{"id":175357,"date":"2023-04-08T07:00:00","date_gmt":"2023-04-08T14:00:00","guid":{"rendered":"https:\/\/www.brookstradingcourse.com\/?p=175357"},"modified":"2023-04-08T22:51:47","modified_gmt":"2023-04-09T05:51:47","slug":"ftse-breakout-to-sell-climax-high","status":"publish","type":"post","link":"https:\/\/www.brookstradingcourse.com\/pt-br\/analysis\/ftse-breakout-to-sell-climax-high\/","title":{"rendered":"FTSE 100 Bull Breakout to Sell Climax High"},"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 big bull breakout and follow-through. We are testing with breakout to sell climax high where trend trading bulls were expecting a move up. They got trapped and now we might let them out. Though the bars are so strong some might hold for a test of the high. The bears expect a second leg down after such a strong surprise but might have to wait to get it.<\/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\/04\/FTSE-100-Bull-Breakout-Back-at-the-Sell-Climax-High.jpg\"><img loading=\"lazy\" decoding=\"async\" width=\"1920\" height=\"1080\" src=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/04\/FTSE-100-Bull-Breakout-Back-at-the-Sell-Climax-High.jpg\" alt=\"FTSE 100 Big Bull Breakout to Sell Climax High\" class=\"wp-image-175503\" title=\"\" srcset=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/04\/FTSE-100-Bull-Breakout-Back-at-the-Sell-Climax-High.jpg 1920w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/04\/FTSE-100-Bull-Breakout-Back-at-the-Sell-Climax-High-300x169.jpg 300w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/04\/FTSE-100-Bull-Breakout-Back-at-the-Sell-Climax-High-680x383.jpg 680w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/04\/FTSE-100-Bull-Breakout-Back-at-the-Sell-Climax-High-768x432.jpg 768w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/04\/FTSE-100-Bull-Breakout-Back-at-the-Sell-Climax-High-1536x864.jpg 1536w\" sizes=\"auto, (max-width: 1920px) 100vw, 1920px\" \/><\/a><figcaption class=\"wp-element-caption\">FTSE 100 Bull Breakout Back at the Sell Climax High<\/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> traded higher last week with a bull bar closing on its high so we might gap up on Monday.<\/li>\n\n\n\n<li>It is the second consecutive bull bar, so a bull breakout and follow through.<\/li>\n\n\n\n<li>The bar closed above the moving average, which was likely considering only 2 of the past 20 bars have closed below.<\/li>\n\n\n\n<li>Bulls were willing to buy above the MA for so long, and it was a high probability to buy around March 20<sup>th <\/sup>for a move back up.<\/li>\n\n\n\n<li><a href=\"https:\/\/www.brookstradingcourse.com\/analysis\/ftse-100-failed-breakout\/\" target=\"_blank\" rel=\"noreferrer noopener\">We said last week that there could be<\/a> sellers above the high of the bull doji, and there were. What we didn&#8217;t expect were so many more buyers! <\/li>\n\n\n\n<li>There is a strong open gap from this week&#8217;s low to the high two weeks ago. We are likely always in long and still on the swing buy from October.<\/li>\n\n\n\n<li>Bulls bought the MA and scaled in lower on the close of the doji &#8211; you can see a total lack of selling from the open of 2 weeks ago. <\/li>\n\n\n\n<li>The bulls that got stuck on Feb 27<sup>th<\/sup> bought the close of the doji and were at breakeven before last week opened. But they didn&#8217;t exit positions back at the moving average.<\/li>\n\n\n\n<li>Some bears sold the high of that doji and are now trapped. The market may let them out with a small second leg from the March move down. <\/li>\n\n\n\n<li>Bears will expect at least a bear bar, perhaps around the low of March 6<sup>th &#8211; <\/sup>a surprise sell-off where bulls got stuck.<\/li>\n\n\n\n<li>Some bears see this as a failed breakout above a trading range &#8211; a type of expanding triangle that will sell higher, taking a 2nd entry short or scale in above big bear bars.<\/li>\n\n\n\n<li>Bulls see it as a bull breakout, a strong trend and a 50% pullback from Oct 10<sup>th.<\/sup><\/li>\n\n\n\n<li>Bulls want the second leg sideways to up, and they will likely get it with a strong gap and consecutive bull bars closing above the MA.<\/li>\n\n\n\n<li>Bears will also expect a second leg &#8211; the bear micro channel was so tight it was reasonable to sell above the doji on March 20th and scale in higher.