Geofftv1

FTSE - Idea Update:

Short
TVC:UKX   UK 100 Index
9
Following on from my idea on the complete ending diagonal it now looks like FTSE is in the middle of the first corrective wave which looks like a possible A,B,C retracing to either the .618 0r .764 level of wave (5). There are multiple tests of the resistance trend line marked and my best guess is there will be a further test of this line at the B,b point and .764 level before the C wave begins.
Good Luck.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.