{"id":168888,"date":"2023-01-21T07:00:00","date_gmt":"2023-01-21T15:00:00","guid":{"rendered":"https:\/\/www.brookstradingcourse.com\/?p=168888"},"modified":"2023-01-21T22:53:41","modified_gmt":"2023-01-22T06:53:41","slug":"ftse-100-breakout-pullback","status":"publish","type":"post","link":"https:\/\/www.brookstradingcourse.com\/pt-br\/analysis\/ftse-100-breakout-pullback\/","title":{"rendered":"FTSE 100 Breakout Pullback, Always in Long"},"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 was a bear bar last week. It was a FTSE 100 breakout pullback bar just below the All-Time High. Most traders were expecting to reach the measured move target above and possibly the All-Time High. Bears were expecting to sell the highs of the range and now have a bear bar. But after such a strong move it is more likely we are going a little higher after a pullback. <\/p>\n\n\n\n<p>If you&#8217;re confused, don&#8217;t worry, we have been in a trading range for over a year, and most breakout attempts fail. Traders should be looking for good signal bars, reasonable follow-through and use correct stops to manage risk.<\/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\/2023\/01\/FTSE-100-Breakout-and-Pullback-Always-in-Long.jpg\"><img loading=\"lazy\" decoding=\"async\" width=\"1920\" height=\"1080\" src=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/01\/FTSE-100-Breakout-and-Pullback-Always-in-Long.jpg\" alt=\"FTSE 100 Breakout Pullback, Always in Long\" class=\"wp-image-169011\" title=\"\" srcset=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/01\/FTSE-100-Breakout-and-Pullback-Always-in-Long.jpg 1920w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/01\/FTSE-100-Breakout-and-Pullback-Always-in-Long-300x169.jpg 300w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/01\/FTSE-100-Breakout-and-Pullback-Always-in-Long-680x383.jpg 680w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/01\/FTSE-100-Breakout-and-Pullback-Always-in-Long-768x432.jpg 768w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/01\/FTSE-100-Breakout-and-Pullback-Always-in-Long-1536x864.jpg 1536w\" sizes=\"auto, (max-width: 1920px) 100vw, 1920px\" \/><\/a><figcaption class=\"wp-element-caption\">FTSE 100 Breakout and Pullback, Always in Long<\/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 small bear bar with tails above and below, a breakout and pullback (a breakout pullback).<\/li>\n\n\n\n<li>Bulls see a breakout, follow-through, and a pullback test to the Nov 28<sup>th<\/sup> or Feb 7<sup>th<\/sup> high. We did not fully test either yet, so some bulls might wait for confirmation before going long again.<\/li>\n\n\n\n<li>Buying in bull channels transitions from buying above to buying below, and we might have transitioned already.<\/li>\n\n\n\n<li>The bulls have seen a tight bull channel since October, which is the second leg. They want the third leg to make a much higher high above this range and get closer to the All-Time High.<\/li>\n\n\n\n<li>The bears see a pullback and want the breakout to fail. They want a bear bar next week to short a higher high: A reversal and follow-through. They know they probably won&#8217;t get a strong sell signal.<\/li>\n\n\n\n<li>So some bears will wait for the resumption and trade that to fail.<\/li>\n\n\n\n<li>It&#8217;s a bear bar, so it is a possible sell signal, but low probability after two consecutive bear bars. Some bears will sell and sell again higher, but most traders should wait for a second bear bar or a break of a bull trend line.<\/li>\n\n\n\n<li>Although it is reasonable to sell above highs in a bull channel, most traders should only buy when always in long.<\/li>\n\n\n\n<li>Trading ranges tend to overshoot breakout points, so even if we trade below the Nov 28<sup>th<\/sup> high, it can still be a test to go higher.<\/li>\n\n\n\n<li>The bulls want to reach a measured move target just above. There are two of them. If we start to pull back strongly, some bulls will give up, not willing to keep the same risk for a marginal reward.<\/li>\n\n\n\n<li>It is a trading range to the left, and trading ranges are disappointing. The bulls want to leave this range and see we have had at least 4 attempts so far. <\/li>\n\n\n\n<li>But it always looks bullish at the top of a trading range and bearish down the bottom.<\/li>\n\n\n\n<li>Bulls might exit below the bear bar last week and can look to guy again on trend resumption.