FTSE100 - Indices Trading | Elliott Wave Structures | Q2 2019
Updated
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FTSE100 - Elliott Wave Outlook
Bearish Swings - Patterns:
Flat Structure in Cycle Wave IV (green)
Primary A (turquoise) - Simple Correction
Primary B (turquoise) - Complex Flat
Primary C (turquoise) - Bearish Extension
Bullish Swings - Patterns:
Leading Diagonal in Intermediate (A) (blue)
Next expected swing:
Bearish sequence in Intermediate (B) (blue)
Structure change:
Breach of the lower trend-line could lead towards Intermediate (B) (blue) already in play.
More details about me in my signature.
FTSE100 - Elliott Wave Outlook
Bearish Swings - Patterns:
Flat Structure in Cycle Wave IV (green)
Primary A (turquoise) - Simple Correction
Primary B (turquoise) - Complex Flat
Primary C (turquoise) - Bearish Extension
Bullish Swings - Patterns:
Leading Diagonal in Intermediate (A) (blue)
Next expected swing:
Bearish sequence in Intermediate (B) (blue)
Structure change:
Breach of the lower trend-line could lead towards Intermediate (B) (blue) already in play.
Note
Minor B (orange) forming a Running Flat for FTSE100 (UKX)Note
SELL @ 7440.00 with SL @ 7600.00 and TP @ 6920.00Note
FTSE100 still Bearish.Trade closed: target reached
Target Reached!Awaiting the bullish sequence.
Note
Do you like this drop?Note
FTSE100 correction about to complete. Significant chances it could bump its head into the channel trend-line and then continue for one more sell-off.
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