{"id":178704,"date":"2023-05-20T07:00:00","date_gmt":"2023-05-20T14:00:00","guid":{"rendered":"https:\/\/www.brookstradingcourse.com\/?p=178704"},"modified":"2023-05-20T03:48:21","modified_gmt":"2023-05-20T10:48:21","slug":"ftse-100-bull-channel","status":"publish","type":"post","link":"https:\/\/www.brookstradingcourse.com\/pt-br\/analysis\/ftse-100-bull-channel\/","title":{"rendered":"FTSE 100 Bull Channel, Failed High 1 Buy"},"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 sideways in the late stage of a broad FTSE 100 bull channel. It was a failed High 1 buy above a bear micro channel, and the bears should get a little more down. The bulls want to get a second leg after a strong move up from the 200-Week MA, but it is a lower high. Next week is important as traders decide if we will get up to the all-time high (ATH) like the DAX market did last week.<\/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-style-default\"><a href=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/05\/FTSE-100-Bull-Channel-Failed-High-1-Buy.jpg\"><img loading=\"lazy\" decoding=\"async\" width=\"1920\" height=\"1080\" src=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/05\/FTSE-100-Bull-Channel-Failed-High-1-Buy.jpg\" alt=\"FTSE 100 Bull Channel Failed High 1 Buy\" class=\"wp-image-178751\" title=\"FTSE 100 Bull Channel Failed High 1 Buy\" srcset=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/05\/FTSE-100-Bull-Channel-Failed-High-1-Buy.jpg 1920w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/05\/FTSE-100-Bull-Channel-Failed-High-1-Buy-300x169.jpg 300w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/05\/FTSE-100-Bull-Channel-Failed-High-1-Buy-680x383.jpg 680w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/05\/FTSE-100-Bull-Channel-Failed-High-1-Buy-768x432.jpg 768w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/05\/FTSE-100-Bull-Channel-Failed-High-1-Buy-1536x864.jpg 1536w\" sizes=\"auto, (max-width: 1920px) 100vw, 1920px\" \/><\/a><figcaption class=\"wp-element-caption\">FTSE 100 Bull Channel Failed High 1 Buy<\/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 doji (2 points!) with tails above and below.<\/li>\n\n\n\n<li>It traded above the prior bar&#8217;s high, so it is a High 1 buy &#8211; although the context is a better sell because it follows a 3-bar bear micro channel.<\/li>\n\n\n\n<li>It&#8217;s a doji, so neither a great buy nor a sell. Low in a trading range, there are probably more buyers below.<\/li>\n\n\n\n<li>The bulls see a bull channel, a micro double bottom (DB), a pause at the moving average (MA) after a strong first leg from the 200-week MA.<\/li>\n\n\n\n<li>You can see open bull gaps on the chart, and around the midpoint of these gaps was the ideal entry point long.<\/li>\n\n\n\n<li>But the bears see we are not strongly moving away from it. They see a Lower High Double Top and no tails above the bars.<\/li>\n\n\n\n<li>The bulls want a good weekly buy signal, a bull bar closing above its midpoint for a reasonable buy signal, and a High 2 at the MA for a test of the high.<\/li>\n\n\n\n<li>The bears want the High 1 to fail (it might already have) and get another leg sideways to down. <\/li>\n\n\n\n<li>The last strong event on the chart is the sell-climax in March. This was disappointing for the bulls, and you can see as soon as we got back to the top of the sell-climax, the bulls sold also.<\/li>\n\n\n\n<li>The bears sold above the doji on March 20<sup>th<\/sup> and also got trapped. <\/li>\n\n\n\n<li>If a second leg gets down there, buyers will be waiting &#8211; stuck bears and the bulls looking to get a good entry low in a trading range.<\/li>\n\n\n\n<li>The bulls know we have only a few bars below the MA, so they can buy and scale in lower as a reasonable trade, better above a good bull bar.<\/li>\n\n\n\n<li>Bulls bought below the pullback on the bull spike on April 24<sup>th<\/sup>, so we also need to get up there to let them out.<\/li>\n\n\n\n<li>Expect sideways to up next week. The bears want an outside down and a small second leg.