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Geofftv1
Jan 16, 2018 12:02 PM

FTSE - Turning at possible D.Top Short

UK 100 INDEXTVC

Description

FTSE was rejected at the upper blue trendline and formed a double top. look for drop to lower blue trendline. Good Luck

Comment

FTSE well on way down in the D wave of the ending diagonal, I expect this may finish about 7485 level.
Comments
Chiefstorm
Thanks Geoff, I have made an observation using a DJIA streaming chart I often look at (not sure if it's Arithmetic or Semi log).

If I measure the distance from the start of Wave 1 through to the top of Wave 3 and then take 61% of this measurement and add this to the top of Wave 3 it takes me to around 25,791, the market gapped up above this level today.
This may or may not turn out to be important but if it is and the DJIA turns then it will sit nicely with your FTSE post.

Paul
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