Geofftv1

FTSE Update:

TVC:UKX   UK 100 Index
FTSE reached my first target T1 of 6969 and has since rallied BUT the rally has hit resistance several times at the
lower red channel trendline .
Indicators are not showing oversold divergence which opens up the possibility that a further downleg is possible
to at least T2 or lower.
The EW structure is NOT clear at present and once I have more confidence in the wave pattern I will add labels.
I think this last week of October will prove volatile! Take care & good luck.
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