{"id":215790,"date":"2024-08-24T07:00:00","date_gmt":"2024-08-24T14:00:00","guid":{"rendered":"https:\/\/www.brookstradingcourse.com\/?p=215790"},"modified":"2024-08-24T19:58:56","modified_gmt":"2024-08-25T02:58:56","slug":"ftse-100-consecutive-bull","status":"publish","type":"post","link":"https:\/\/www.brookstradingcourse.com\/pt-br\/analysis\/ftse-100-consecutive-bull\/","title":{"rendered":"FTSE 100 Consecutive Bull Bars, TTR, Broad Bull Channel"},"content":{"rendered":"\n<h2 class=\"wp-block-heading\">Market Overview: FTSE 100 Futures<\/h2>\n\n\n\n<p><span style=\"margin: 0px;padding: 0px\"><strong>The FTSE 100 futures<\/strong>\u00a0market went sideways last week with a second consecutive bull bar above the moving average. But it&#8217;s a doji. The bulls are trying to break out of this tight trading range. The channel is continuing, and that means limit order traders are doing well. Traders<\/span> who buy above or sell below anything need to scale in at a larger position. The bulls still have both moving averages and breakout gaps.<\/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\/08\/FTSE-100-Consecutive-Bull-Bars-TTR-Broad-Bull-Channel.jpg\"><img loading=\"lazy\" decoding=\"async\" width=\"1920\" height=\"1080\" src=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2024\/08\/FTSE-100-Consecutive-Bull-Bars-TTR-Broad-Bull-Channel.jpg\" alt=\"FTSE 100 Consecutive Bull Bars, TTR, Broad Bull Channel\" class=\"wp-image-215983\" title=\"\" srcset=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2024\/08\/FTSE-100-Consecutive-Bull-Bars-TTR-Broad-Bull-Channel.jpg 1920w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2024\/08\/FTSE-100-Consecutive-Bull-Bars-TTR-Broad-Bull-Channel-300x169.jpg 300w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2024\/08\/FTSE-100-Consecutive-Bull-Bars-TTR-Broad-Bull-Channel-680x383.jpg 680w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2024\/08\/FTSE-100-Consecutive-Bull-Bars-TTR-Broad-Bull-Channel-768x432.jpg 768w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2024\/08\/FTSE-100-Consecutive-Bull-Bars-TTR-Broad-Bull-Channel-1536x864.jpg 1536w\" sizes=\"auto, (max-width: 1920px) 100vw, 1920px\" \/><\/a><figcaption class=\"wp-element-caption\">FTSE 100 Consecutive Bull Bars, TTR, Broad Bull Channel<\/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><strong> <\/strong>market went sideways with consecutive bull bars last week with a bull doji.<\/li>\n\n\n\n<li>A doji is a pause. It means bears were selling above the high as much as bulls were buying, which is common in a tight trading range.<\/li>\n\n\n\n<li>The bulls closed within the last week, which suggests bulls are not willing to buy strongly above the high.<\/li>\n\n\n\n<li>The bulls have a small gap open above the bear doji from the prior week, and gaps are a sign of strength.<\/li>\n\n\n\n<li>Limit order bulls want prices to come down and fill them closer to the moving average.<\/li>\n\n\n\n<li>It&#8217;s tricky for bears. They have a big signal bar as well, and putting a stop above that bar is a skunk stop. So bears have a stop above the high.<\/li>\n\n\n\n<li>Bulls have the same issue with a far-away stop, but at least the MA is in the way for some protection.<\/li>\n\n\n\n<li>The bears did well to close the breakout point, which kept the channel intact.<\/li>\n\n\n\n<li>Traders are better off waiting for a good stop entry buy above a decent bull bar above the moving average.<\/li>\n\n\n\n<li>It&#8217;s a weak signal for next week, but I wouldn&#8217;t be selling above that bar.<\/li>\n\n\n\n<li>Always in long, to expect sideways to up.<\/li>\n\n\n\n<li>I&#8217;ll be looking to buy below last week if I can.<\/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\/08\/FTSE-100-Bears-Second-Leg-Failed-Triangle-Bull-Breakout.jpg\"><img loading=\"lazy\" decoding=\"async\" width=\"1920\" height=\"1080\" src=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2024\/08\/FTSE-100-Bears-Second-Leg-Failed-Triangle-Bull-Breakout.jpg\" alt=\"FTSE 100 Daily Bears Second Leg Failed, Triangle, Bull Breakout\n\" class=\"wp-image-215988\" title=\"\" srcset=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2024\/08\/FTSE-100-Bears-Second-Leg-Failed-Triangle-Bull-Breakout.jpg 1920w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2024\/08\/FTSE-100-Bears-Second-Leg-Failed-Triangle-Bull-Breakout-300x169.jpg 300w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2024\/08\/FTSE-100-Bears-Second-Leg-Failed-Triangle-Bull-Breakout-680x383.jpg 680w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2024\/08\/FTSE-100-Bears-Second-Leg-Failed-Triangle-Bull-Breakout-768x432.jpg 768w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2024\/08\/FTSE-100-Bears-Second-Leg-Failed-Triangle-Bull-Breakout-1536x864.jpg 1536w\" sizes=\"auto, (max-width: 1920px) 100vw, 1920px\" \/><\/a><figcaption class=\"wp-element-caption\"><strong>FTSE 100 Daily: Bears Second Leg Failed, Triangle, Bull Breakout<\/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.ice.com\/products\/38716764\/FTSE-100-Index-Future\" rel=\"noopener\">FTSE 100 futures<\/a><strong> <\/strong>market went higher on Friday with a good bull bar closing near its high so we might gap up on Monday.<\/li>\n\n\n\n<li>The bear&#8217;s spike failed to get a strong second leg. If a bear tried to scale in at 50% of higher, it would not be stuck.<\/li>\n\n\n\n<li>Other bears sold under the second entry short on Tuesday and are currently in their trade.<\/li>\n\n\n\n<li>It is not clear whether they got out breakeven. It is better for bulls if they are stuck.<\/li>\n\n\n\n<li>There is a strong bull microchannel, and the bulls bought below the low of the last strong bull bar. Their target is the high price of this trading range.<\/li>\n\n\n\n<li>But it is not clear. I think the bulls from the prior breakout who bought high and got trapped used last week to exit that trade. Now, new bulls are back in.<\/li>\n\n\n\n<li>Bears have been making money selling above new highs and scaling in.<\/li>\n\n\n\n<li>This is a triangle shape, with a higher low and lower high without a clear breakout.<\/li>\n\n\n\n<li>When it does break out, it should pull back, giving trend traders a chance to participate and profit from it.<\/li>\n\n\n\n<li>I like the gap to the MA to enter a long trade. I want to buy below something and scale in lower.<\/li>\n\n\n\n<li>Other bears see the bear inside the bar as NOT being the second leg, and they are probably right. They might need a second leg broken up into parts.<\/li>\n\n\n\n<li>It&#8217;s always in long, so 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 The FTSE 100 futures\u00a0market went sideways last week with a second consecutive bull bar above the moving average. But it&#8217;s a doji. The bulls are trying to break out of this tight trading range. The channel is continuing, and that means limit order traders are doing well. Traders who buy [&hellip;]<\/p>\n","protected":false},"author":10339,"featured_media":215983,"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-215790","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\/08\/FTSE-100-Consecutive-Bull-Bars-TTR-Broad-Bull-Channel.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\/215790","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=215790"}],"version-history":[{"count":0,"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/posts\/215790\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/media\/215983"}],"wp:attachment":[{"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/media?parent=215790"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/categories?post=215790"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/tags?post=215790"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}