{"id":199182,"date":"2024-01-27T07:00:00","date_gmt":"2024-01-27T15:00:00","guid":{"rendered":"https:\/\/www.brookstradingcourse.com\/?p=199182"},"modified":"2024-01-27T05:28:05","modified_gmt":"2024-01-27T13:28:05","slug":"ftse-100-strong-reversal-up","status":"publish","type":"post","link":"https:\/\/www.brookstradingcourse.com\/pt-br\/analysis\/ftse-100-strong-reversal-up\/","title":{"rendered":"FTSE 100 Strong Reversal Up From Triangle Apex"},"content":{"rendered":"\n<h2 class=\"wp-block-heading\">Market Overview: FTSE 100 Futures<\/h2>\n\n\n\n<p><strong>FTSE 100 futures<\/strong> moved higher last week with a two-bar strong reversal, closing above the 20-MA. The bulls need a good follow-through bar here to convince traders it is always in long. But the bears got 3 bars in a row, so they probably need one more bar themselves. We should go sideways to up next 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\"><a href=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2024\/01\/FTSE-100-Strong-Reversal-Up-From-Triangle-Apex.jpg\"><img loading=\"lazy\" decoding=\"async\" width=\"1920\" height=\"1080\" src=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2024\/01\/FTSE-100-Strong-Reversal-Up-From-Triangle-Apex.jpg\" alt=\"FTSE 100 Strong Reversal Up From Triangle Apex\" class=\"wp-image-199284\" title=\"\" srcset=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2024\/01\/FTSE-100-Strong-Reversal-Up-From-Triangle-Apex.jpg 1920w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2024\/01\/FTSE-100-Strong-Reversal-Up-From-Triangle-Apex-300x169.jpg 300w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2024\/01\/FTSE-100-Strong-Reversal-Up-From-Triangle-Apex-680x383.jpg 680w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2024\/01\/FTSE-100-Strong-Reversal-Up-From-Triangle-Apex-768x432.jpg 768w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2024\/01\/FTSE-100-Strong-Reversal-Up-From-Triangle-Apex-1536x864.jpg 1536w\" sizes=\"auto, (max-width: 1920px) 100vw, 1920px\" \/><\/a><figcaption class=\"wp-element-caption\">FTSE 100 Strong Reversal Up From Triangle Apex<\/figcaption><\/figure>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\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 week was a big bull bar closing on its high, a strong reversal.<\/li>\n\n\n\n<li>The bar also went above the high of last week&#8217;s big bear bar but did not close above it. So, it is not as bullish as it could be.<\/li>\n\n\n\n<li>The bears see 3 consecutive bear bars, one big and closing on its low below the MA. But traders needed to see one more bar to conclude it would be always in short.<\/li>\n\n\n\n<li>It was also a bear microchannel with a micro gap between the first and third bars.<\/li>\n\n\n\n<li>It is a High 1 sell signal &#8211; but the reversal was so strong I would not take it here.<\/li>\n\n\n\n<li>The bulls see a strong bull spike, a BO of a triangle and a test back down to the apex. They expect a second leg, so its unlikely this bar is the completion.<\/li>\n\n\n\n<li>If you look left, you can see we are in a trading range &#8211; so who has the market control? Big sets of consecutive bull and bear bars.<\/li>\n\n\n\n<li>It is a disappointing environment, so traders will likely BLSHS and take quick profits.<\/li>\n\n\n\n<li>The bulls want a follow-through bar to get always in long and start a three-push move up to the ATH. But it probably won&#8217;t go straight up.<\/li>\n\n\n\n<li>The bears want a lower high for a head and shoulders reversal.<\/li>\n\n\n\n<li>The problem for bearsis the 200-MA which has been support for so long, it limits the downside.<\/li>\n\n\n\n<li>Expect sideways to up next week if the strong reversal gets follow-through. <\/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\/2024\/01\/FTSE-100-Sell-Climax-Low-in-TR-Bull-Spike-Test-BO-Point.jpg\"><img loading=\"lazy\" decoding=\"async\" width=\"1920\" height=\"1080\" src=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2024\/01\/FTSE-100-Sell-Climax-Low-in-TR-Bull-Spike-Test-BO-Point.jpg\" alt=\"FTSE 100 Sell Climax Low in TR, Bull Spike, Test BO Point\" class=\"wp-image-199290\" title=\"\" srcset=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2024\/01\/FTSE-100-Sell-Climax-Low-in-TR-Bull-Spike-Test-BO-Point.jpg 1920w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2024\/01\/FTSE-100-Sell-Climax-Low-in-TR-Bull-Spike-Test-BO-Point-300x169.jpg 300w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2024\/01\/FTSE-100-Sell-Climax-Low-in-TR-Bull-Spike-Test-BO-Point-680x383.jpg 680w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2024\/01\/FTSE-100-Sell-Climax-Low-in-TR-Bull-Spike-Test-BO-Point-768x432.jpg 768w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2024\/01\/FTSE-100-Sell-Climax-Low-in-TR-Bull-Spike-Test-BO-Point-1536x864.jpg 1536w\" sizes=\"auto, (max-width: 1920px) 100vw, 1920px\" \/><\/a><figcaption class=\"wp-element-caption\">FTSE 100 Sell Climax Low in TR, Bull Spike, Test BO Point<\/figcaption><\/figure>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\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> on Friday was a big bull bar closing near its high, so we might gap up on Monday.<\/li>\n\n\n\n<li>It is the seventh consecutive bar in a bull microchannel, so a spike, and will likely we followed by a channel up.<\/li>\n\n\n\n<li>The bulls see a break above a bull channel and now a test below it. But we were in the lower third of a trading range, which is a reasonable buy zone for the bulls.<\/li>\n\n\n\n<li>It was also a High 2 buy, the High 1 was the Friday before with the big tail.<\/li>\n\n\n\n<li>The bears see a sell climax after a strong bear spike. They wanted another leg down.<\/li>\n\n\n\n<li>Bears might have sold the highs of the last 2 strong bear bars &#8211; they are all trapped right now.<\/li>\n\n\n\n<li>But it was a deep pullback for them, after a deep pullback for the bulls &#8211; so TR price action.<\/li>\n\n\n\n<li>Bears see the big bear bar as a fade setup. It is climactic as is unlikely to get follow-through without a pullback.<\/li>\n\n\n\n<li>Thursday was a weak signal bar, so some traders might expect us to go back and test it.<\/li>\n\n\n\n<li>But the HTF context is good for a swing up, so if the bulls get FT, then those bears will have to panic out.<\/li>\n\n\n\n<li>The bulls are testing those traders who bought the MA in a bull channel and it failed. They bought lower and now can get out breakeven on their first trade and a profit on the second.<\/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>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 FTSE 100 futures moved higher last week with a two-bar strong reversal, closing above the 20-MA. The bulls need a good follow-through bar here to convince traders it is always in long. But the bears got 3 bars in a row, so they probably need one more bar themselves. We [&hellip;]<\/p>\n","protected":false},"author":10339,"featured_media":199284,"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-199182","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\/2024\/01\/FTSE-100-Strong-Reversal-Up-From-Triangle-Apex.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\/199182","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=199182"}],"version-history":[{"count":0,"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/posts\/199182\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/media\/199284"}],"wp:attachment":[{"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/media?parent=199182"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/categories?post=199182"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/tags?post=199182"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}