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Geofftv1
Sep 25, 2019 9:28 AM

FTSE - Update Short

UK 100 INDEXTVC

Description

FTSE could not pass the 50% fib retrace level and has now broken under the lower trendline, kissed it
back and fallen away in wave iii pink.

If correct this complete wave 1 blue of intermediate wave (3) black which should eventually take FTSE
well below 7000.

Good Luck
Comments
wmay11
Thanks for the post, we getting close, retesting the 50% again.
Geofftv1
@wmay11, yes, the strong surge today voids my EW count which may be taking a more complex correction.
As end Sept is tge 3rd qtr end i suspect fubd managers want a strong finish and Ftse may move to tge 61% fib.
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