Geofftv1
Short

FTSE - Start of 2019?

TVC:UKX   UK 100 Index
Firstly Happy New Year to all my followers.

FTSE continues to oscillate which is typical of an ending diagonal wave.

If correct my EW count has FTSE in wave 4 blue of an ending diagonal which
may complete at the bold RED line and the end of Intermediate wave (1)

Good Luck.
Seems to have just printed an A wave (7000) of a possible ABC
Reply
Ta-Trade Ta-Trade
ABC?
Reply
Geofftv1 Ta-Trade
@Ta-Trade, Yes, very likely. Has just hit 38% fib and top of channel, possible turn here downwards.
+1 Reply
Happy New Year Geoff and thanks for the update.
My plan if I can pull it off is to sell my xuks holding at the end of the primary A wave and re buy at the top of the primary B wave, hey it sounds good lol
Reply
Chiefstorm Chiefstorm
@Chiefstorm, I should have said this is assuming the Bear Market plays out as an ABC, could just as easily play out in 5 waves though.
Reply
Geofftv1 Chiefstorm
@Chiefstorm, my idea exactly, but things dont always work as planned , lol
Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Get Help Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing Get Help Ideas Published Followers Following Private Messages Chat Sign Out