Geofftv1

FTSE - Update

TVC:UKX   UK 100 Index
I think that the first wave down from the top is almost complete as an expanding leading diagonal, albeit
the shape is not exactly textbook!
However there is now marked divergence on the 4hr chart and what looks like an ending diagonal to
complete the c wave of the 5th wave. If correct next week may see a further small fall to complete
the pattern followed by a relief rally. Good Luck.
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