FTSE Elliott Wave Analysis for Monday 09/10/2023 (+ Higher TF)

8 Eki 2023

The higher timeframe gives us two equally valid scenarios. On the lower timeframe, it looks like wave X is finished. However, as long as we see too much overlap in the upward move, we cannot exclude the secondary scenario. The secondary scenario calls for two more swings as a wave (b) and (c).