Ready to short FTSE..., 1.618 BC condition was met at 6869, the exact 0.886 is at 6941..., could go up to 7016 which is 1.618 extension of possible bullish wave 1 and which might be the end of bullish wave 3.
This all in the resistance zone based on the former high...
I think this might result in a good short trade, switch to smaller TF's to try and pinpoint the top and get the best possible entry...
Alternative counts on chart for reference.
This all in the resistance zone based on the former high...
I think this might result in a good short trade, switch to smaller TF's to try and pinpoint the top and get the best possible entry...
Alternative counts on chart for reference.
Trade active:
Bat completed, not much signs of reversal yet on weekly/daily, on 1H it has slowed down and is starting to look weak though (divergence on recent tops) so phased in short entry possible from here (6940), possibly add at 7000, 7050 and 7100 ultimately.
Comment:
Looking good..., Short added at Gartley C, not bothering with any longs now, keeping shorts...
