#FTSE #Stoxx50 When we reviewed Bitcoin just over a month ago, we’d provided a scenario which gave the potential of a visit to $61k. Given the crypto had been trading at double such a level back in October, it felt rather cruel but the logic we were employing felt fairly unassailable. However, despite our years of experience, we missed something fairly important, a signal which works out 6 times out of 10.
Despite constantly looking hard at the Bitcoin chart, we somehow managed to avoid noticing price movements had executed a fairly arguable “Head & Shoulders” pattern, an often viable trading strategy identified by an American bloke called Tom Bulkowski back in the age of dinosaurs. This trading scenario proved sufficiently successful Mr Bulkowski successfully created a career writing about it, though we disagreed (and still disagree) with his calculations for reversals as, from our perspective, he’s wrong. We obviously don’t rely on chart patterns as they’re mostly as trustworthy as a politicians commitments. A recent “instance” would be the scenario given above, our expectation being for Bitcoin to hit 61,675 and it actually appeared to bottom at 60,085 points, an error of 2.5% which doesn’t entirely suck. Tom’s arithmetic would anticipate a bottom around 67,000 dollars, rather a substantial distance above our target.
However, a proper bounce is not assured for Bitcoin. While the crypto has closed at 62,600, marginally above our drop target, it did manage to hit the $60k level intraday early in February, creating a situation when below $60,085 calculates with reversal potentials to an initial $51k with our secondary, if broken, at $43k and an almost certain bottom. Despite our criteria NOT being fulfilled for such a trauma, this is Bitcoin and liable to play by invented rules!
But of course, there’s a chance the RED uptrend on the chart shall be treated as sacrosanct. Should this be the case, above just $76,000 should be interesting, theoretically triggering the potential for recovery to an initial $87k with our secondary, if beaten, at $96k and some hesitation. Only with closure above 96k shall we dare speculate if a longer term effort in the direction of a future $136k has started.
For now, we suspect Bitcoin intends a bounce, probably to the $87k level.
FUTURES
FUTURES
| Time Issued | Market | Price At Issue | Short Entry | Fast Exit | Slow Exit | Stop | Long Entry | Fast Exit | Slow Exit | Stop | Prior |
| 9:56:31PM | BRENT | 6879.1 | |||||||||
| 10:00:48PM | GOLD | 5023.77 | |||||||||
| 10:03:21PM | FTSE | 10373 | 10316 | 10277 | 10227 | 10368 | 10428 | 10440 | 10477 | 10382 | |
| 10:05:45PM | STOX50 | 6044 | 6038 | 6032 | 6016 | 6056 | 6080 | 6105 | 6188 | 6044 | |
| 10:08:35PM | GERMANY | 25015.4 | |||||||||
| 10:11:20PM | US500 | 6950.5 | |||||||||
| 10:17:26PM | DOW | 50242.3 | |||||||||
| 10:20:01PM | NASDAQ | 25169.2 | |||||||||
| 10:23:40PM | JAPAN | 57936 | Success |
10/02/2026 FTSE Closed at 10353 points. Change of -0.32%. Total value traded through LSE was: £ 8,133,860,971 a change of 2.3%
9/02/2026 FTSE Closed at 10386 points. Change of 0.16%. Total value traded through LSE was: £ 7,950,643,906 a change of 17.72%
6/02/2026 FTSE Closed at 10369 points. Change of 0.58%. Total value traded through LSE was: £ 6,754,046,507 a change of -27.29%
5/02/2026 FTSE Closed at 10309 points. Change of -0.89%. Total value traded through LSE was: £ 9,288,693,358 a change of 0.23%
4/02/2026 FTSE Closed at 10402 points. Change of 0.85%. Total value traded through LSE was: £ 9,267,141,152 a change of 9.85%
3/02/2026 FTSE Closed at 10314 points. Change of -0.26%. Total value traded through LSE was: £ 8,436,122,979 a change of -7.8%
2/02/2026 FTSE Closed at 10341 points. Change of 1.15%. Total value traded through LSE was: £ 9,149,750,720 a change of 23.3% 
SUCCESS above means both FAST & SLOW targets were met. ‘CESS means just the FAST target met and probably the next time it is exceeded, movement to the SLOW target shall commence.
Our commentary is in two sections. Immediately below are today’s updated comments. If our commentary remains valid, the share can be found in the bottom section which has a RED heading. Hopefully, this will mean you no longer need to flip back through previous reports. HYPERLINKS DISABLED IN THIS VERSION
Please remember, all prices are mid-price (halfway between the Buy and Sell). When we refer to a price CLOSING above a specific level, we are viewing the point where we can regard a trend as changing. Otherwise, we are simply speculating on near term trading targets. Our website is www.trendsandtargets.com.
UPDATE. We often give an initial and a secondary price. If the initial is exceeded, we still expect it to fall back but the next time the initial is bettered, the price should continue to the secondary. The converse it true with price drops.
