Here is my 4hour FTSE idea for the coming near future. It is clear that whilst the US indices continue to show strength the FTSE is reluctant to fall!
However I believe the coming week or so should see some decisive action one way or the other!
At present it looks like FTSE is correcting in wave 2 and will probably reach the fib 78% level before starting intermediate wave 3 down.
Good Luck
However I believe the coming week or so should see some decisive action one way or the other!
At present it looks like FTSE is correcting in wave 2 and will probably reach the fib 78% level before starting intermediate wave 3 down.
Good Luck
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Looks like FTSE may be creating a FLAT structure to correct the first wave I, this makes sense given the very strong DOW which is still rising!!