markrivest

FTSE Corrective Rally Still Under Construction

TVC:UKX   FTSE 100
26 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
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out