The FTSE 100 (UKX) since the February 2016 bottom is a good example.
Note the April and August tops that were followed by only moderate declines that ultimately lead to higher prices.
The decline from the January 2017 UKX top has so far been in three waves implying it is just a correction in an on going bull market.
Watch the UKX from 2/7 to 2/10. If a new price high is made with an divergence it could signal the start of a multi-month bear trend.
If FTSE does indeed get to the 7600 target area, that should be a wonderful opportunity to go short for a ride back down to the W4 low at 6674, or a drop of nearly 1,000 points. Well worth waiting for.
Thanks for the information.