FTSE has created a series of overlapping waves in what looks like a leading diagonal with wave 5 currently underway. Waves 2 and 4 have met the typical
fib retraces of a leading diagonal IE: between 61 and 81%.
If correct wave c of wave 5 should start on a clear break of the blue trendline. A clear break of the upper red trendline
would indicate this count is wrong and some other count is underway. Good Luck
fib retraces of a leading diagonal IE: between 61 and 81%.
If correct wave c of wave 5 should start on a clear break of the blue trendline. A clear break of the upper red trendline
would indicate this count is wrong and some other count is underway. Good Luck
Comment:
Wow, this FTSE up/down/up/down is difficult to work out in EW terms. Here is a possible count which still has FTSE in a leading diagonal about to start wave c of 5.
Comment:
Yes, but this is a breakaway gap and these are often not filled.