FTSE ha just completed an expanding leading diagonal (quite rare) and minor wave 1 blue.
The wave 2 retrace may take FTSE to 61.8% fib or higher before wave 3 starts. I note that US futures in DOW & S&P have also just completed an impulse wave
down with an extended 5th wave. This may be the start of a bigger correction to come?
Good Luck
The wave 2 retrace may take FTSE to 61.8% fib or higher before wave 3 starts. I note that US futures in DOW & S&P have also just completed an impulse wave
down with an extended 5th wave. This may be the start of a bigger correction to come?
Good Luck
Comment:
If this current push goes past 7565.2, idea violated and back to drawing board!
Comment:
FTSE is in yet another diagonal! which typifies indecision at this time. US markets may have put in a top on Friday and starting a decline. If this happens expect FTSE to decline sharply.