FTSE (UK100): Crab complete, watch trendline and flag...
I think this is it and the Crab has completed...
I updated the count according to what looks like an ending diagonal for circled wave 5...
Now correcting below the ending diagonal line in black and above the blue trendline for the whole of this wave...
We see a small flag here, zoom in on the hourly to see it better...
Break of the flag and thus also the blue trendline should bring us to TP1 around 7154 for the Crab and likely a little lower into the S/R zone roughly between 7120 and 6940 for TP2 of the crab, which comes in at around 6972...
I updated the count according to what looks like an ending diagonal for circled wave 5...
Now correcting below the ending diagonal line in black and above the blue trendline for the whole of this wave...
We see a small flag here, zoom in on the hourly to see it better...
Break of the flag and thus also the blue trendline should bring us to TP1 around 7154 for the Crab and likely a little lower into the S/R zone roughly between 7120 and 6940 for TP2 of the crab, which comes in at around 6972...
Comment:
Update:
Comment:
Idea here:
Comment:
After the almost perfect Gartley did its job we now need to watch out since we are back at the broken down trendline...
Short-term traders who took the Gartley should at least take partial profit.
Longterm traders should wait until TP1 for the Crab at least.
Update:
Short-term traders who took the Gartley should at least take partial profit.
Longterm traders should wait until TP1 for the Crab at least.
Update:
Comment:
TP1!
