Left a load of shorts on the FTSE from as high as the 6790s then fell asleep!
Woke up to 101 points!
Woke up to 101 points!
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DislikedFTSE100 Update I think the green wave iv has yet to be completed. The 50% retracement is around 6701. {image}Ignored
DislikedFTSE 100 Corrections should come with a serious mental health warning. We have reached a 50% correction in green wave iv at 6701 and must stay above the 6666 area otherwise the count will be in the bin. It does fit in nicely with a 20-week cycle low. It's also 5 weeks since the first wave a of the correction. So we should be looking for the start of a 5-wave move up to the green wave iii area at 6895 to form green wave a of wave v. A 61.8% projection in green wave v would get to 6949. The all time high being 6950. In the bigger picture the next...Ignored