FTSE 100 (UKX) Up $1658.3 On 4 Hour Chart, Entered Today Down 0.12%; Doji and Pin Bar Patterns Appearing on Chart

FTSE 100 4 Hour Price Update

Updated September 09, 2020 11:12 AM GMT (07:12 AM EST)

5976.12 was the closing price of the four-hour candle for FTSE 100, resulting in the current 4 hour candle being one in which price moved up 38.41% ($1658.3) from the previous 4 hours. On a relative basis, the current 4 hour candle were pretty good: FTSE 100 bested all 8 of the assets in the 8 major global equity indices class 🙂

FTSE 100 Daily Price Recap

The back and forth price flow continues for FTSE 100, which started today off at 5930.3 US dollars, down 0.12% (7.1) from yesterday. Out of the 8 instruments in the 8 major global equity indices asset class, FTSE 100 ended up ranking 3rd for the day in terms of price change relative to yesterday. Here is a daily price chart of FTSE 100.

UKX

FTSE 100 Technical Analysis

Trend traders will want to observe that the strongest trend appears on the 14 day horizon; over that time period, price has been moving down. Price action traders in particular will want to note that the 90 day period appears to show price forming a base; this could indicate that a support/resistance level is developing. For another vantage point, consider that FTSE 100’s price has gone down 9 of the previous 14 trading days. Also, candlestick traders! Note we see doji and pin bar patterns appearing here as well.

Overheard on Twitter

Behold! Here are the top tweets related to FTSE 100:

  • From truemagic68:

    Wall Street continued its decline y’day, with tech in the vanguard, based on valuation concerns – NASDAQ down 10% since Wed . Asian stock offered no solace this am- Suggested European opening calls– FTSE 100 -17 @ 5904, DAX -32 @ 12946, CAC40 -14 @ 4959, DJIA +13 @ 27520 @ 5.02am

  • From TangerineJedi:

    @ITV How bland is #AllNewITV?! Cheap reality TV shows instead of credible dramas and witty comedies. To think ITV used to be competition to BBC, now it’s lucky to be in competition with Channel 5. No wonder B&M replaced them on the FTSE 100! 💩

  • From SandyMidd:

    Holding 8 of worst FTSE 100 movers at 9am this morning. Could be a record even for me, being used to seeing 4 or 5 at a time in recent months. Maybe its just I have too many holdings. Have a good week all.