{"id":188318,"date":"2023-09-02T07:00:00","date_gmt":"2023-09-02T14:00:00","guid":{"rendered":"https:\/\/www.brookstradingcourse.com\/?p=188318"},"modified":"2023-09-02T04:30:13","modified_gmt":"2023-09-02T11:30:13","slug":"ftse-100-wedge-bull-flag-ma","status":"publish","type":"post","link":"https:\/\/www.brookstradingcourse.com\/pt-br\/analysis\/ftse-100-wedge-bull-flag-ma\/","title":{"rendered":"FTSE 100 Wedge Bull Flag at MA, TR"},"content":{"rendered":"\n<h2 class=\"wp-block-heading\">Market Overview: FTSE 100 Futures<\/h2>\n\n\n\n<p>The&nbsp;<strong>FTSE futures <\/strong>market moved lower last month, the third push down, so bulls see a wedge bull flag. We paused at the MA, and we have been going sideways for over a year now. Traders are buying below bars and selling above bars as the market lacks strong momentum. Most traders should wait for a reasonable stop-order entry on this timeframe.<\/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>Monthly<\/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\/09\/FTSE-100-Wedge-Bull-Flag-at-MA-TR.jpg\"><img loading=\"lazy\" decoding=\"async\" width=\"1920\" height=\"1080\" src=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/09\/FTSE-100-Wedge-Bull-Flag-at-MA-TR.jpg\" alt=\"FTSE 100 Wedge Bull Flag at MA, TR\" class=\"wp-image-188402\" title=\"\" srcset=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/09\/FTSE-100-Wedge-Bull-Flag-at-MA-TR.jpg 1920w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/09\/FTSE-100-Wedge-Bull-Flag-at-MA-TR-300x169.jpg 300w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/09\/FTSE-100-Wedge-Bull-Flag-at-MA-TR-680x383.jpg 680w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/09\/FTSE-100-Wedge-Bull-Flag-at-MA-TR-768x432.jpg 768w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/09\/FTSE-100-Wedge-Bull-Flag-at-MA-TR-1536x864.jpg 1536w\" sizes=\"auto, (max-width: 1920px) 100vw, 1920px\" \/><\/a><figcaption class=\"wp-element-caption\">FTSE 100 Wedge Bull Flag at MA, TR<\/figcaption><\/figure>\n\n\n\n<ul class=\"wp-block-list\">\n<li>The <a href=\"https:\/\/www.investing.com\/indices\/uk-100-futures\" rel=\"noopener\">FTSE 100 futures<\/a> last month was a bear bar closing on its midpoint at the MA, a possible wedge bull flag.<\/li>\n\n\n\n<li>It is a weak close, a bad sell signal for next month, but it&#8217;s also a bad buy signal &#8211; so we will likely go sideways again.<\/li>\n\n\n\n<li>In 2 years, how many bars have been below the MA? So if we break below next month, it will probably be bought back up.<\/li>\n\n\n\n<li>The bulls want a buy signal above this month &#8211; a High 2 at the MA. But the signal bar is a bear bar so it is weak.<\/li>\n\n\n\n<li>Most traders should buy above a bull bar.<\/li>\n\n\n\n<li>The bears see a LH, a possible head and shoulders top, and want a MTR. They want a test back to 7000.<\/li>\n\n\n\n<li>There has only been one consecutive bear bar in 2 years &#8211; so this month will likely be a bull bar.<\/li>\n\n\n\n<li>July was an outside bar, so probably sellers above.<\/li>\n\n\n\n<li>There are many tails below this month so probably buyers below.<\/li>\n\n\n\n<li>Bears want to get back to the October high &#8211; some bears might have been trapped there with a surprise reversal.<\/li>\n\n\n\n<li>We also gapped up above July so there might be bulls stuck up there as well we need to let out.<\/li>\n\n\n\n<li>Most traders should not enter at the MA. <\/li>\n\n\n\n<li>Ok to be short or flat. Bulls should have exited below last month.<\/li>\n\n\n\n<li>Advanced traders can use scaling in and they will probably got out at the midpoint where last month closed.