{"id":205776,"date":"2024-04-20T07:00:00","date_gmt":"2024-04-20T14:00:00","guid":{"rendered":"https:\/\/www.brookstradingcourse.com\/?p=205776"},"modified":"2024-04-20T04:19:02","modified_gmt":"2024-04-20T11:19:02","slug":"ftse-100-bull-bo-pb-surprise","status":"publish","type":"post","link":"https:\/\/www.brookstradingcourse.com\/pt-br\/analysis\/ftse-100-bull-bo-pb-surprise\/","title":{"rendered":"FTSE 100 Expanding Triangle, Bull BO PB, Surprise"},"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 down last week after a bull BO. The bulls hit their swing target, took their 2:1, and ran! Big breakout gap below, so a better place to get long is down there &#8211; if it sets up. Bears who were fading the breakout got a relief bar. Expect a second leg sideways to down and High 2 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\/04\/FTSE-100-Expanding-Triangle-Bull-BO-PB-Surprise-1.jpg\"><img loading=\"lazy\" decoding=\"async\" width=\"1920\" height=\"1080\" src=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2024\/04\/FTSE-100-Expanding-Triangle-Bull-BO-PB-Surprise-1.jpg\" alt=\"FTSE 100 Expanding Triangle, Bull BO PB, Surprise\" class=\"wp-image-205919\" title=\"\" srcset=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2024\/04\/FTSE-100-Expanding-Triangle-Bull-BO-PB-Surprise-1.jpg 1920w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2024\/04\/FTSE-100-Expanding-Triangle-Bull-BO-PB-Surprise-1-300x169.jpg 300w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2024\/04\/FTSE-100-Expanding-Triangle-Bull-BO-PB-Surprise-1-680x383.jpg 680w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2024\/04\/FTSE-100-Expanding-Triangle-Bull-BO-PB-Surprise-1-768x432.jpg 768w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2024\/04\/FTSE-100-Expanding-Triangle-Bull-BO-PB-Surprise-1-1536x864.jpg 1536w\" sizes=\"auto, (max-width: 1920px) 100vw, 1920px\" \/><\/a><figcaption class=\"wp-element-caption\">FTSE 100 Expanding Triangle, Bull BO PB, Surprise<\/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.londonstockexchange.com\/indices\/ftse-100\" rel=\"noopener\">FTSE 100 futures<\/a> went lower last week in an expanding triangle, a bear surprise bar after a bull BO and a pullback.<\/li>\n\n\n\n<li>The bulls see BOM, a bull breakout and a pullback to the moving average.<\/li>\n\n\n\n<li>We said last week there were likely buyers at the midpoint of that bull breakout bar, and there was.<\/li>\n\n\n\n<li>There was a quasi-ledge from December, but we did not go all the way to touch it.<\/li>\n\n\n\n<li>The bulls now have a breakout gap, which, if it stays open, is likely to lead to a strong second leg up.<\/li>\n\n\n\n<li>The bears see sideways high in a trading range and a bear surprise bar. The bar is big enough down to disappoint bulls who bought late. <\/li>\n\n\n\n<li>But it&#8217;s a big bar with a large tail below, so there&#8217;s not a great sell signal below. We will likely test above it next week.<\/li>\n\n\n\n<li>Do the bulls get out? In a channel, a good strategy is to scale in and take some off at new highs. The April high was a good reason to take some off. <\/li>\n\n\n\n<li>Last week was a good place to enter again for a test of the highs. So, I think most bulls would be happy to scale in here, and if they don&#8217;t reach the top of this TTR, then they can exit.<\/li>\n\n\n\n<li>The tail might have been scale-in bears, now surprised with the big bull breakout exit when they got a chance to break-even.<\/li>\n\n\n\n<li>The trouble with fading a bull breakout like this is that each bar makes a new high. So that is bull channelling behaviour. They want a bear bar to sell above, but the simpler trade is to wait to try to get long.<\/li>\n\n\n\n<li>Bulls can wait for a 2 legged pullback to the MA, although limit bulls will probably buy below last week and the MA.