{"id":183404,"date":"2023-07-15T07:00:00","date_gmt":"2023-07-15T14:00:00","guid":{"rendered":"https:\/\/www.brookstradingcourse.com\/?p=183404"},"modified":"2023-07-15T23:31:59","modified_gmt":"2023-07-16T06:31:59","slug":"ftse-100-strong-bull-reversal","status":"publish","type":"post","link":"https:\/\/www.brookstradingcourse.com\/pt-br\/analysis\/ftse-100-strong-bull-reversal\/","title":{"rendered":"FTSE 100 Strong Bull Reversal Inside Bar Near 200-Week MA"},"content":{"rendered":"\n<h2 class=\"wp-block-heading\">Market Overview: FTSE 100 Futures<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">The&nbsp;<strong>FTSE futures <\/strong>market moved higher last week with a bull reversal, an inside bar on the weekly. The daily chart looks like a V reversal as the bears who had gotten trapped had a chance to exit. Bulls were looking for a chance to buy the lows of the trading range, and a late bear climax was good enough. Bears want this to be a break below a wedge bottom but at the 200-week MA is more likely support at this stage.<\/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\/07\/FTSE-100-Bull-Reversal-Inside-Bar-Near-200-Week-MA.jpg\"><img loading=\"lazy\" decoding=\"async\" width=\"1920\" height=\"1080\" src=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/07\/FTSE-100-Bull-Reversal-Inside-Bar-Near-200-Week-MA.jpg\" alt=\"FTSE 100 Bull Reversal Inside Bar Near 200-Week MA\" class=\"wp-image-183501\" title=\"\" srcset=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/07\/FTSE-100-Bull-Reversal-Inside-Bar-Near-200-Week-MA.jpg 1920w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/07\/FTSE-100-Bull-Reversal-Inside-Bar-Near-200-Week-MA-300x169.jpg 300w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/07\/FTSE-100-Bull-Reversal-Inside-Bar-Near-200-Week-MA-680x383.jpg 680w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/07\/FTSE-100-Bull-Reversal-Inside-Bar-Near-200-Week-MA-768x432.jpg 768w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/07\/FTSE-100-Bull-Reversal-Inside-Bar-Near-200-Week-MA-1536x864.jpg 1536w\" sizes=\"auto, (max-width: 1920px) 100vw, 1920px\" \/><\/a><figcaption class=\"wp-element-caption\">FTSE 100 Bull Reversal Inside Bar Near 200-Week MA<\/figcaption><\/figure>\n\n\n\n<ul class=\"wp-block-list\">\n<li>The <a href=\"https:\/\/www.investing.com\/indices\/uk-100-futures\" target=\"_blank\" rel=\"noreferrer noopener\">FTSE 100 futures<\/a> last week was a big bull inside bar, closing near its high with a small tail above. A possible bull reversal pattern.<\/li>\n\n\n\n<li>It did not trigger the sell below last week&#8217;s strong sell climax bar, and it reversed immediately. It is a type of bull reversal.<\/li>\n\n\n\n<li>The bulls see a deep pullback from a 5-bar bull microchannel, and we have not gone below its low. They are expecting the second leg. However, this is now disappointing for the bulls.<\/li>\n\n\n\n<li>Inside bars are triangles and lack a BO above or below &#8211; so it is a pause.<\/li>\n\n\n\n<li>Disappointment means a trading range, so we are unlikely to break out below or above &#8211; as bulls will buy lower and scale in to break even on their entries.<\/li>\n\n\n\n<li>The bulls have not had a chance to get out without a loss and took reasonable buys, so we should let them out before we go down much further. <\/li>\n\n\n\n<li>The bears see a 4<sup>th<\/sup> leg down from a LH DT, and a MTR. They see a failed break above a trading range and now want a break below the neckline for a measured move down to 6500 &#8211; 30% chance.<\/li>\n\n\n\n<li>The problem is the several-year monthly trendline below and the 200-week MA.<\/li>\n\n\n\n<li>The bulls see a duelling lines pattern, a wedge bull flag back to the lows &#8211;  a common DB pattern.<\/li>\n\n\n\n<li>The bears want it to be a break below a wedge and a MM down but it is confusing. There should have been buyers at the MA in June, but it failed. So probably trapped bulls there.<\/li>\n\n\n\n<li>Some bears sold the March climax bar and got stuck &#8211; they just got let out.<\/li>\n\n\n\n<li>Bulls who bought the High 2, two weeks ago had to buy more at the lows or a MM of that bar down. They made money.<\/li>\n\n\n\n<li>So limit bulls are making money which means the bear move is not as strong as it could be.