{"id":205307,"date":"2024-04-13T07:00:00","date_gmt":"2024-04-13T14:00:00","guid":{"rendered":"https:\/\/www.brookstradingcourse.com\/?p=205307"},"modified":"2024-04-13T09:56:20","modified_gmt":"2024-04-13T16:56:20","slug":"ftse-100-sideways-bull-spike","status":"publish","type":"post","link":"https:\/\/www.brookstradingcourse.com\/pt-br\/analysis\/ftse-100-sideways-bull-spike\/","title":{"rendered":"FTSE 100 Sideways After Bull Spike, High in Trading Range"},"content":{"rendered":"\n<h2 class=\"wp-block-heading\">Market Overview: FTSE 100 Futures<\/h2>\n\n\n\n<p><strong>FTSE 100 futures<\/strong> went sideways to up last week high up in a long-term trading range. We were in breakout mode for a long time and then got a strong bull breakout so we should get another leg up at least. Bears want to fade the highs of the trading range but do not have a good signal yet. We are always in long.<\/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-resized\"><a href=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2024\/04\/IMG_4820.jpeg\"><img loading=\"lazy\" decoding=\"async\" width=\"1990\" height=\"1123\" src=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2024\/04\/IMG_4820.jpeg\" alt=\"FTSE 100 Sideways After Bull Spike, High in TR\n\" class=\"wp-image-205409\" style=\"width:702px;height:auto\" title=\"\" srcset=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2024\/04\/IMG_4820.jpeg 1990w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2024\/04\/IMG_4820-300x169.jpeg 300w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2024\/04\/IMG_4820-680x384.jpeg 680w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2024\/04\/IMG_4820-768x433.jpeg 768w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2024\/04\/IMG_4820-1536x867.jpeg 1536w\" sizes=\"auto, (max-width: 1990px) 100vw, 1990px\" \/><\/a><figcaption class=\"wp-element-caption\"><strong>FTSE 100 Sideways After Bull Spike, High in TR<\/strong><br><\/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.ice.com\/products\/38716764\/FTSE-100-Index-Future\" rel=\"noopener\">FTSE 100 futures<\/a> chart last week was a bull bar with a tail above last weeks bar, but with a close below last week\u2019s high.<\/li>\n\n\n\n<li>Most traders will see it as a trading range.<\/li>\n\n\n\n<li>It was nearly an outside bar so will probably trade like one as well.<\/li>\n\n\n\n<li>Bulls see a spike up from the MA and expected the first reversal to be minor. It was.<\/li>\n\n\n\n<li>Last week was an outside bar, a trading range on the LTF. Trading ranges act like continuation patterns in strong trends.<\/li>\n\n\n\n<li>Most traders expect the spike to turn into a spike and channel and it looks like we are in the channel phase.<\/li>\n\n\n\n<li>In the channel phase, bulls buy and scale in lower. Often buying weak bear bars like last week.<\/li>\n\n\n\n<li>As the channel continues, bulls will likely buy midpoints and below bars until they think it is time for a correction based on price action.<\/li>\n\n\n\n<li>The bears saw a spike \/ climax up to the top of a trading range. They were looking for a 2nd entry short here. They got one bar in the prior week but it did not trigger the sell below it.<\/li>\n\n\n\n<li>There are measured move targets so unless next week can do something to make bulls give up we will probably go higher.<\/li>\n\n\n\n<li>Always in long so traders should be long or flat.<\/li>\n\n\n\n<li>Expect sideways to up next week.<\/li>\n\n\n\n<li>Its common for price to hit support or resistance and go sideways. It is a logical place for orders to be sitting. But once the trade is live and bars are printing, each trader is managing expectations.<\/li>\n\n\n\n<li>The bears have little risk and big reward &#8211; so low probability. They will likely give up or scale in to increase probability.<\/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 is-resized\"><a href=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2024\/04\/IMG_4822.jpeg\"><img loading=\"lazy\" decoding=\"async\" width=\"2000\" height=\"1125\" src=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2024\/04\/IMG_4822.jpeg\" alt=\"FTSE 100 High 3, Tight Trading Range After Bull Spike\n\" class=\"wp-image-205413\" style=\"width:705px;height:auto\" title=\"\" srcset=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2024\/04\/IMG_4822.jpeg 2000w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2024\/04\/IMG_4822-300x169.jpeg 300w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2024\/04\/IMG_4822-680x383.jpeg 680w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2024\/04\/IMG_4822-768x432.jpeg 768w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2024\/04\/IMG_4822-1536x864.jpeg 1536w\" sizes=\"auto, (max-width: 2000px) 100vw, 2000px\" \/><\/a><figcaption class=\"wp-element-caption\">FTSE 100 High 3, Tight Trading Range After Bull Spike<\/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.ice.com\/products\/38716764\/FTSE-100-Index-Future\" rel=\"noopener\">FTSE 100 futures<\/a> last week was a big bull bar with a tail on top testing the prior high.<\/li>\n\n\n\n<li>We said last week in a bull spike and channel, traders enter during the lows of the channel and take profits at the high which we did all week.<\/li>\n\n\n\n<li>The bulls see a spike and channel but a tight trading range here. They don\u2019t want it to go on for too many bars or their probability starts going back to 50\/50.<\/li>\n\n\n\n<li>Good close but also not that good. Below Wednesday\u2019s high was a surprise.<\/li>\n\n\n\n<li>If you squeeze your eyes you can see a wedge bottom or at least 3 failed attempts to reverse.<\/li>\n\n\n\n<li>But this signal bar is probably a buy the midpoint or wait on Monday to see if we gap up.<\/li>\n\n\n\n<li>You can also BTC if you are willing to hold more size to add on lower or higher.<\/li>\n\n\n\n<li>Bears see a tight trading range and made money selling above bars. But is this the best trade you can find in this environment?\u00a0<\/li>\n\n\n\n<li>Look at shaved tops and bottoms of bars.<\/li>\n\n\n\n<li>Friday did not go below the close of Thursday. That tells you that more traders were waiting for a good buy area and took it.\u00a0<\/li>\n\n\n\n<li>If traders are buying bad bears bars, then you probably want to be a bull!<\/li>\n\n\n\n<li>We are near the all-time highs and so your risk\/reward is very good but probability is very low if you are shorting right now.<\/li>\n\n\n\n<li>Always in long so traders should be long or flat.<\/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 went sideways to up last week high up in a long-term trading range. We were in breakout mode for a long time and then got a strong bull breakout so we should get another leg up at least. Bears want to fade the highs of the trading [&hellip;]<\/p>\n","protected":false},"author":10339,"featured_media":205409,"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-205307","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\/04\/IMG_4820.jpeg","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\/205307","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=205307"}],"version-history":[{"count":0,"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/posts\/205307\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/media\/205409"}],"wp:attachment":[{"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/media?parent=205307"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/categories?post=205307"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/tags?post=205307"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}