FTSE100 - Indices Trading | Elliott Wave Structures | Q2 2019

TVC:UKX   UK 100 Index
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FTSE100 - Elliott Wave Outlook

Bearish Swings - Patterns:
Flat Structure in Cycle Wave IV (green)
Primary A (turquoise) - Simple Correction
Primary B (turquoise) - Complex Flat
Primary C (turquoise) - Bearish Extension

Bullish Swings - Patterns:
Leading Diagonal in Intermediate (A) (blue)

Next expected swing:
Bearish sequence in Intermediate (B) (blue)

Structure change:
Breach of the lower trend-line could lead towards Intermediate (B) (blue) already in play.
Comment: Minor B (orange) forming a Running Flat for FTSE100 (UKX)
Comment: SELL @ 7440.00 with SL @ 7600.00 and TP @ 6920.00
Comment: FTSE100 still Bearish.
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