{"id":178139,"date":"2023-05-13T07:00:00","date_gmt":"2023-05-13T14:00:00","guid":{"rendered":"https:\/\/www.brookstradingcourse.com\/?p=178139"},"modified":"2023-05-13T03:01:21","modified_gmt":"2023-05-13T10:01:21","slug":"ftse-100-bull-flag","status":"publish","type":"post","link":"https:\/\/www.brookstradingcourse.com\/pt-br\/analysis\/ftse-100-bull-flag\/","title":{"rendered":"FTSE 100 Bull Flag, LH DT, High 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 formed a FTSE 100 bull flag with a lower high double top (LH DT). The price moved lower, but the tails tell us bears were scalping and ran into the scale-in bulls. After a strong micro channel, traders bought below the low and will buy 50%, expecting a test of the high. Bears need one more bar to turn it into a trading range &#8211; preferably closing below the MA. Now three bear bars, so they should get a second leg.<\/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\/05\/FTSE-100-Bull-Flag-LH-DT-High-in-a-Trading-Range.jpg\"><img loading=\"lazy\" decoding=\"async\" width=\"1920\" height=\"1080\" src=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/05\/FTSE-100-Bull-Flag-LH-DT-High-in-a-Trading-Range.jpg\" alt=\"FTSE 100 Bull Flag, LH DT, High in a Trading Range\" class=\"wp-image-178209\" title=\"\" srcset=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/05\/FTSE-100-Bull-Flag-LH-DT-High-in-a-Trading-Range.jpg 1920w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/05\/FTSE-100-Bull-Flag-LH-DT-High-in-a-Trading-Range-300x169.jpg 300w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/05\/FTSE-100-Bull-Flag-LH-DT-High-in-a-Trading-Range-680x383.jpg 680w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/05\/FTSE-100-Bull-Flag-LH-DT-High-in-a-Trading-Range-768x432.jpg 768w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/05\/FTSE-100-Bull-Flag-LH-DT-High-in-a-Trading-Range-1536x864.jpg 1536w\" sizes=\"auto, (max-width: 1920px) 100vw, 1920px\" \/><\/a><figcaption class=\"wp-element-caption\">FTSE 100 Bull Flag, LH DT, High in a Trading Range<\/figcaption><\/figure>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Last week, the <a href=\"https:\/\/www.londonstockexchange.com\/indices\/ftse-100\" target=\"_blank\" rel=\"noreferrer noopener\">FTSE 100 futures<\/a> was a small bear bar, in a possible bull flag.<\/li>\n\n\n\n<li>The bar closed in its upper half so that some computers will see it as a bull bar.<\/li>\n\n\n\n<li>For the bulls, it is a bull flag, a pullback after a strong leg up from the 100-Week MA. It is also a Micro DB. Both bars failed to close below the MA, a sign of strong bulls.<\/li>\n\n\n\n<li>After a 5-bar bull, micro channel traders have a high probability of trade buying below its low and a 50% pullback.<\/li>\n\n\n\n<li>The bears see a LH DT, a possible head and shoulders top, and want to break below the neckline for a measured move down.<\/li>\n\n\n\n<li>The bulls want a High 1 buy, but it is a lower probability after a bear bar. Two consecutive bull bars would be needed to convince traders.<\/li>\n\n\n\n<li>Bears want an outside down bar &#8211; to trap bulls in above and then reverse down strongly, closing on its low. Their first target will be closing the gaps below.<\/li>\n\n\n\n<li>Closed gaps are a sign of a trading range. The bulls want to keep them open to convince the traders that the break above the 18-month trading range is still viable and move higher.<\/li>\n\n\n\n<li>But three consecutive bear bars are disappointing. Now the bears might get a second leg as well. If bulls need a second leg and bears need a second leg, we will probably form a triangle.<\/li>\n\n\n\n<li>The prior week was a good bear reversal bar that trapped bulls above, creating a resistance layer above the highs.<\/li>\n\n\n\n<li>The prior week was a climax bar, and we said the following bar had a high chance of being an inside bar, which it nearly was.<\/li>\n\n\n\n<li>We can expect volatility expansion in the next two weeks.