<\/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\/07\/FTSE-100-Double-Bottom-V-Reversal-at-the-MA.jpg\"><img loading=\"lazy\" decoding=\"async\" width=\"1920\" height=\"1080\" src=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/07\/FTSE-100-Double-Bottom-V-Reversal-at-the-MA.jpg\" alt=\"FTSE 100 Double Bottom V Reversal at the MA\" class=\"wp-image-183507\" title=\"\" srcset=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/07\/FTSE-100-Double-Bottom-V-Reversal-at-the-MA.jpg 1920w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/07\/FTSE-100-Double-Bottom-V-Reversal-at-the-MA-300x169.jpg 300w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/07\/FTSE-100-Double-Bottom-V-Reversal-at-the-MA-680x383.jpg 680w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/07\/FTSE-100-Double-Bottom-V-Reversal-at-the-MA-768x432.jpg 768w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/07\/FTSE-100-Double-Bottom-V-Reversal-at-the-MA-1536x864.jpg 1536w\" sizes=\"auto, (max-width: 1920px) 100vw, 1920px\" \/><\/a><figcaption class=\"wp-element-caption\">FTSE 100 Double Bottom V Reversal at the MA<\/figcaption><\/figure>\n\n\n\n<ul class=\"wp-block-list\">\n<li>The <a href=\"https:\/\/www.investing.com\/indices\/uk-100-futures\" target=\"_blank\" rel=\"noreferrer noopener\">FTSE 100 futures<\/a> was a small bear doji on Friday with a big tail above.<\/li>\n\n\n\n<li>Most of the bar is above the MA, and it broke above Thursday. There should be buyers below.<\/li>\n\n\n\n<li>It is not quite a V reversal yet, but the setup is getting more likely. A V reversal is usually the 2<sup>nd<\/sup> leg of a DB or DT. <\/li>\n\n\n\n<li>The bears got a breakout and follow-through, and it immediately went to a swing target MM.<\/li>\n\n\n\n<li>The bulls see a wedge overshoot and a strong reversal. The bulls who bought the implied High 2 got 3:1 immediately. And there was follow-through buying &#8211; that is strong.<\/li>\n\n\n\n<li>It looks like bears were stuck from March who were selling the lows and got a chance to get out.<\/li>\n\n\n\n<li>The bears see a bear channel, and there is some strong resistance above. The MA and the trend line.<\/li>\n\n\n\n<li>There is also still an open gap from  June 26th which bulls need to close next week.<\/li>\n\n\n\n<li>The bulls have a strong breakout and are expecting a second leg. But they have not broken the trendline yet. Wedge reversals usually have 2 legs, so the next one should break the TL.<\/li>\n\n\n\n<li>The bulls need to convert the daily into a trading range. A break above the July 3rd swing high will be needed.<\/li>\n\n\n\n<li>They want a larger MTR, so expect a HL or LL to swing from.<\/li>\n\n\n\n<li>The pain trade here would be an even stronger 2nd leg &#8211; trapping bears covering their shorts and expecting a test of the lows.<\/li>\n\n\n\n<li>If you look left you can see in March that they got a chance to cover them at the lowest close.<\/li>\n\n\n\n<li>Expect sideways to up next week.<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\">Market analysis reports archive<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">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&nbsp;FTSE futures market moved higher last week with a bull reversal, an inside bar on the weekly. The daily chart looks like a V reversal as the bears who had gotten trapped had a chance to exit. Bulls were looking for a chance to buy the lows of the trading [&hellip;]<\/p>\n","protected":false},"author":10339,"featured_media":183501,"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":["post-183404","post","type-post","status-publish","format-standard","has-post-thumbnail","category-ftse-100","category-analysis","tag-ftse-100","entry","override","shadow"],"featured_image_src":"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/07\/FTSE-100-Bull-Reversal-Inside-Bar-Near-200-Week-MA.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\/183404","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=183404"}],"version-history":[{"count":0,"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/posts\/183404\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/media\/183501"}],"wp:attachment":[{"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/media?parent=183404"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/categories?post=183404"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/tags?post=183404"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}