<\/li>\n\n\n\n<li>Always in long so better to 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\">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\/04\/FTSE-100-Bear-Surprise-Deep-Pullback-Test-BO-Point.jpg\"><img loading=\"lazy\" decoding=\"async\" width=\"1920\" height=\"1080\" src=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2024\/04\/FTSE-100-Bear-Surprise-Deep-Pullback-Test-BO-Point.jpg\" alt=\"FTSE 100 Bear Surprise, Deep Pullback, Test BO Point\" class=\"wp-image-205923\" title=\"\" srcset=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2024\/04\/FTSE-100-Bear-Surprise-Deep-Pullback-Test-BO-Point.jpg 1920w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2024\/04\/FTSE-100-Bear-Surprise-Deep-Pullback-Test-BO-Point-300x169.jpg 300w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2024\/04\/FTSE-100-Bear-Surprise-Deep-Pullback-Test-BO-Point-680x383.jpg 680w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2024\/04\/FTSE-100-Bear-Surprise-Deep-Pullback-Test-BO-Point-768x432.jpg 768w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2024\/04\/FTSE-100-Bear-Surprise-Deep-Pullback-Test-BO-Point-1536x864.jpg 1536w\" sizes=\"auto, (max-width: 1920px) 100vw, 1920px\" \/><\/a><figcaption class=\"wp-element-caption\">FTSE 100 Bear Surprise, Deep Pullback, 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.londonstockexchange.com\/indices\/ftse-100\" rel=\"noopener\">FTSE 100 futures<\/a> finished the week with 3 bull bars after a big bear surprise bar after the bull BO.<\/li>\n\n\n\n<li>We said last week that the bulls hit their target but would likely come back and give them another chance to exit. They did last week, and it sold off quickly.<\/li>\n\n\n\n<li>The bulls got a swing target of 2:1, so the pullback was expected. We are in a bull channel and might need to test the breakout point below.<\/li>\n\n\n\n<li>The bears see a strong counter-trend leg and will probably get one more push down before the Bulls buy again.<\/li>\n\n\n\n<li>The first bear bar is under the MA in 20 bars, so an MA gap bar is a buy set-up for a scalp.<\/li>\n\n\n\n<li>But I don&#8217;t think it is a strong buy here yet. We didn&#8217;t close above Thursday.<\/li>\n\n\n\n<li>If you bought the pullback buy at the midpoint of the big bull bar last week, I would exit here and wait. High chance of another leg down.<\/li>\n\n\n\n<li>No signal to short yet. <\/li>\n\n\n\n<li>Bears want a lower high to sell and a good signal. Its likely they get that or straight down to find buyers.<\/li>\n\n\n\n<li>Friday is an outside up bar, but it let out any bears who were short at the close of the bear surprise. A lucky exit, I suspect!<\/li>\n\n\n\n<li>Above, there is a tight trading range, so it will act like a magnet. Could you buy for a scalp up? I think the RR is weak for your side of the trade.<\/li>\n\n\n\n<li>The only short I can see is selling where the MA&#8217;s bulls got stuck. But you might need to day trade that one on the 5 min chart! See if anyone agrees with you.<\/li>\n\n\n\n<li>Trading range or weak bull channel, so better to wait for a second entry long low.<\/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 down last week after a bull BO. The bulls hit their swing target, took their 2:1, and ran! Big breakout gap below, so a better place to get long is down there &#8211; if it sets up. Bears who were fading the breakout got [&hellip;]<\/p>\n","protected":false},"author":10339,"featured_media":205919,"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-205776","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\/FTSE-100-Expanding-Triangle-Bull-BO-PB-Surprise-1.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\/205776","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=205776"}],"version-history":[{"count":0,"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/posts\/205776\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/media\/205919"}],"wp:attachment":[{"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/media?parent=205776"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/categories?post=205776"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/tags?post=205776"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}