My post of 30th Sept suggested FTSE was taking the form of a leading diagonal.
The chart pattern since then adds more weight to this idea BUT the shape of the diagonal leaves open the
possibility of a more complex pattern developing.
Either way I expect that an initial low is close and possible targets for this are shown on the chart. At 6881
wave C of the 5th wave would equal wave A and this is very close to the previous major low.
Once the low is in watch out for a snapback rally!
Good Luck
The chart pattern since then adds more weight to this idea BUT the shape of the diagonal leaves open the
possibility of a more complex pattern developing.
Either way I expect that an initial low is close and possible targets for this are shown on the chart. At 6881
wave C of the 5th wave would equal wave A and this is very close to the previous major low.
Once the low is in watch out for a snapback rally!
Good Luck