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FTSE Corrective Rally Still Under Construction

TVC:UKX   FTSE 100 Index
27 0 4
The FTSE             appears to be still forming a complex corrective pattern. It looks like a Horizontal Triangle wave "X"
was completed on 11/28/16. If so we can expect another "A-B-C" rally up to at least the .618 resistance at 6887.40
If that doesn't hold many times after completion of a Horizontal Triangle, the subsequent move (in this case up) is equal to the widest part of the triangle. This target is near 6920.

If the FTSE             does rally on 11/29/16 it will probably mean US stocks could rally.

Mark
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