FTSE 100 Futures<\/h2>\n\n\n\nThe Weekly<\/em> FTSE chart<\/h3>\n\n\n\n![\"FTSE](\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/08\/FTSE-100-Small-Inside-Bar-at-Support-LL-DB.jpg\" "\\"\\"")
<\/a>FTSE 100 Small Inside Bar at Support, LL DB<\/figcaption><\/figure>\n\n\n\n\n- The FTSE 100 futures<\/a> chart last week was a small inside bar, a bull bar.<\/li>\n\n\n\n
- It follows a big bear climax bar closing at a trendline and support.<\/li>\n\n\n\n
- It was a LL last week, so it was a BO. But there was no follow-through.<\/li>\n\n\n\n
- BOs of inside bars have a higher failure rate. This places traders at an interesting point. The sell below the inside bar is a scalp only. <\/li>\n\n\n\n
- And most traders will sell below the prior low for a swing. But a swing low in a TR is not a high-probability trade.<\/li>\n\n\n\n
- You can buy above the inside bar, which is also a scalp. With scalps in both directions, it is likely a TR, and we will go sideways for a few weeks here after maybe one more bear bar.<\/li>\n\n\n\n
- Traders are deciding if we need to test 7000 one more time.<\/li>\n\n\n\n
- The bulls got a new ATH, a BO, but the FT was weak. And the pullback was deep as well.<\/li>\n\n\n\n
- Some bulls will see a wedge bull flag. If we trade above the high of this bar, some traders will see a wedge and expect 2 legs sideways to up. Probably testing the top of the July sell climax.<\/li>\n\n\n\n
- Most bulls should wait for a better signal bar. If there are 2 or 3 consecutive bull bars, then it is a credible swing.<\/li>\n\n\n\n
- Bears see a failed BO above a TR, and with so many consecutive bear bars, it is unlikely we are still in a bull trend. They were selling and selling higher.<\/li>\n\n\n\n
- We are still always in short, so better to be short or flat.<\/li>\n\n\n\n
- If you are short, you can exit above the IB or look to sell more at 50% of the climax bar, expecting a small second leg sideways to down.<\/li>\n\n\n\n
- There is nothing to buy yet. Bulls should wait for a second entry long and a strong signal bar for a stop entry.<\/li>\n\n\n\n
- Expect sideways to down next week.<\/li>\n<\/ul>\n\n\n\n
The Daily<\/em> FTSE chart<\/h3>\n\n\n\n![\"FTSE](\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/08\/FTSE-100-Pullback-After-Strong-Bear-Microchannel.jpg\" "\\"\\"")
<\/a>FTSE 100 Pullback After Strong Bear Microchannel<\/figcaption><\/figure>\n\n\n\n
<\/a>- \n
- The FTSE 100 futures<\/a> chart last week was a small inside bar, a bull bar.<\/li>\n\n\n\n
- It follows a big bear climax bar closing at a trendline and support.<\/li>\n\n\n\n
- It was a LL last week, so it was a BO. But there was no follow-through.<\/li>\n\n\n\n
- BOs of inside bars have a higher failure rate. This places traders at an interesting point. The sell below the inside bar is a scalp only. <\/li>\n\n\n\n
- And most traders will sell below the prior low for a swing. But a swing low in a TR is not a high-probability trade.<\/li>\n\n\n\n
- You can buy above the inside bar, which is also a scalp. With scalps in both directions, it is likely a TR, and we will go sideways for a few weeks here after maybe one more bear bar.<\/li>\n\n\n\n
- Traders are deciding if we need to test 7000 one more time.<\/li>\n\n\n\n
- The bulls got a new ATH, a BO, but the FT was weak. And the pullback was deep as well.<\/li>\n\n\n\n
- Some bulls will see a wedge bull flag. If we trade above the high of this bar, some traders will see a wedge and expect 2 legs sideways to up. Probably testing the top of the July sell climax.<\/li>\n\n\n\n
- Most bulls should wait for a better signal bar. If there are 2 or 3 consecutive bull bars, then it is a credible swing.<\/li>\n\n\n\n
- Bears see a failed BO above a TR, and with so many consecutive bear bars, it is unlikely we are still in a bull trend. They were selling and selling higher.<\/li>\n\n\n\n
- We are still always in short, so better to be short or flat.<\/li>\n\n\n\n
- If you are short, you can exit above the IB or look to sell more at 50% of the climax bar, expecting a small second leg sideways to down.<\/li>\n\n\n\n
- There is nothing to buy yet. Bulls should wait for a second entry long and a strong signal bar for a stop entry.<\/li>\n\n\n\n
- Expect sideways to down next week.<\/li>\n<\/ul>\n\n\n\n
The Daily<\/em> FTSE chart<\/h3>\n\n\n\n
<\/a>FTSE 100 Pullback After Strong Bear Microchannel<\/figcaption><\/figure>\n\n\n\n