{"id":213094,"date":"2024-07-20T07:00:00","date_gmt":"2024-07-20T14:00:00","guid":{"rendered":"https:\/\/www.brookstradingcourse.com\/?p=213094"},"modified":"2024-07-20T01:43:26","modified_gmt":"2024-07-20T08:43:26","slug":"ftse-100-open-breakout-gap","status":"publish","type":"post","link":"https:\/\/www.brookstradingcourse.com\/pt-br\/analysis\/ftse-100-open-breakout-gap\/","title":{"rendered":"FTSE 100 Open Breakout Gap, Bulls Swing, Bears Scalp"},"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 lower last week with an open breakout gap and BOM after a strong bull spike. TTR is also on the lower time frame, so it is time for the next pattern to start with a good breakout. But traders should wait for a BO and FT before looking for stop entries. Limit order traders only right now. A wedge pullback to the MA is a strong, long setup if there is a good signal bar.<\/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\/07\/FTSE-100-Open-Breakout-Gap-Bulls-Swing-Bears-Scalp.jpg\"><img loading=\"lazy\" decoding=\"async\" width=\"1920\" height=\"1080\" src=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2024\/07\/FTSE-100-Open-Breakout-Gap-Bulls-Swing-Bears-Scalp.jpg\" alt=\"FTSE 100 Open Breakout Gap, Bulls Swing, Bears Scalp\" class=\"wp-image-213173\" title=\"\" srcset=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2024\/07\/FTSE-100-Open-Breakout-Gap-Bulls-Swing-Bears-Scalp.jpg 1920w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2024\/07\/FTSE-100-Open-Breakout-Gap-Bulls-Swing-Bears-Scalp-300x169.jpg 300w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2024\/07\/FTSE-100-Open-Breakout-Gap-Bulls-Swing-Bears-Scalp-680x383.jpg 680w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2024\/07\/FTSE-100-Open-Breakout-Gap-Bulls-Swing-Bears-Scalp-768x432.jpg 768w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2024\/07\/FTSE-100-Open-Breakout-Gap-Bulls-Swing-Bears-Scalp-1536x864.jpg 1536w\" sizes=\"auto, (max-width: 1920px) 100vw, 1920px\" \/><\/a><figcaption class=\"wp-element-caption\">FTSE 100 Open Breakout Gap, Bulls Swing, Bears Scalp<\/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\" data-type=\"link\" data-id=\"https:\/\/www.ice.com\/products\/38716764\/FTSE-100-Index-Future\" rel=\"noopener\">FTSE 100 futures<\/a> went lower last week in a tight trading range and an open breakout gap.<\/li>\n\n\n\n<li>The bulls see a strong bull spike and a big breakout distance above the prior trading range.<\/li>\n\n\n\n<li>The bears see a higher time frame broad channel with closed breakout gaps and are trading to close them.<\/li>\n\n\n\n<li>The bears have too many bear bars now, so we probably won&#8217;t go much higher without pulling back.<\/li>\n\n\n\n<li>The bears want a second leg down but a TTR above support and the MA and the breakout point, is a bad place to sell below.<\/li>\n\n\n\n<li>The bears need to get back below the MA- but I put their 1:1 target on the chart, the gap close. No one holding short yet for a swing.<\/li>\n\n\n\n<li>The strong bull bars that kicked off the move are still in play, and I suspect the bulls will keep holding for more.<\/li>\n\n\n\n<li>Traders expected two legs sideways after a parabolic wedge. That pullback is about to end and now they likely expect trend resumption.<\/li>\n\n\n\n<li>The pain trade would be the endless pullback to the bottom of the bull spike\u2014probably 30% at best.<\/li>\n\n\n\n<li>It&#8217;s still always in long, but the always-in traders probably exited after a few bear bars and will look to buy a good buy SB around the MA.<\/li>\n\n\n\n<li>We have had a good High 1 that triggered, so now we just need a good High 2.<\/li>\n\n\n\n<li>It could fail and keep going sideways, but it was difficult for the bears to scalp already, so it is unlikely they will hold for more.