My target for intermediate wave (3) black is at least 7147 but probably lower if the US indices turn.
Good Luck to all my followers.
5 waves down for Wave A
3 waves up for Wave B
5 waves down for Wave C to end the Bear Market
I hope my understanding is correct lol
supercycle FTSE correction before to compare against!
In theory the correction could be a zig-zag, flat or triangle but my own gut feeling is a very deep zig-zag lasting years.
If this is indeed to be a Supercycle correction it could well be of massive proportions and it makes me wonder just how far the market could fall.
We will have to watch closely as the structure unfolds.