Well, FTSE broke above the 78% fib voiding my last idea!
At present the 86.8% fib is providing resistance and the corrective pattern could be a DZZ
W,X,Y . Alternatively the correction of wave (1) could be a flat BUT the problem with this
is that a flat is a 3,3,5 structure a,b,c and I cannot find a 3 wave structure in wave b?
For now then I think that the DZZ holds the best option BUT if 7440.7 is exceeded then
the flat option may be occurring.
Comments,ideas welcome.
Good Luck
At present the 86.8% fib is providing resistance and the corrective pattern could be a DZZ
W,X,Y . Alternatively the correction of wave (1) could be a flat BUT the problem with this
is that a flat is a 3,3,5 structure a,b,c and I cannot find a 3 wave structure in wave b?
For now then I think that the DZZ holds the best option BUT if 7440.7 is exceeded then
the flat option may be occurring.
Comments,ideas welcome.
Good Luck