" alt=\"FTSE 100 Follow-Through Buying After Bear Doji\" class=\"wp-image-165000\" title=\"\" srcset=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2022\/11\/FTSE-100-Follow-Through-Buying-After-Bear-Doji-1.jpg 1920w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2022\/11\/FTSE-100-Follow-Through-Buying-After-Bear-Doji-1-300x169.jpg 300w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2022\/11\/FTSE-100-Follow-Through-Buying-After-Bear-Doji-1-680x383.jpg 680w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2022\/11\/FTSE-100-Follow-Through-Buying-After-Bear-Doji-1-768x432.jpg 768w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2022\/11\/FTSE-100-Follow-Through-Buying-After-Bear-Doji-1-1536x864.jpg 1536w\" sizes=\"auto, (max-width: 1920px) 100vw, 1920px\" \/><\/a><figcaption class=\"wp-element-caption\">FTSE 100 Follow-Through Buying After Bear Doji<\/figcaption><\/figure>\n\n\n\n<ul class=\"wp-block-list\">\n<li>The <a href=\"https:\/\/www.ig.com\/en\/indices\/markets-indices\/ftse-100\" target=\"_blank\" rel=\"noreferrer noopener\">FTSE 100 futures<\/a> last week was a bull bar closing above its midpoint with a small tail above. It was follow-through buying for always in traders.<\/li>\n\n\n\n<li>For the bulls, it is a 6-bar bull micro channel, so traders will expect the first bar to go below a prior bar to be a buy signal. Traders might also expect the first reversal to be minor.<\/li>\n\n\n\n<li>The bulls want this to be a spike and channel bull trend. And with 3 big consecutive bull bars closing near their highs, it has a high probability of a second leg.<\/li>\n\n\n\n<li>The bulls need to get above the Sept 13<sup>th<\/sup> high, the 3<sup>rd<\/sup> lower high since the post-COVID rally. This would convince traders we are in a trading range and not a broad bear channel.<\/li>\n\n\n\n<li>The problem for the bulls is how dramatic the bear selloffs have been from these levels. <\/li>\n\n\n\n<li>The bears see a broad bear channel and a deep pullback with lower highs. They are looking for a second entry,  a Low 2 to short below high in a trading range.<\/li>\n\n\n\n<li>But last week, the bulls got follow-through buying, and the weekly bear bar had a tail below, which means bears are not willing to swing short and buy back shorts instead.<\/li>\n\n\n\n<li>Limit bears will sell above highs, but most traders should be flat or long, waiting for a decent buy or sell signal.<\/li>\n\n\n\n<li>Trading ranges are full of disappointment, the bulls might get a buy climax bar next week and no follow-through or the bears will get another bear bar with a tail.<\/li>\n\n\n\n<li>For both sides, we are back above the moving average and in the centre of a 2-year range. On this timeframe, the probability is, at best, 50\/50.<\/li>\n\n\n\n<li>Expect sideways to up next week.<\/li>\n<\/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\/11\/FTSE-100-Sellers-Above-and-Buyers-Below.jpg\"><img loading=\"lazy\" decoding=\"async\" width=\"1920\" height=\"1080\" src=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2022\/11\/FTSE-100-Sellers-Above-and-Buyers-Below.jpg\" alt=\"FTSE 100 Sellers Above and Buyers Below\" class=\"wp-image-165005\" title=\"\" srcset=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2022\/11\/FTSE-100-Sellers-Above-and-Buyers-Below.jpg 1920w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2022\/11\/FTSE-100-Sellers-Above-and-Buyers-Below-300x169.jpg 300w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2022\/11\/FTSE-100-Sellers-Above-and-Buyers-Below-680x383.jpg 680w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2022\/11\/FTSE-100-Sellers-Above-and-Buyers-Below-768x432.jpg 768w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2022\/11\/FTSE-100-Sellers-Above-and-Buyers-Below-1536x864.jpg 1536w\" sizes=\"auto, (max-width: 1920px) 100vw, 1920px\" \/><\/a><figcaption class=\"wp-element-caption\">FTSE 100 Sellers Above and Buyers Below<\/figcaption><\/figure>\n\n\n\n<ul class=\"wp-block-list\">\n<li>The <a href=\"https:\/\/www.ig.com\/en\/indices\/markets-indices\/ftse-100\" target=\"_blank\" rel=\"noreferrer noopener\">FTSE 100 futures<\/a> was a bull bar, closing below its midpoint on Friday.<\/li>\n\n\n\n<li>It&#8217;s not a good buy, nor a great sell signal so expect more sideways to up next week.<\/li>\n\n\n\n<li>For the bulls, it was a High 2 on Friday but above a bear bar is a less reliable signal. We might need to test back down. They need stronger follow-through buying.<\/li>\n\n\n\n<li>If we test back down, that would also complete a possible wedge and a reasonable sell signal back to the moving average for the bears.<\/li>\n\n\n\n<li>The bulls see a tight bull channel and open gaps, so we are always in long. They want a break above the tight trading range price action right now and a measured move above the Sept 13<sup>th<\/sup> high.<\/li>\n\n\n\n<li>But the buying momentum has changed. Bulls are not buying new highs they are buying pullbacks below bars.<\/li>\n\n\n\n<li>The bears are selling below bars, and stop-entry traders are making money, so the bull trend is no longer that strong. A strong bull bar now is suspicious and could be a trap.<\/li>\n\n\n\n<li>The bears see a possible head and shoulders top, with the bull breakout being the left shoulder. Most traders should wait for a trend line break before attempting to sell the reversal down.<\/li>\n\n\n\n<li>With so many bars above the moving average, traders would expect more buying there. The bulls want to create a double-bottom bull flag to set up a measured move above.<\/li>\n<\/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 had follow-through buying after a bear doji. The bears had a chance to sell strongly but could not prevent a second leg sideways to up. Even with a possible micro wedge, it is not a high probability trade to sell here. The bulls want a push to [&hellip;]<\/p>\n","protected":false},"author":10339,"featured_media":165000,"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-164919","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\/11\/FTSE-100-Follow-Through-Buying-After-Bear-Doji-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\/164919","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=164919"}],"version-history":[{"count":0,"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/posts\/164919\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/media\/165000"}],"wp:attachment":[{"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/media?parent=164919"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/categories?post=164919"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/tags?post=164919"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}