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Geofftv1

FTSE - Breathe Deeply updated:

Short
UK 100 Index (TVC:UKX)  
Geofftv1 Updated   
TVC:UKX   UK 100 Index
Trend Analysis Chart Patterns Wave Analysis
8
6
trendanalysis chartpattern waveanalysis
If my wavecount is correct FTSE has started intermediate wave (3) and is about to start the 3rd of 3rd wave which is usually powerful. There is a gap to fill under the major support/resistance
line and once this is broken to fill the gap I suspect the fall will accelerate. Good Luck
Comment:
Wave 3 of 3 underway!!!
Comment:
Clearly wave 3 of 3 is NOT underway and FTSE has rebounded again. This means it is likely that an expanded flat is in progress W,X,Y with wave Y just finishing wave 3 of 5. Good Luck
snapshot
Comment:
Ftse has just reached the 50% fib retrace from the top and completed possibly wave C of the flat. Momentum is heavily diverged and this level 7335 could mark the start of intermediate wave 3.
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