This chart is an alternative to my DZZ ide on 15th Sept and has FTSE in a falling wedge. Currently wave 4 is underway which when complete should lead to final wave 5 finishing at around 7160 sometime next week.
Good Luck
Good Luck
Komen:
FTSE in wave 4 of wedge, should make 7409ish before wave 5 starts.
Komen:
Komen:
The current strength in FTSE has violated the falling wedge idea. If FTSE goes past the end of wave 2 at the red line then it very much looks like the recent rise is in fact an impulse wave. If FSTE falls in a 5 wave decline before reaching the red line then the whole structure may be intact BUT forming an expanding leading diagonal?
Ideas , comments are welcome.
Ideas , comments are welcome.