<\/li>\n<\/ul>\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\/09\/FTSE-100-Bull-Test-of-Inside-Bar-Triangle-at-Trendline.jpg\"><img loading=\"lazy\" decoding=\"async\" width=\"1920\" height=\"1080\" src=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/09\/FTSE-100-Bull-Test-of-Inside-Bar-Triangle-at-Trendline.jpg\" alt=\"FTSE 100 Bull Test of Inside Bar, Triangle at Trendline\" class=\"wp-image-188406\" title=\"\" srcset=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/09\/FTSE-100-Bull-Test-of-Inside-Bar-Triangle-at-Trendline.jpg 1920w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/09\/FTSE-100-Bull-Test-of-Inside-Bar-Triangle-at-Trendline-300x169.jpg 300w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/09\/FTSE-100-Bull-Test-of-Inside-Bar-Triangle-at-Trendline-680x383.jpg 680w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/09\/FTSE-100-Bull-Test-of-Inside-Bar-Triangle-at-Trendline-768x432.jpg 768w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/09\/FTSE-100-Bull-Test-of-Inside-Bar-Triangle-at-Trendline-1536x864.jpg 1536w\" sizes=\"auto, (max-width: 1920px) 100vw, 1920px\" \/><\/a><figcaption class=\"wp-element-caption\">FTSE 100 Bull Test of Inside Bar, Triangle at Trendline<\/figcaption><\/figure>\n\n\n\n<ul class=\"wp-block-list\">\n<li>The <a href=\"https:\/\/www.investing.com\/indices\/uk-100-futures\" data-type=\"link\" data-id=\"https:\/\/www.investing.com\/indices\/uk-100-futures\" rel=\"noopener\">FTSE 100 futures<\/a> moved higher as traders bought above the inside bar last week.<\/li>\n\n\n\n<li>It was a possible bull reversal last week, and we said that many bulls would be buying low and scaling in lower.<\/li>\n\n\n\n<li>Technically we are still more likely short with a lower high and a lower low. Bear stops have not been hit, but bulls might have been on the test of the lows.<\/li>\n\n\n\n<li>Bulls see a wedge bull flag on the HTF and a double-bottom reversal setup.<\/li>\n\n\n\n<li>It is a breakout and follow-through &#8211; but we are not always in long yet, most likely until we get above the MA.<\/li>\n\n\n\n<li>It is a good bull bar with a small tail, so some traders will buy and scale in lower.<\/li>\n\n\n\n<li>Bears see a sell climax and a test of the high of the prior week big bear bar. <\/li>\n\n\n\n<li>It is more likely in breakout mode.<\/li>\n\n\n\n<li>There is a lower-high double top and a double bottom &#8211; so traders are wondering whether we are going up or down.<\/li>\n\n\n\n<li>Bulls that bought the reversal and were disappointed in July, bought more on the sell climax and got out breakeven on Friday.<\/li>\n\n\n\n<li>Most traders expect to test the MA next week &#8211; the middle of that inside bar and then decide where to go.<\/li>\n\n\n\n<li>If we pull back next week a buy above the inside bar is reasonable &#8211; a bad sell. <\/li>\n\n\n\n<li>Most traders should not buy at the MA unless you can use a wide stop and scale in.<\/li>\n\n\n\n<li>The market is moving quickly through the 50% zone and back to the extremes so most traders will lose money in the middle.<\/li>\n\n\n\n<li>If you are trading the wedge bull flag, wait for a reasonable BO and a pullback to get in at a better price.<\/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&nbsp;FTSE futures market moved lower last month, the third push down, so bulls see a wedge bull flag. We paused at the MA, and we have been going sideways for over a year now. Traders are buying below bars and selling above bars as the market lacks strong momentum. Most [&hellip;]<\/p>\n","protected":false},"author":10339,"featured_media":188402,"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":{"0":"post-188318","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-ftse-100","8":"category-analysis","9":"tag-ftse-100","10":"entry","11":"override","12":"shadow"},"featured_image_src":"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/09\/FTSE-100-Wedge-Bull-Flag-at-MA-TR.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\/188318","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=188318"}],"version-history":[{"count":0,"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/posts\/188318\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/media\/188402"}],"wp:attachment":[{"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/media?parent=188318"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/categories?post=188318"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/tags?post=188318"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}