FTSE IS Showing a Bullish Alt Three Drives Pattern - forex trading classes in singapore

FTSE IS Showing a Bullish Alt Three Drives Pattern ~ forex trading classes in singapore

This Fibonacci Pattern on the 240 minute chart could be showing the end of the drop in the FTSE.

The Bullish Alt 3 Drives Fibonacci Pattern, not as precise as the regular 3 Drives Pattern is nonethe less based on significant Fibonacci numbers.


As you can see in the chart, this pattern has sequence of .886 1.618 and 1.272 which are generally regarded as significant in the formation of a Fibonacci Pattern.

This particular Pattern spans the period from the end of September until now making it a relatively strong Pattern and I expect to see the price on the FTSE start to move higher in coming days.

The FTSE index is an Index of 100 companies listed on the London Stock Exchange.  For more information on the Index you can refer to Wikipedia at this page.

I am attaching a weekly chart which shows two things…..

Notice the Bullish Divergence on the Macd Histogram and the double bottom…… two signs that the decline is about to end.

More info for FTSE IS Showing a Bullish Alt Three Drives Pattern ~ forex trading classes in singapore:

Read More

FTSE Moves Higher - ifbs forex trading academy

FTSE Moves Higher ~ ifbs forex trading academy

.
The FTSE has moved higher again today, buoyed by positive expectations and some favorable financial reports.

Traders seem to be anticipating ECB stimulus that people are considering this week.

Chinese boost helps FTSE hit three-week high - Reuters UK

Tue, 20 Jan 2015 09:17:51 GMT
Reuters UKChinese boost helps FTSE hit three-week highReuters UKLONDON (Reuters) - FTSE rose for its fourth straight session on Tuesday to hit its highest level in three weeks, buoyed by growth-sensitive stocks after Chinese data beat expectations. I ...

Read more ...


FTSE 100 lifted by Chinese growth data - BBC News

 Tue, 20 Jan 2015 09:45:00 GMT
Citywire.co.ukFTSE 100 lifted by Chinese growth dataBBC NewsShares in Coca-Cola HBC fell nearly 5% after JP Morgan downgraded its rating on the company to neutral from overweight. In the FTSE 250, William Hill shares fell 4% after the bookmaker s ...

Read more ...


FTSE rises at open on ECB stimulus hopes - Yahoo News

 Tue, 20 Jan 2015 10:09:04 GMT
Yahoo NewsFTSE rises at open on ECB stimulus hopesYahoo NewsLondon (AFP) - Londons leading share index rose at the start of trading Tuesday, extending gains won a day earlier on expectations of ECB stimulus. The FTSE 100 index won 0.29 percent to 6, ...


Read more ...

More info for FTSE Moves Higher ~ ifbs forex trading academy:

Read More