(Previous chart seems to have put SPY rather than FTSE???)
The new over the last week has been awful yet FTSE has stormed up back to the previous high?
This updated chart suggests that FTSE is completing either wave (2) or B, time will tell which!
At present an ending diagonal looks to be occurring and given today is the last trading day before
easter it will be interesting to see if FTSE can break the previous high and reach the 38% fib retrace
at 5951 OR give up and fall?
Either way I expect a reversal soon and new lows in the weeks ahead.
Good Luck and stay safe.
The new over the last week has been awful yet FTSE has stormed up back to the previous high?
This updated chart suggests that FTSE is completing either wave (2) or B, time will tell which!
At present an ending diagonal looks to be occurring and given today is the last trading day before
easter it will be interesting to see if FTSE can break the previous high and reach the 38% fib retrace
at 5951 OR give up and fall?
Either way I expect a reversal soon and new lows in the weeks ahead.
Good Luck and stay safe.