{"id":172,"date":"2011-05-12T10:17:44","date_gmt":"2011-05-12T09:17:44","guid":{"rendered":"http:\/\/www.futurestechs.co.uk\/blog\/?p=172"},"modified":"2011-05-12T10:17:44","modified_gmt":"2011-05-12T09:17:44","slug":"ftse-technical-analysis-head-and-shoulders-forming","status":"publish","type":"post","link":"https:\/\/www.futurestechs.co.uk\/news\/2011\/05\/12\/ftse-technical-analysis-head-and-shoulders-forming\/","title":{"rendered":"FTSE Technical Analysis &#8211; Head and Shoulders forming?"},"content":{"rendered":"<p>We have sent an extra report to our customers this morning, outlining the POTENTIAL sell signal that&#8217;s looming in the FTSE Futures. Here is the text and accompanying chart:<\/p>\n<p><!--[if !mso]>\n\n\n\n<style>\nv:* {behavior:url(#default#VML);}\no:* {behavior:url(#default#VML);}\np:* {behavior:url(#default#VML);}\n.shape {behavior:url(#default#VML);}\nv:textbox {display:none;}\n<\/style>\n\n<![endif]--> We have a potential &#8220;Head and Shoulders&#8221; pattern forming in the FTSE, although the sell signal has not been given yet.<\/p>\n<p>The sell signal comes if we break the &#8220;Neckline&#8221; which is at 5851, and probably on a closing basis as well (although a &#8220;clean&#8221; break on high volume would convince me enough to take the signal &#8220;intra-day&#8221;).<\/p>\n<p>The target, using the traditional measuring technique for this pattern, would be 5600.<\/p>\n<p>Of course this also comes off the back of the recent failure at 6095, which was very similar to the February high\/failure (6086.5). The &#8220;Double Top&#8221; sell signal from this situation would only be triggered on a move through 5584.5, so a long way off yet&#8230;.<\/p>\n<p>5851 is on the radar, however, so &#8220;Watch this space!&#8221;<\/p>\n<p><a href=\"http:\/\/www.futurestechs.co.uk\/blog\/wp-content\/uploads\/2011\/05\/ftsehs.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-173\" title=\"ftsehs\" src=\"http:\/\/www.futurestechs.co.uk\/blog\/wp-content\/uploads\/2011\/05\/ftsehs.jpg\" alt=\"\" width=\"500\" height=\"307\" \/><\/a><\/p>\n<p>If you would like a free trial of our daily technical analysis reports please click on one of the links below:<\/p>\n<p>&#8220;Professional Trial&#8221;, for Traders, Fund Managers, Brokers etc click <a href=\"http:\/\/www.futurestechs.co.uk\/professional_trial\/\">HERE. <\/a><\/p>\n<p>&#8220;Website Membership&#8221; for Individual traders, suitable if you&#8217;re Spread Betting or trading CFDs click <a href=\"http:\/\/www.futurestechs.co.uk\/trial\/\">HERE. <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>We have sent an extra report to our customers this morning, outlining the POTENTIAL sell signal that&#8217;s looming in the FTSE Futures. Here is the text and accompanying chart:<br \/>\n We have a potential &#8220;Head and Shoulders&#8221; pattern forming in the FTSE, although the sell signal has not been given yet.<br \/>\nThe sell signal comes if we break the &#8220;Neckline&#8221; &#8230;<\/p>\n<p><a class=\"btn-primary entries-readmore\" href=\"https:\/\/www.futurestechs.co.uk\/news\/2011\/05\/12\/ftse-technical-analysis-head-and-shoulders-forming\/\" title=\"Read more\">Read more<\/a><\/p>","protected":false},"author":4,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[76,79,92,93,94,95,97,103,112,127,128,196,199,210,212,220,224,226,235,236,239,240,271,273,274,674,495,523,559],"class_list":["post-172","post","type-post","status-publish","format-standard","hentry","category-technical-analysis","tag-candlestick-analysis","tag-candlestick-charts","tag-cfd","tag-cfd-analysis","tag-cfd-trading","tag-cfd-trading-ideas","tag-cfds","tag-chart-patterns","tag-clive-lambert","tag-daily-candlestick-charts","tag-daily-chart-analysis","tag-footsie-analysis","tag-footsie-spread-bet","tag-ftse-100","tag-ftse-100-future","tag-ftse-futures","tag-ftse-technical-analysis","tag-ftse-trading","tag-futurestech","tag-futurestechs","tag-futuretech","tag-futuretechs","tag-head-and-shoulders","tag-head-and-shoulders-pattern","tag-head-and-shoulders-top","tag-technical-analysis","tag-technical-analysis-reports","tag-trading-cfd","tag-uk-100-analysis"],"_links":{"self":[{"href":"https:\/\/www.futurestechs.co.uk\/news\/wp-json\/wp\/v2\/posts\/172","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.futurestechs.co.uk\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.futurestechs.co.uk\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.futurestechs.co.uk\/news\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/www.futurestechs.co.uk\/news\/wp-json\/wp\/v2\/comments?post=172"}],"version-history":[{"count":0,"href":"https:\/\/www.futurestechs.co.uk\/news\/wp-json\/wp\/v2\/posts\/172\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.futurestechs.co.uk\/news\/wp-json\/wp\/v2\/media?parent=172"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.futurestechs.co.uk\/news\/wp-json\/wp\/v2\/categories?post=172"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.futurestechs.co.uk\/news\/wp-json\/wp\/v2\/tags?post=172"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}