In previous posts I have indicated the FTSE will likely fall when the US markets top out, this looks to have occurred late last week.
FTSE is in minute wave 1 down and will likely complete at around 7345 which is the fib 61.8 retrace of previous impulse and hitting
the bottom red trend line. Note these trend lines were acting as resistance BUT now will act as support.
Good Luck.
FTSE is in minute wave 1 down and will likely complete at around 7345 which is the fib 61.8 retrace of previous impulse and hitting
the bottom red trend line. Note these trend lines were acting as resistance BUT now will act as support.
Good Luck.
This retrace may go to fib 38.2 or 61.8 depending on what happens with US markets
which are also retracing minor wave 1.
After this retrace expect a sharp dip down in minor wave 3.
Good Luck