EWChartist
Short

FTSE Wave count on Daily Timeframe

INDEX:FTSE   FTSE 100 Index
78 3 3
Hi traders...? once again we have another chance of riding the 5th wave. We expect it to be a normal wave guys. Happy Pipping
EWChartist EWChartist
Points to note...
1. Major Wave 3 was an extended wave extending 200.00% of Major Wave 1.
2. Major wave 4 corrective structure developing into a "FLAT".
3. We have two chances of going short here riding the "b" wave to the south and the Major Wave 5 to complete a 5 wave count
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EWChartist EWChartist
Yet again this would be a LOW RISK and HIGH REWARD trade setup guys. Happy Pipping
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