We can be contacted at info@trendsandtargets.com. Spam filters set to maximum so only legit emails get through…
Section One – Outlook Updated Today. Click here for Section Two – Outlook Remains Valid shares
Click Epic to jump to share: LSE:EXPN Experian** **LSE:IPF International Personal Finance** **LSE:OXIG Oxford Instruments** **LSE:PMG Parkmead** **LSE:SPX Spirax** **
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Updated charts published on : Experian, International Personal Finance, Oxford Instruments, Parkmead, Spirax,
LSE:EXPN Experian Close Mid-Price: 2477 Percentage Change: -0.96% Day High: 2530 Day Low: 2409
Target met. Weakness on Experian below 2409 will invariably lead to 2343p ……..
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View Previous Experian & Big Picture ***
LSE:IPF International Personal Finance. Close Mid-Price: 236.5 Percentage Change: + 0.21% Day High: 238 Day Low: 236
In the event of International Personal Finance enjoying further trades be ……..
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View Previous International Personal Finance & Big Picture ***
LSE:OXIG Oxford Instruments. Close Mid-Price: 2570 Percentage Change: + 4.47% Day High: 2615 Day Low: 2455
Target met. Further movement against Oxford Instruments ABOVE 2615 should ……..
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View Previous Oxford Instruments & Big Picture ***
LSE:PMG Parkmead. Close Mid-Price: 19.75 Percentage Change: + 8.22% Day High: 19.75 Day Low: 18.25
Target met. Continued trades against PMG with a mid-price ABOVE 19.75 sho ……..
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View Previous Parkmead & Big Picture ***
LSE:SPX Spirax. Close Mid-Price: 7820 Percentage Change: + 3.37% Day High: 7775 Day Low: 7590
Target met. Continued trades against SPX with a mid-price ABOVE 7775 shou ……..
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View Previous Spirax & Big Picture ***
*** End of “Updated Today” comments on shares. Listed below are those where commentary remains valid.
Click Epic to jump to share:LSE:AAL Anglo American** **LSE:AFC AFC Energy** **LSE:AML Aston Martin** **LSE:ASC Asos** **LSE:AV. Aviva** **LSE:AVCT Avacta** **LSE:AZN Astrazeneca** **LSE:BARC Barclays** **LSE:BBY BALFOUR BEATTY** **LSE:BLOE Block Energy PLC** **LSE:BME B & M** **LSE:BP. BP PLC** **LSE:BT.A British Telecom** **LSE:CAR Carclo** **LSE:CASP Caspian** **LSE:CCL Carnival** **LSE:CNA Centrica** **LSE:CPI Capita** **LSE:DGE Diageo** **LSE:ECO ECO (Atlantic) O & G** **LSE:EMG MAN** **LSE:EZJ EasyJet** **LSE:FGP Firstgroup** **LSE:FOXT Foxtons** **LSE:FRES Fresnillo** **LSE:GENL Genel** **LSE:GKP Gulf Keystone** **LSE:GLEN Glencore Xstra** **LSE:GRG Greggs** **LSE:HIK Hikma** **LSE:HSBA HSBC** **LSE:IAG British Airways** **LSE:IGG IG Group** **LSE:IHG Intercontinental Hotels Group** **LSE:IQE IQE** **LSE:ITM ITM Power** **LSE:ITRK Intertek** **LSE:ITV ITV** **LSE:LLOY Lloyds Grp.** **LSE:MKS Marks and Spencer** **LSE:MRO Melrose** **LSE:NG. National Glib** **LSE:NWG Natwest** **LSE:OCDO Ocado Plc** **LSE:ONT Oxford Nanopore Tech** **LSE:OPG OPG Power Ventures** **LSE:PHP Primary Health** **LSE:QED Quadrise** **LSE:RKH Rockhopper** **LSE:RR. Rolls Royce** **LSE:SAGA SAGA Plc** **LSE:SBRY Sainsbury** **LSE:SCLP Scancell** **LSE:SDY Speedyhire** **LSE:SFOR S4 Capital** **LSE:SMT Scottish Mortgage Investment Trust** **LSE:SRP Serco** **LSE:STAN Standard Chartered** **LSE:STAR Star Energy** **LSE:TERN Tern Plc** **LSE:TLW Tullow** **LSE:TRN The Trainline** **LSE:TSCO Tesco** **LSE:TW. Taylor Wimpey** **LSE:VOD Vodafone** **LSE:WG. Wood Group** **LSE:ZOO Zoo Digital** **
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Many thanks for taking the time to read this and good luck for today. Please feel free to mention us after something goes right!
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Buying, selling and investing in shares is not without risk. Market and company movement will affect your performance and you may get back less than you invest. Neither Trends and Targets Ltd, Shareprice, or Interactive Investor will be responsible for any losses that may be incurred