EW Counts - UK stocks

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7/5/2020

FTSE 100 (UKX - LSE) - Choppy to bearish price action

FTSE 100 (UKX - LSE) is in ABC zigzag wave patter in 60 min time frame since last swing high. It has already completed A impulse and B wave corrective pattern in abc zigzag wave. The C wave is in 3^rd wave down, where 1^st subwave of 3^rd wave is about to over, thereafter 2^nd subwave will go up to correct it, which give an opportunity to get in to sell trade with stops above 6265 invalidation level. The price must hold the level of 6344 as invalidation level for C wave to retain the count valid. The equi-distance target of C wave will be 5780 compared wave A.

FTSE 250 (FTMC - LSE) - Choppy to bearish price action

FTSE 250 (FTMC - LSE) has completed ABC zigzag wave from from last swing low made on 19 March to 8 June high in 4 hr time frame. It is in ABC zigzag down cycle in 60 min time frame, where A & B both waves were over. It is in 3^rd wave down of C wave, but wait for 2^nd subwave pull back after 1^st subwave impulse over to get in to trade with stops above 17799 for target zone of 16050.

3I group PLC (III - LSE) - Choppy to bearish price action

3I group PLC (III - LSE) is in corrective down sequence in WXY, where Y wave down is in progress. Sell with stops above 864.60 for A wave down of Y wave, thereafter B wave will correct it which again will give trade opportunity to sell. In weekly time frame, it has completed impulse sequence and correcting it downside in complex correction.

Antofagasta PLC (ANTO - LSE) - Choppy or Bearish price action ?

Antofagasta PLC (ANTO - LSE) has completed 3^rd wave up (or C in ABC) sequence in 3 hr time frame since last major low made in March. The 5^th subwave of 3^rd (or C) wave is within ending diagonal structure, which is over now, so sell with small pull back on price with stops above 950.90 as invalidation level above high of ending diagonal for target below 890 level. In weekly time frame, it is within corrective pattern. Price should go down faster if it completed ending diagonal structure that should be keep in mind and if it consolidates then get out of trade.

Berkeley Group Holdings PLC (BKGH - LSE) - Bears taking control slowly

Berkeley Group Holdings PLC (BKGH - LSE) is in ABC wave pattern zigzag in daily time frame after impulse over in weekly time frame. In 1 hr time frame, it completed 1^st (or A) wave down and correcting in 2^nd (B) wave, which may go slight more up. Wait for confirmation that 2^nd (B) wave ended and thereafter impulse wave cycle down in 5 min time frame. Sell with stops above 2^nd wave high in pull back for 3^rd (or C) wave down. If it turns out impulse C wave, then it will go make new low below 3000 level. 

BP PLC (BP - LSE) - Bears about to attack

BP PLC (BP - LSE) is in ABC zigzag down sequence in 1 hr time frame, where it has already completed impulse A and triangle B wave. The C wave is in progress, which will be confirmed when triangle broken down below 301.10 level. Sell below with invalidation level 315.70. The alternate B wave will be more complex if price crosses above 315.70 level as wxy. So wait for respective level to brake. Here the triangle pattern is not that strong, but stock itself is under-performer to UKX, so bearish trade is possible, when three wave bounce with some divergence in smaller time frame will be good opportunity to sell.

Bunzl PLC (BNZL - LSE) - Choppy or trendy - what’s next ?

Bunzl PLC (BNZL - LSE) is in impulse up cycle in 4 hr time frame, where it has completed 3^rd wave up and correcting down in 4^th irregular complex correction wxy, where y wave is in progress. Wait for y wave to complete to get in to trade for 5^th wave up. In weekly time frame, it is in 5^th wave up. It is out-performer to UKX index and good buying candidate, when price arrived in desired region. Meantime, in 5 min time frame, after confirming impulse wave down with appropriate pull back, it can be small sell trade as UKX index supposed to bearish from current level. But always keep invalidation level ready for sell trade. 

For Historical analyses of FTSE100 (UKX) index and stocks click here. 

