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Geofftv1

FTSE - Possible Completion Of Expanded Flat.

Kort
UK 100 Index (TVC:UKX)  
Geofftv1 Uppdaterad   
TVC:UKX   UK 100 Index
Chart Patterns Wave Analysis
3
10
chartpattern waveanalysis
It looks like FTSE has completed wave C of the expanded flat correction ar tge 61.8%fib retrace and on diverging momentum. If correct intermediate wave 3 shoukd start soon and pull FTSE way belw 7000.
Good Luck.
Kommentera:
FTSE is still rising? BUT the old saying sell in May and go away may be good advice!
I think that wave 5 is extending and at 7596 will reach the 78.6% fib retrace from the top and also equal waves sum of waves 1-3. Extended 5th waves usually retrace back very sharply. Good Luck

snapshot
Kommentera:
Ftse has met my target area, watch out for steep decline next.
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