FTSE - Still undecided?
Well, FTSE broke above the 78% fib voiding my last idea!
At present the 86.8% fib is providing resistance and the corrective pattern could be a DZZ
W,X,Y . Alternatively the correction of wave (1) could be a flat BUT the problem with this
is that a flat is a 3,3,5 structure a,b,c and I cannot find a 3 wave structure in wave b?
For now then I think that the DZZ holds the best option BUT if 7440.7 is exceeded then
the flat option may be occurring.
Comments,ideas welcome.
Good Luck
At present the 86.8% fib is providing resistance and the corrective pattern could be a DZZ
W,X,Y . Alternatively the correction of wave (1) could be a flat BUT the problem with this
is that a flat is a 3,3,5 structure a,b,c and I cannot find a 3 wave structure in wave b?
For now then I think that the DZZ holds the best option BUT if 7440.7 is exceeded then
the flat option may be occurring.
Comments,ideas welcome.
Good Luck
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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.