FTSE In Early Phase of Decline

TVC:UKX   FTSE 100 Index
17 1 3
My last FTSE             post illustrated a possible Horizontal Triangle complete pointing to a continuation of the corrective rally.
Today 11/29/16 the Horizontal Triangle was eliminated. It now appears that the corrective pattern is complete at 6880. and the next wave down has begun. If the wave count down from 6880 is correct the FTSE             decline is about to accelerate.

FTSE target is 7240. See the bigger picture - five wave upwards thrust not yet complete. 6693 or so should be/have been completion of 4th wave (of 3). Now either rising in 5th (of 3) or continuing in sideways triangle.
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