EW Counts - LSE Stocks (UK)

5/14/2020

3I group (III - London) - Updated EW count

3I group (III - London) is in 2^nd wave which will about to end after 5^th of c of Y up ends. But in down trending market, it’s not going down and that’s not good for this stock. Again as per EW count it is valid count un till the price triggered invalidation level.

Anglo American PLC (AAL - LSE) - Updated EW count

Anglo American PLC (AAL - LSE) is in 3^rd of 3^rd wave of 5^th impulse down sequence and moving towards the new low as shown in chart.

Barclays PLC (BARC - LSE) - Updated EW count

Barclays PLC (BARC - LSE) is in 3^rd wave of wave A down. The stock is in WXY pattern and price is in A wave of Y down.

EasyJet PLC (EZJ - LSE) - Updated EW count

EasyJet PLC (EZJ - LSE) is in 3^rd wave of C down. The stock is in ABC zigzag pattern and moving fast down as it broken down the triangle of wave B. The 2^nd was irregular flat means 4^th will be sharp up. 

Informa PLC (INF - LSE) - Updated EW count

Informa PLC (INF - LSE) is in 3^rd wave of C wave down of Y major degree.

Legal & General Group PLC (LGEN - LSE) - Updated EW count

Legal & General Group PLC (LGEN - LSE) is in 3^rd wave of A down. The Y wave will be made up of ABC correction means one more wave down expected after wave A down.  

Royal Bank of Scotland Group (RBS - LSE) - Updated EW count

Royal Bank of Scotland Group (RBS - LSE) is in 3^rd wave of 5^th wave down. It already made new low below wave 3 and broken down triangle of 4 wave. 

Persimmon PLC (PSN - LSE) - Updated EW count

Persimmon PLC (PSN - LSE) is in ABC of Y wave down. It is in 3^rd wave of A down.

Lloyds Banking Group PLC (LLOY - LSE) - Updated EW count

Lloyds Banking Group PLC (LLOY - LSE) is in 3^rd wave down of 5^th wave as a part of impulse sequence down as shown in chart.

St. James’s Place PLC (STJ - LSE) - Updated EW count

St. James’s Place PLC (STJ - LSE) is in C wave of w internal wave of Y wave as shown in chart.

Berkeley Group Holdings PLC (BKGH - LSE) - Updated EW count

Berkeley Group Holdings PLC (BKGH - LSE) is in 3^rd wave of C wave down. C wave is the part of w internal wave of major Y wave down cycle.

Compass Group PLC (CPG - LSE) - Updated EW count

Compass Group PLC (CPG - LSE) is in 3^rd of 5^th wave down of C wave down.

Intercontinental Hotels Group (IHG - LSE) - Updated EW count

Intercontinental Hotels Group (IHG - LSE) is achieved its minimum c wave target as shown in chart. For next movment the price action is now watched closely. 

WPP PLC (WPP - LSE) - Updated EW count

WPP PLC (WPP - LSE) is now making 3^rd wave down as shown in chart of major 5^th wave.   

Prudential PLC (PRU - LSE) - Updated EW count

Prudential PLC (PRU - LSE) is 3^rd of 3^rd wave of C down.

5/13/2020

Prudential PLC (PRU - LSE) - ABC wave pattern

Prudential PLC (PRU - LSE) is in ABC flat correction with small target. 3^rd of C wave down is already started and may be slide down to equal length of A or little more.

5/11/2020

Berkeley Group Holdings PLC (BKGH - LSE) - WXY wave pattern - Updated EW count

Berkeley Group Holdings PLC (BKGH - LSE) is making C wave down of internal W wave of major Y down as shown in chart. It should be start moving down faster if the the move confirms the count made.

Compass Group PLC (CPG - LSE) - ABC wave pattern - Updated EW count

Compass Group PLC (CPG - LSE) is now in 3^rd wave down of major 5^th wave of impulse pattern.

Intercontinental Hotels Group (IHG - LSE) - WXY wave pattern - Updated EW count

Intercontinental Hotels Group (IHG - LSE) is in C wave down of X wave. This trade will work for small target only.

WPP PLC (WPP - LSE) - Impulse wave down - Updated EW count

WPP PLC (WPP - LSE) is now making 3^rd wave down as shown in chart of major 5^th wave. 

