In my last post I drew a line on the chart where I believed the bears would wake up properly!
It looks like FTSE may have completed a long ending diagonal from 2008/9 with a truncated
5th wave.
Well, what a week, all markets very heavily down and very probably a lot more to come!
QE, Debt, Brexit, and now coronavirus have tipped the boat and this could be the start of a long
bear market correction at Supercycle degree!
My bear market line is now broken and the bold red lines on the chart show possible targets as the
wave count develops. Initially I expect intermediate wave (1) to reach wave (3) very soon as shown.
Good Luck
It looks like FTSE may have completed a long ending diagonal from 2008/9 with a truncated
5th wave.
Well, what a week, all markets very heavily down and very probably a lot more to come!
QE, Debt, Brexit, and now coronavirus have tipped the boat and this could be the start of a long
bear market correction at Supercycle degree!
My bear market line is now broken and the bold red lines on the chart show possible targets as the
wave count develops. Initially I expect intermediate wave (1) to reach wave (3) very soon as shown.
Good Luck
a DZZ for wave (4) and is now starting wave (5)