{"id":209290,"date":"2024-05-25T07:00:00","date_gmt":"2024-05-25T14:00:00","guid":{"rendered":"https:\/\/www.brookstradingcourse.com\/?p=209290"},"modified":"2024-05-25T04:29:28","modified_gmt":"2024-05-25T11:29:28","slug":"ftse-100-pullback-swing","status":"publish","type":"post","link":"https:\/\/www.brookstradingcourse.com\/pt-br\/analysis\/ftse-100-pullback-swing\/","title":{"rendered":"FTSE 100 Bull BO, Pullback, Swing Bears 2:1"},"content":{"rendered":"\n<h2 class=\"wp-block-heading\">Market Overview: FTSE 100 Futures<\/h2>\n\n\n\n<p><strong>FTSE 100 futures<\/strong> pulled back lower last week with a big bear bar hitting a bear swing target. There has been a strong bull breakout from the lows of a bull channel, and we are near the top of it. We don&#8217;t have to reverse here, but some bulls will need to reduce their position size and create a higher low for a possible next move. The bears want to close the breakout gap below to keep the trading range confusion going.<\/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\/05\/FTSE-100-Bull-BO-Pullback-Swing-Bears.jpg\"><img loading=\"lazy\" decoding=\"async\" width=\"1920\" height=\"1080\" src=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2024\/05\/FTSE-100-Bull-BO-Pullback-Swing-Bears.jpg\" alt=\"FTSE 100 Bull BO, Pullback, Swing Bears 2:1\" class=\"wp-image-209400\" title=\"\" srcset=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2024\/05\/FTSE-100-Bull-BO-Pullback-Swing-Bears.jpg 1920w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2024\/05\/FTSE-100-Bull-BO-Pullback-Swing-Bears-300x169.jpg 300w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2024\/05\/FTSE-100-Bull-BO-Pullback-Swing-Bears-680x383.jpg 680w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2024\/05\/FTSE-100-Bull-BO-Pullback-Swing-Bears-768x432.jpg 768w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2024\/05\/FTSE-100-Bull-BO-Pullback-Swing-Bears-1536x864.jpg 1536w\" sizes=\"auto, (max-width: 1920px) 100vw, 1920px\" \/><\/a><figcaption class=\"wp-element-caption\">FTSE 100 Bull BO, Pullback, Swing Bears 2:1<\/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> pulled back lower last week with a big bear bar hitting a bear swing target.<\/li>\n\n\n\n<li>The bar has a small tail below, which weakens the case for bears to sell below.<\/li>\n\n\n\n<li>It is the second consecutive bear bar after a strong bull spike, so it is a pullback.<\/li>\n\n\n\n<li>The bulls see a strong breakout and follow-through and a large profit-taking bar. Most traders would look to reduce their position size, and moving the stop under a bear doji is an easy way to do that.<\/li>\n\n\n\n<li>Some bulls waited for the follow-through bull bar before buying, so all got 2:1 on their buy.<\/li>\n\n\n\n<li>The bears see a broad bull channel and a break above a trading range. After so many months of sideways, they expected the breakout gap to close, but they were disappointed in April with the weak Low 2 short at the high of the range.<\/li>\n\n\n\n<li>After they gave up and both bulls and bears bought, they are looking to trade again.<\/li>\n\n\n\n<li>Some aggressive bears sold the week prior and held for a swing down.<\/li>\n\n\n\n<li>The bulls want a second leg sideways to buy again for a high-probability second leg up.<\/li>\n\n\n\n<li>But the MA is far away, so it might have to go sideways to create a range and then measured-move that range.<\/li>\n\n\n\n<li>The bears might sell above that bear bar, betting on a scalp down.<\/li>\n\n\n\n<li>We are always in long, so it is better to be long or flat.<\/li>\n\n\n\n<li>In the bull microchannel and at the micro gap, there will likely be bulls below the lows of the past two bull bars.<\/li>\n\n\n\n<li>Can bears close the breakout gap? If they cannot, then the bulls likely have a much longer measured move target above.<\/li>\n\n\n\n<li>Expect sideways to down 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\/05\/FTSE-100-Pullback-Tight-Bear-Channel-Micro-Wedge-Bottom.jpg\"><img loading=\"lazy\" decoding=\"async\" width=\"1920\" height=\"1080\" src=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2024\/05\/FTSE-100-Pullback-Tight-Bear-Channel-Micro-Wedge-Bottom.jpg\" alt=\"FTSE 100 Pullback, Tight Bear Channel, Micro Wedge Bottom\" class=\"wp-image-209403\" title=\"\" srcset=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2024\/05\/FTSE-100-Pullback-Tight-Bear-Channel-Micro-Wedge-Bottom.jpg 1920w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2024\/05\/FTSE-100-Pullback-Tight-Bear-Channel-Micro-Wedge-Bottom-300x169.jpg 300w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2024\/05\/FTSE-100-Pullback-Tight-Bear-Channel-Micro-Wedge-Bottom-680x383.jpg 680w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2024\/05\/FTSE-100-Pullback-Tight-Bear-Channel-Micro-Wedge-Bottom-768x432.jpg 768w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2024\/05\/FTSE-100-Pullback-Tight-Bear-Channel-Micro-Wedge-Bottom-1536x864.jpg 1536w\" sizes=\"auto, (max-width: 1920px) 100vw, 1920px\" \/><\/a><figcaption class=\"wp-element-caption\">FTSE 100 Pullback, Tight Bear Channel, Micro Wedge Bottom<\/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> went lower on Friday with a big bear doji with a large tail below it.<\/li>\n\n\n\n<li>The bar is mostly tail and mostly above the moving average, so some computers will see it as a bull bar.<\/li>\n\n\n\n<li>The bulls see a tight bull channel, 3 pushes up and a breakout above a wedge top and measured move up.<\/li>\n\n\n\n<li>They hit the target, and we started to go sideways.<\/li>\n\n\n\n<li>There is only a 25% chance of a bull breakout above a bull channel, and this one worked and then failed in 5 bars. Typically, we test the other side of the channel, which we did on Friday.<\/li>\n\n\n\n<li>It is the first touch of the MA, so buyers here are likely.<\/li>\n\n\n\n<li>Its not a good sell below and not a great buy above, so we will probably go sideways here.<\/li>\n\n\n\n<li>On a lower time frame it is a wedge bottom and bears want to break below it.<\/li>\n\n\n\n<li>But the first reversal down after such a strong bull trend is likely to be minor.<\/li>\n\n\n\n<li>The first tatrgte for the bears is the bottom of the last buy climax and the top of the wedge that failed.<\/li>\n\n\n\n<li>But it&#8217;s tricky to sell now; a High 2, even if it is weak here, would be a great buy signal for the bulls.<\/li>\n\n\n\n<li>Are we always in short? I don&#8217;t think so. Trading range, yes. Pullback in a bull trend, yes. But there is nothing to sell here. I would consider selling if there was a three-legged move higher, failing at a test of the highs.<\/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 pulled back lower last week with a big bear bar hitting a bear swing target. There has been a strong bull breakout from the lows of a bull channel, and we are near the top of it. We don&#8217;t have to reverse here, but some bulls will [&hellip;]<\/p>\n","protected":false},"author":10339,"featured_media":209400,"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-209290","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\/05\/FTSE-100-Bull-BO-Pullback-Swing-Bears.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\/209290","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=209290"}],"version-history":[{"count":0,"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/posts\/209290\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/media\/209400"}],"wp:attachment":[{"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/media?parent=209290"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/categories?post=209290"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/tags?post=209290"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}