<\/li>\n\n\n\n<li>Expect sideways to down 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\/05\/FTSE-100-Triangle-Between-the-MAs-Near-a-50-Pullback.jpg\"><img loading=\"lazy\" decoding=\"async\" width=\"1920\" height=\"1080\" src=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/05\/FTSE-100-Triangle-Between-the-MAs-Near-a-50-Pullback.jpg\" alt=\"FTSE 100 Triangle, Between the MAs, Near a 50% Pullback\" class=\"wp-image-178215\" title=\"\" srcset=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/05\/FTSE-100-Triangle-Between-the-MAs-Near-a-50-Pullback.jpg 1920w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/05\/FTSE-100-Triangle-Between-the-MAs-Near-a-50-Pullback-300x169.jpg 300w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/05\/FTSE-100-Triangle-Between-the-MAs-Near-a-50-Pullback-680x383.jpg 680w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/05\/FTSE-100-Triangle-Between-the-MAs-Near-a-50-Pullback-768x432.jpg 768w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/05\/FTSE-100-Triangle-Between-the-MAs-Near-a-50-Pullback-1536x864.jpg 1536w\" sizes=\"auto, (max-width: 1920px) 100vw, 1920px\" \/><\/a><figcaption class=\"wp-element-caption\">FTSE 100 Triangle, Between the MAs, Near a 50% Pullback<\/figcaption><\/figure>\n\n\n\n<ul class=\"wp-block-list\">\n<li>The <a href=\"https:\/\/www.londonstockexchange.com\/indices\/ftse-100\" target=\"_blank\" rel=\"noreferrer noopener\">FTSE 100 futures<\/a> daily was an inside bar on Friday which is breakout mode. <\/li>\n\n\n\n<li>In BOM, the first breakout fails 50% of the time. So most traders should wait for strong consecutive bars above\/below the moving average for guidance.<\/li>\n\n\n\n<li>The bulls see a strong micro channel testing the breakout point from the 3-month bull trend. Once they closed the gap, the price turned down.<\/li>\n\n\n\n<li>The bears see a bear surprise and a deep sell climax. The test of the breakout point confirms the move for the bears.<\/li>\n\n\n\n<li>When there are two equally reasonable moves, it is a trading range.<\/li>\n\n\n\n<li>Also, that the pullbacks are larger than 60% increases the chance of a trading range.<\/li>\n\n\n\n<li>It&#8217;s a possible bull flag on the weekly chart which will reduce sellers below bars.<\/li>\n\n\n\n<li>The outside down bar on May 2<sup>nd<\/sup> should have been support as it broke well above the previous bar. But it failed. So now there is resistance at that level. <\/li>\n\n\n\n<li>The High 2 will probably fail above it and reverse down now. But the probability is typically 50% at best in the middle of a trading range.<\/li>\n\n\n\n<li>It&#8217;s a triangle pattern and an ioi &#8211; inside-outside-inside pattern between the moving averages. So it is breakout mode (BOM.)<\/li>\n\n\n\n<li>Both moving averages are flat, so expect more tight trading range price action (TTR) next week.<\/li>\n\n\n\n<li>Thursday and Friday form a strong reversal pattern &#8211; on Wednesday, the bulls bought above Tuesday and got trapped.<\/li>\n\n\n\n<li>TTRs can also get strong moves, but they have a high chance of failing &#8211; look to see if Monday is unreasonably strong to fade.<\/li>\n\n\n\n<li>A bull flag can often have a failed breakout below before a strong move up.<\/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 formed a FTSE 100 bull flag with a lower high double top (LH DT). The price moved lower, but the tails tell us bears were scalping and ran into the scale-in bulls. After a strong micro channel, traders bought below the low and will buy 50%, expecting [&hellip;]<\/p>\n","protected":false},"author":10339,"featured_media":178209,"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":[1345,1699,84],"class_list":{"0":"post-178139","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-flag","10":"tag-ftse-100","11":"tag-trading-range","12":"entry","13":"override","14":"shadow"},"featured_image_src":"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/05\/FTSE-100-Bull-Flag-LH-DT-High-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\/178139","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=178139"}],"version-history":[{"count":0,"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/posts\/178139\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/media\/178209"}],"wp:attachment":[{"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/media?parent=178139"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/categories?post=178139"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/tags?post=178139"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}