<\/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\/07\/FTSE-100-Bears-Scalping-BOM-Bulls-Need-Buy-SB.jpg\"><img loading=\"lazy\" decoding=\"async\" width=\"1920\" height=\"1080\" src=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2024\/07\/FTSE-100-Bears-Scalping-BOM-Bulls-Need-Buy-SB.jpg\" alt=\"FTSE 100 Bears Scalping, BOM, Bulls Need Buy SB\" class=\"wp-image-213177\" title=\"\" srcset=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2024\/07\/FTSE-100-Bears-Scalping-BOM-Bulls-Need-Buy-SB.jpg 1920w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2024\/07\/FTSE-100-Bears-Scalping-BOM-Bulls-Need-Buy-SB-300x169.jpg 300w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2024\/07\/FTSE-100-Bears-Scalping-BOM-Bulls-Need-Buy-SB-680x383.jpg 680w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2024\/07\/FTSE-100-Bears-Scalping-BOM-Bulls-Need-Buy-SB-768x432.jpg 768w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2024\/07\/FTSE-100-Bears-Scalping-BOM-Bulls-Need-Buy-SB-1536x864.jpg 1536w\" sizes=\"auto, (max-width: 1920px) 100vw, 1920px\" \/><\/a><figcaption class=\"wp-element-caption\">FTSE 100 Bears Scalping, BOM, Bulls Need Buy SB<\/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\" data-type=\"link\" data-id=\"https:\/\/www.ice.com\/products\/38716764\/FTSE-100-Index-Future\" rel=\"noopener\">FTSE 100 futures<\/a> went lower on Friday with a small bull doji below the MA.<\/li>\n\n\n\n<li>Its breakout mode, BOM, has had more than five reversals, and with the 200 MA sloping up, I&#8217;ll give it to the bulls to lose.<\/li>\n\n\n\n<li>I marked some 1:1 targets for bears, scalping only, which keeps the market reversing at the MA.<\/li>\n\n\n\n<li>We are at the bottom of that bull spike, and bears want to break it and get a measured-move down. But they need to do more to convince me.<\/li>\n\n\n\n<li>More likely a failed bear bar below or a gap close and then a strong bull reversal.<\/li>\n\n\n\n<li>Bears see a possible wedge bear flag and second leg down. <\/li>\n\n\n\n<li>However, wedge patterns to the 200MA are great reversal setups, and many bulls (myself included) will look to buy them.<\/li>\n\n\n\n<li>A trading range so BLSHS and take quick profits.<\/li>\n\n\n\n<li>Bears would ned consecutive strong bear days next week for me to change my mind -anything else id probably a sell climax and a better reversal setup.<\/li>\n\n\n\n<li>Bulls are not losing money in this range and the bears probably have to trap them in.<\/li>\n\n\n\n<li>But they all have a wide stop and will buy more at the breakout point.<\/li>\n\n\n\n<li>It might be forming a cup and handle pattern.<\/li>\n\n\n\n<li>The reversal down was surprisingly strong, so a spike and channel bear trend are expected. However, there have been at least three legs and nested wedge bottoms now, so it is time for the next pattern.<\/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 lower last week with an open breakout gap and BOM after a strong bull spike. TTR is also on the lower time frame, so it is time for the next pattern to start with a good breakout. But traders should wait for a BO and FT [&hellip;]<\/p>\n","protected":false},"author":10339,"featured_media":213173,"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-213094","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\/07\/FTSE-100-Open-Breakout-Gap-Bulls-Swing-Bears-Scalp.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\/213094","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=213094"}],"version-history":[{"count":0,"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/posts\/213094\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/media\/213173"}],"wp:attachment":[{"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/media?parent=213094"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/categories?post=213094"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/tags?post=213094"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}