Long
RBS UK Treasury mistake?
Did the UK treasury make a mistake selling some of their stake in RBS?
Looking at this Elliott wave count suggests they might have done!
According to my count we have finished an intermediate wave 1 (leading diagonal) of a wave 3 of one larger degree
Now we are in the process of making a wave (2).
The next wave is a wave (3) of 3 which is a trader's dream to catch. I am looking for an initial target of 957.13.
I will post a further message when this wave develops.
A move over the 100 week moving average (in blue) would help with this count.
Looking at this Elliott wave count suggests they might have done!
According to my count we have finished an intermediate wave 1 (leading diagonal) of a wave 3 of one larger degree
Now we are in the process of making a wave (2).
The next wave is a wave (3) of 3 which is a trader's dream to catch. I am looking for an initial target of 957.13.
I will post a further message when this wave develops.
A move over the 100 week moving average (in blue) would help with this count.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.