AndyM

Vive la France, for another 3 weeks.

FX:FRA40   CAC 40 index of French listed shares
CAC40, similarly to DAX             , NIKKEI, and possibly SPX             are trying to complete their movement up and the final movement before trend reversal seems to now become very clear: it's most likely an ending diagonal.

This has become apparent after the most recent upward wave has completed itself and revealed its structure. It was a zigzag with its internal subdivisions of astonishing quality. The movement up was clearly part of a motive wave, confirmed by the strong momentum of the wave upon its escape from the corrective structure. The only motive wave that can consist of zigzags is an ending diagonal . So this is what we are dealing with.

An ending diagonal consists of five zigzag waves, of which we have completed two. So, three more waves are left. Two advances, and one decline in between.

Once all waves are completed, we will see a reversal in trend. Finally. (Hopefully).
I estimate this to happen in 2-3 weeks.

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