<\/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-Consecutive-Bull-Dojis-Open-Bear-Gap-Above.jpg\"><img loading=\"lazy\" decoding=\"async\" width=\"1920\" height=\"1080\" src=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/05\/FTSE-100-Consecutive-Bull-Dojis-Open-Bear-Gap-Above.jpg\" alt=\"FTSE 100 Consecutive Bull Dojis Open Bear Gap Above\" class=\"wp-image-178754\" title=\"\" srcset=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/05\/FTSE-100-Consecutive-Bull-Dojis-Open-Bear-Gap-Above.jpg 1920w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/05\/FTSE-100-Consecutive-Bull-Dojis-Open-Bear-Gap-Above-300x169.jpg 300w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/05\/FTSE-100-Consecutive-Bull-Dojis-Open-Bear-Gap-Above-680x383.jpg 680w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/05\/FTSE-100-Consecutive-Bull-Dojis-Open-Bear-Gap-Above-768x432.jpg 768w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/05\/FTSE-100-Consecutive-Bull-Dojis-Open-Bear-Gap-Above-1536x864.jpg 1536w\" sizes=\"auto, (max-width: 1920px) 100vw, 1920px\" \/><\/a><figcaption class=\"wp-element-caption\">Consecutive Bull Dojis, Open Bear Gap Above<\/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 doji closing near its low on Friday with a large tail above.<\/li>\n\n\n\n<li>Some computers will read it as a bear bar because it closed near the low and had no tail below.<\/li>\n\n\n\n<li>It is the second consecutive bull doji, so it is a pause in a trading range or the late stage of a broad bull channel.<\/li>\n\n\n\n<li>The bulls see a strong leg up to the bear breakout (BO) point and a pullback. We are about 50% of the move up from the bull breakout where the MAs crossover.<\/li>\n\n\n\n<li>The bears see a failed buy at the 20-bar MA, an outside down bar and then a second leg sideways to down.<\/li>\n\n\n\n<li>Because a reasonable buy failed above, it is now resistance above &#8211; that&#8217;s why we have tails here.<\/li>\n\n\n\n<li>It is a bull doji, so it is a bad buy above, and it is not a great sell below, either.<\/li>\n\n\n\n<li>Monday will likely trade above the high, and we will see what is up there &#8211; I&#8217;m expecting sellers.<\/li>\n\n\n\n<li>The sell is a scalp, not a swing, as we are between both MAs, and they are flat to up.<\/li>\n\n\n\n<li>We have had 2 inside bars in the last 2 weeks &#8211; it might be forming a triangle. The first breakout of a triangle fails 50% of the time.<\/li>\n\n\n\n<li>The bulls want a failed bear BO and then strong bull follow-through above for a move back up. The buy at the MA was reasonable, so we should get back up there.<\/li>\n\n\n\n<li>But as long as that gap is open, bears will sell there. The bears want that bull bar to fail and then close below. <\/li>\n\n\n\n<li>They want to close strongly below and get a measured move down to the original bull BO point below- where the bears got trapped.<\/li>\n\n\n\n<li>We are getting bear bars below the MA, so another good bear bar might force bulls to give 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 moved sideways in the late stage of a broad FTSE 100 bull channel. It was a failed High 1 buy above a bear micro channel, and the bears should get a little more down. The bulls want to get a second leg after a strong move up [&hellip;]<\/p>\n","protected":false},"author":10339,"featured_media":178751,"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":[1900,1854,1699],"class_list":{"0":"post-178704","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-ftse-100","8":"category-analysis","9":"tag-broad-bull-channel","10":"tag-failed-high-1","11":"tag-ftse-100","12":"entry","13":"override","14":"shadow"},"featured_image_src":"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/05\/FTSE-100-Bull-Channel-Failed-High-1-Buy.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\/178704","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=178704"}],"version-history":[{"count":0,"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/posts\/178704\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/media\/178751"}],"wp:attachment":[{"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/media?parent=178704"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/categories?post=178704"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/tags?post=178704"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}