<\/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\/2023\/01\/FTSE-100-Tight-Bull-Channel-Pullback-to-the-MA.jpg\"><img loading=\"lazy\" decoding=\"async\" width=\"1920\" height=\"1080\" src=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/01\/FTSE-100-Tight-Bull-Channel-Pullback-to-the-MA.jpg\" alt=\"FTSE 100 Tight Bull Channel, Pullback to the MA\" class=\"wp-image-169017\" title=\"\" srcset=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/01\/FTSE-100-Tight-Bull-Channel-Pullback-to-the-MA.jpg 1920w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/01\/FTSE-100-Tight-Bull-Channel-Pullback-to-the-MA-300x169.jpg 300w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/01\/FTSE-100-Tight-Bull-Channel-Pullback-to-the-MA-680x383.jpg 680w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/01\/FTSE-100-Tight-Bull-Channel-Pullback-to-the-MA-768x432.jpg 768w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/01\/FTSE-100-Tight-Bull-Channel-Pullback-to-the-MA-1536x864.jpg 1536w\" sizes=\"auto, (max-width: 1920px) 100vw, 1920px\" \/><\/a><figcaption class=\"wp-element-caption\">FTSE 100 Tight Bull Channel, Pullback to the MA<\/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 small bull bar closing just above the moving average (MA.)<\/li>\n\n\n\n<li>The bulls saw a tight bull channel and expected a pullback. So they see last week&#8217;s three bear bars as a pullback to the moving average. <\/li>\n\n\n\n<li>The acceleration over the past few weeks has been increasing, and a test of the breakout points for a move higher is reasonable.<\/li>\n\n\n\n<li>The bears see a late acceleration in a bull trend as a sign of a climax and a possible reversal. The bears got a scalp back to the moving average. Some bears took the low probability reversal and just exited at 2:1.<\/li>\n\n\n\n<li>Most traders will wait for 2 legs, sideways to down, corrective legs, before trying to structure a trade.<\/li>\n\n\n\n<li>The bulls want to remain above the prior breakout points, even a bar below the moving average, before buying. They have been buying above average for many bars, so this is a chance to buy at a lower price.<\/li>\n\n\n\n<li>Some bears see Thursday as a surprise bar; it was surprisingly big in a tight bull channel. That means some bulls are trapped above, and we might race up to let them out before going sideways.<\/li>\n\n\n\n<li>Traps trap both sides. Here, trapping bulls into a bad long, trapping bears out of a short.<\/li>\n\n\n\n<li>The bears want some kind of micro DT, double top to sell, but it is more likely a scalp.<\/li>\n\n\n\n<li>Because we have a magnet above the All-Time High, some traders expect to reach there briefly. But because it is a trading range, and trading ranges are disappointing, the bears want an endless pullback to force the bulls to buy too high.<\/li>\n\n\n\n<li>The best the bears can get is likely a trading range and not a bear trend. So bears will scalp and bulls will buy and buy lower, betting we will get back up here so they can make a profit on their second entry and breakeven on their first.<\/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 was a bear bar last week. It was a FTSE 100 breakout pullback bar just below the All-Time High. Most traders were expecting to reach the measured move target above and possibly the All-Time High. Bears were expecting to sell the highs of the range and now [&hellip;]<\/p>\n","protected":false},"author":10339,"featured_media":169011,"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":[130,1699],"class_list":{"0":"post-168888","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-ftse-100","8":"category-analysis","9":"tag-failed-bull-breakout","10":"tag-ftse-100","11":"entry","12":"override","13":"shadow"},"featured_image_src":"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/01\/FTSE-100-Breakout-and-Pullback-Always-in-Long.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\/168888","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=168888"}],"version-history":[{"count":0,"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/posts\/168888\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/media\/169011"}],"wp:attachment":[{"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/media?parent=168888"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/categories?post=168888"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/tags?post=168888"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}