Just doodling initially, but this looked interesting.
Is 3800 in 18 months achievable?
It is in historic terms, but will we see it happen?
All I know is, I'm not buying UK stocks just now.
Some nice Fibonacci levels for today. I am expecting price to open and go a little higher to the 68% retracement before falling rapidly to 3338 either today or tomorrow. Lets see what happens....
Using a fib extension from the 1-Jan high to the 12-March low, and expecting the 11-Apr to be the high of the retracement, I'm now looking for a sell-off to the 100% level as an initial target at 1.4833 and a final target at the 61.8 extension (1.44768).
