{"id":209739,"date":"2024-06-08T07:00:00","date_gmt":"2024-06-08T14:00:00","guid":{"rendered":"https:\/\/www.brookstradingcourse.com\/?p=209739"},"modified":"2024-06-08T02:07:43","modified_gmt":"2024-06-08T09:07:43","slug":"ftse-100-ath-bull-channel","status":"publish","type":"post","link":"https:\/\/www.brookstradingcourse.com\/pt-br\/analysis\/ftse-100-ath-bull-channel\/","title":{"rendered":"FTSE 100 ATH, Bull Channel, Sideways Expected"},"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 month in a bull channel, but the bar had a big tail. Who is selling? Bulls are taking profits after a strong breakout. Bears want to close the breakout gap, and bulls want a pullback to buy again. We have been in a trading range for a long time, so it would not be surprising if we fell back into that price action behaviour.<\/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\/2024\/06\/FTSE-100-ATH-Bull-Channel-Sideways-Expected.jpg\"><img loading=\"lazy\" decoding=\"async\" width=\"1920\" height=\"1080\" src=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2024\/06\/FTSE-100-ATH-Bull-Channel-Sideways-Expected.jpg\" alt=\"FTSE 100 ATH, Bull Channel, Sideways Expected\" class=\"wp-image-210167\" title=\"\" srcset=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2024\/06\/FTSE-100-ATH-Bull-Channel-Sideways-Expected.jpg 1920w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2024\/06\/FTSE-100-ATH-Bull-Channel-Sideways-Expected-300x169.jpg 300w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2024\/06\/FTSE-100-ATH-Bull-Channel-Sideways-Expected-680x383.jpg 680w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2024\/06\/FTSE-100-ATH-Bull-Channel-Sideways-Expected-768x432.jpg 768w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2024\/06\/FTSE-100-ATH-Bull-Channel-Sideways-Expected-1536x864.jpg 1536w\" sizes=\"auto, (max-width: 1920px) 100vw, 1920px\" \/><\/a><figcaption class=\"wp-element-caption\">FTSE 100 ATH, Bull Channel, Sideways Expected<\/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> moved higher last month to a new ATH in a bull channel.<\/li>\n\n\n\n<li>It was a bull bar with a big tail closing below its midpoint, so some computers will see it as a bear bar.<\/li>\n\n\n\n<li>Bear scalpers see it as a possible signal bar to sell above its high with a target of getting back to close the bull breakout gap below.<\/li>\n\n\n\n<li>It is a 4-bar bull microchannel, so traders expect the first reversal to be minor.<\/li>\n\n\n\n<li>The bulls see a bull breakout above a prior high in a bull channel. This is likely leg 3. Some bulls might argue it is strong enough for a reset. It will depend on whether the breakout gap stays open.<\/li>\n\n\n\n<li>The bears saw a bull channel with closed gaps\u2014exhaustion gaps\u2014and were able to sell new highs and make money. If limit order bears can make money, the trend is not strong.<\/li>\n\n\n\n<li>Bulls want the BOP gap to stay open as well as the microgap.<\/li>\n\n\n\n<li>Bulls will sell below the low of a prior bar and a 30 &#8211; 50% pullback of the last leg.<\/li>\n\n\n\n<li>There is quite a distance to the MA, so some bulls either took profits or might start above this bar and will look to buy lower again.<\/li>\n\n\n\n<li>Bears want a big bar like prior-March, with a big tail to turn the market more sideways.<\/li>\n\n\n\n<li>The market is clearly always long, so we should pull back here as the market gravitates to uncertainty.<\/li>\n\n\n\n<li>The market expanded the range considerably, so we might need some small bars to complete the pattern.<\/li>\n\n\n\n<li>Always in long, so traders should expect sideways to up next month.<\/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\/2024\/06\/FTSE-100-BO-Pullback-High-1-Sell-Expect-More-Up.jpg\"><img loading=\"lazy\" decoding=\"async\" width=\"1920\" height=\"1080\" src=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2024\/06\/FTSE-100-BO-Pullback-High-1-Sell-Expect-More-Up.jpg\" alt=\"FTSE 100 Weekly BO Pullback, High 1 Sell, Expect More Up\n\" class=\"wp-image-210171\" title=\"\" srcset=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2024\/06\/FTSE-100-BO-Pullback-High-1-Sell-Expect-More-Up.jpg 1920w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2024\/06\/FTSE-100-BO-Pullback-High-1-Sell-Expect-More-Up-300x169.jpg 300w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2024\/06\/FTSE-100-BO-Pullback-High-1-Sell-Expect-More-Up-680x383.jpg 680w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2024\/06\/FTSE-100-BO-Pullback-High-1-Sell-Expect-More-Up-768x432.jpg 768w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2024\/06\/FTSE-100-BO-Pullback-High-1-Sell-Expect-More-Up-1536x864.jpg 1536w\" sizes=\"auto, (max-width: 1920px) 100vw, 1920px\" \/><\/a><figcaption class=\"wp-element-caption\"><strong>FTSE 100 Weekly: BO Pullback, High 1 Sell, Expect More Up<\/strong><\/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 last week with a bear doji with a larger tail above.<\/li>\n\n\n\n<li>The bulls triggered a High 1 above a bear bar, a low-probability long entry, and the bears scalped.<\/li>\n\n\n\n<li>The bulls saw a strong spike and pullback to the prior low in a microchannel. They bought in the gap between those two bars.<\/li>\n\n\n\n<li>It was a volatility expansion pattern &#8211; big, small, big, then sideways. Traders will expect more sideways and then a second leg up.<\/li>\n\n\n\n<li>The bulls want Low 2 to fail below this bar and reverse up. But 4 bear bars might need a second leg sideways to down. That second leg might only be one more bar.<\/li>\n\n\n\n<li>The bears want a follow-through closer to the MA. Right now, they have enough distance to offset the low probability of the trade.<\/li>\n\n\n\n<li>Because we are about 30% of the pullback leg, some bulls might be waiting for more value, which is a bit lower. But buyers are waiting to participate with the tails below each bar.<\/li>\n\n\n\n<li>So likely wedge bottom on a lower time frame, the bulls need a good signal bar. We might now find more sellers up near the bull exit.<\/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<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\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 month in a bull channel, but the bar had a big tail. Who is selling? Bulls are taking profits after a strong breakout. Bears want to close the breakout gap, and bulls want a pullback to buy again. We have been in a trading [&hellip;]<\/p>\n","protected":false},"author":10339,"featured_media":210167,"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-209739","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\/06\/FTSE-100-ATH-Bull-Channel-Sideways-Expected.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\/209739","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=209739"}],"version-history":[{"count":0,"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/posts\/209739\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/media\/210167"}],"wp:attachment":[{"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/media?parent=209739"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/categories?post=209739"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/tags?post=209739"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}