FTSE followed my predicted path from June 6th and slightly overshot my target area on strong bearish divergence. This was an expanded flat wave with a very clear C impulse wave.
If correct FTSE will now start intermediate wave (3) down to the target areas highlighted.
@TA-trade, Thanks, yes possibly , Ftse completed a leading diagonal and then retraced
76% befire falling today. This coud be wave 1 of wave 3 or wave b of a flat. As it is halfy year
Point tomorrow i dont expect any big moves until nect week or later.
SJWTradingNI
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@Geofftv1, @ 7500 again, idea still valid Geoff iyo?
Geofftv1
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@TA-trade, This idea is now violated and it looks like this latestvrise is the C wave if ab a,b,c
Correction instead. This may terminate at around 7610 the 78.6 fib level.
The US indices usually have a strong bounce at thanksgiving day this thursday so I dont think FTSE will turnnuntil next weeek.
SJWTradingNI
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@Geofftv1, hey geoff nice call btw on 7610-20, have you an update on the ftse and us? thanks
Geofftv1
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@TA-trade, US thanksgiving is over and tge US indices look to be in wave 5 of an ending diagonal which if correct should finish early next week. FTSE may have peaked around 7623 but I ecpect a bounce back to around this level on monday followed by a decline.