FTSE 250 - a bullish countLots of doom and gloom out there at the moment but here is a bullish count for the mid range stocks from the FTSE UK. It suggests that once the correction is over (it might be already) then we could see a final move up to complete a 5th wave up. The bearish alternative (that I haven't put on this chart) is that the move up from 2020 was an abc B wave and we could now expect a devastating C wave down. Personally, I like the bullish count.
MIDD trade ideas
FTSE 250 - Bullish after correctionI look at one equity index and see a bearish scenario while another one can look very bullish indeed. Really not sure which way this thing is going to head right now but this is one of those charts that can perhaps be viewed in a bullish light.....More upside after correction.
FTSE 250 - caught in two mindsCaught very much in two minds as to the likely outlook for this market although EW theory would suggest that after a rally perhaps I should be looking for more downside as it is perhaps shaping up into an ABC zigzag after a pretty clear 5 waves up and 5 waves down......or then again....is this just a series of 1-2, 1-2's?