3I group (III - London) - ABC wave pattern - Updated EW count

3I group (III - London) is in 3^rd wave of C down after wave B complex correction over. It is under-performer to FTSE100 index. Now price should be dropping faster.

Anglo American PLC (AAL - LSE) - Impulse wave - Updated EW count

Anglo American PLC (AAL - LSE) is moving down in impulse wave. 3^rd of wave 5 was already started moving down with relative higher volume. Wave 4 was triangle which fueled price to dip down faster.

Barclays PLC (BARC - LSE) - Updated EW count

Barclays PLC (BARC - LSE) is moving down in ABC zigzag after wave X was over. Price should now move down faster as wave 3^rd down of wave A.

EasyJet PLC (EZJ - LSE) - ABC pattern - Updated EW count

EasyJet PLC (EZJ - LSE) is moving down in ABC zigzag pattern. B wave is in triangle and has completed. Wave 2 was over and 3^rd wave down already stated moving down. It is very under-performer stock of LSE.

Informa PLC (INF - LSE) WXY pattern - Y down - Updated EW count

Informa PLC (INF - LSE) is in WXY pattern down. Wave C of wave Y down is in progress.

Legal & General Group PLC (LGEN - LSE) WXY down - X triangle - Updated EW count

Legal & General Group PLC (LGEN - LSE) is in WXY down cycle, where X wave is in triangle. Y wave down started and 3^rd wave was started moving down of A of Y major wave.

Royal Bank of Scotland Group (RBS - LSE) 5^th wave down - Updated EW count

Royal Bank of Scotland Group (RBS - LSE) is going down in impulse sequence. Wave 3^rd of 5^th down started, but wait to break trend line support to confirm the move.

Persimmon PLC (PSN - LSE) WXY down - Updated EW count

Persimmon PLC (PSN - LSE) is in WXY pattern. Wave 3^rd down of A of Y now already started moving down.

Lloyds Banking Group PLC (LLOY - LSE) 5^th wave down - Updated EW count

Lloyds Banking Group PLC (LLOY - LSE) is in impulse down sequence. 3^rd wave of wave 5 major down now under progress.

St. James’s Place PLC (STJ - LSE) - WXY down - Updated EW count

St. James’s Place PLC (STJ - LSE) is now making 3^rd wave down of wave A of Y major wave as shown in chart.

5/8/2020

Berkeley Group Holdings PLC (BKGH - LSE) - WXY wave pattern

Berkeley Group Holdings PLC (BKGH - LSE) is in WXY complex correction pattern. W is elongated zigzag followed by X wave as double three correction, which is over. Y wave down is in progress which dropped with large volume. Wave B is about to over.

Compass Group PLC (CPG - LSE) - ABC wave pattern

Compass Group PLC (CPG - LSE) is in ABC elongated wave pattern. C wave is in progress. 2^nd wave is about to end and after that it should running down faster in 3^rd wave. It is also under-performer to FTSE 100 index.  

Intercontinental Hotels Group (IHG - LSE) - WXY wave pattern

Intercontinental Hotels Group (IHG - LSE) is in WXY complex correction pattern from last bottom upside. Wave W is over having internal B wave as triangle, which resulted in quick reversal after it ended. X wave will made of ABC. B will end soon and starts C down for X wave.

WPP PLC (WPP - LSE) - Impulse wave down

WPP PLC (WPP - LSE) is in 5^th wave of C down in Daily time frame. 4^th wave was complex, which was already over and 5^th down started with high volume. Wave 1 was taken support on trend line & horizontal support line. Once it broken, the price will down faster, which is confirmation of this trade. It is also under-performer to the FTSE 100 index.

5/5/2020

St. James’s Place PLC (STJ - LSE) - WXY down

St. James’s Place PLC (STJ - LSE) is in WXY pattern. It completed X wave as complex correction in wxy wave cycle and already started Y wave down. Y wave started with A wave down as impulse and B wave as its corrective cycle. B wave will be about to end anytime now. Y wave can be divided in simple ABC or complex wxy.

Updated EW count - 5/7/2020 before market open