<\/li>\n\n\n\n<li>Traders should 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\/2023\/04\/FTSE-100-Renewed-Bull-Strength-at-Sell-Climax-High.jpg\"><img loading=\"lazy\" decoding=\"async\" width=\"1920\" height=\"1080\" src=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/04\/FTSE-100-Renewed-Bull-Strength-at-Sell-Climax-High.jpg\" alt=\"FTSE 100 Renewed Bull Strength at Sell Climax High\" class=\"wp-image-175507\" title=\"\" srcset=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/04\/FTSE-100-Renewed-Bull-Strength-at-Sell-Climax-High.jpg 1920w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/04\/FTSE-100-Renewed-Bull-Strength-at-Sell-Climax-High-300x169.jpg 300w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/04\/FTSE-100-Renewed-Bull-Strength-at-Sell-Climax-High-680x383.jpg 680w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/04\/FTSE-100-Renewed-Bull-Strength-at-Sell-Climax-High-768x432.jpg 768w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/04\/FTSE-100-Renewed-Bull-Strength-at-Sell-Climax-High-1536x864.jpg 1536w\" sizes=\"auto, (max-width: 1920px) 100vw, 1920px\" \/><\/a><figcaption class=\"wp-element-caption\">FTSE 100 Renewed Bull Strength at Sell Climax High<\/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> traded higher with a strong bull bar closing on its high on Friday, so we might gap up on Monday.<\/li>\n\n\n\n<li>It is consecutive bull bars closing on their highs and above the moving average. One is large, so it is likely always in long, and we broke above the prior swing high.<\/li>\n\n\n\n<li>It is a bull breakout, but the bulls will want to see follow-through on Monday to confirm a measured-move up.<\/li>\n\n\n\n<li>So why the pause last week?  Look left &#8211; it was a bear surprise, a sell climax when the bull trend line was broken and had follow-through selling instead of buying.<\/li>\n\n\n\n<li>March 9<sup>th<\/sup>, 10<sup>th<\/sup> and 13<sup>th<\/sup> were not supposed to be so strong &#8211; so it was a surprise, a low probability event and therefore traders expected a second leg sideways to down which they got.<\/li>\n\n\n\n<li>Bulls got trapped buying the Jan 25<sup>th<\/sup> swing-low scaled in lower and made money. We are right back at the give-up bear bar.<\/li>\n\n\n\n<li>Some bulls are still stuck on March 9<sup>th<\/sup> and we might let them out before the bears get their second leg down.<\/li>\n\n\n\n<li>Notice the 20-bar MA crossed the 100-bar for the first time in 4 months, which might limit buyers up here.<\/li>\n\n\n\n<li>Some traders will see the strong trend from October and trade it like a trend &#8211; but we have been sideways for nearly 3 months &#8211; all gaps have been closed, or we would expect to close.<\/li>\n\n\n\n<li>That means the strong bear gap above is a likely magnet and we might need to get there over the next 2 weeks.<\/li>\n\n\n\n<li>The bears triggered a low 1 sell on Thursday, but with such a tight bull micro channel, it was a higher probability buy zone below the low of Wednesday.<\/li>\n\n\n\n<li>If you&#8217;re confused &#8211; don&#8217;t worry &#8211; its a trading range. We had a bull breakout to an all-time high then collapsed. Then we broke a swing low and reversed back.<\/li>\n\n\n\n<li>Expect sideways to up next week but with both moving averages flat we might get limited movement.<\/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 big bull breakout and follow-through. We are testing with breakout to sell climax high where trend trading bulls were expecting a move up. They got trapped and now we might let them out. Though the bars are so strong some might hold for a test [&hellip;]<\/p>\n","protected":false},"author":10339,"featured_media":175503,"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":[1873,1699,1380],"class_list":{"0":"post-175357","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-ftse-100","8":"category-analysis","9":"tag-bull-breakout","10":"tag-ftse-100","11":"tag-sell-climax","12":"entry","13":"override","14":"shadow"},"featured_image_src":"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/04\/FTSE-100-Bull-Breakout-Back-at-the-Sell-Climax-High.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\/175357","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=175357"}],"version-history":[{"count":0,"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/posts\/175357\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/media\/175503"}],"wp:attachment":[{"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/media?parent=175357"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/categories?post=175357"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/tags?post=175357"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}