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Geofftv1
Dec 7, 2017 10:11 AM

FTSE - 4Hr Update Short

UK 100 INDEXTVC

Description

FTSE is currently in minor wave 3 of Intermediate wave (3) downwards. Next targets down are 7200 and 7100.
Good Luck

Comment

Yet another flat correction? FTSE not giving up ground easily!

Comments
VishalShah9
Full of tricks this FTSE....
Geofftv1
@VishalShah9, yes it is, whstvdoes Thiery say about current structure?
VishalShah9
@Geofftv1, we are in Wave 2 blue which should end at current levels. But..... Mix of bullish and bearish indicators, thin volume during Christmas and Trump driving S&P relentlessly..... this market has gone crazy IMO.
VishalShah9
@Geofftv1, well well..... crazy day today? I know at some stage you mentioned potential new ATH given the sideways move. Did you expect this today?

Think Wave 5 now is yet to come and depends on when this Wave 3 ends... totAlly our is kilt with US indices. Thoughts?
Geofftv1
@VishalShah9, We are obviously not in wave 2 which voids the previous ideas! I will look back at the bigger picture to try and see if I can see another pattern.
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