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elliottwaves
flagpattern
ftse100
supportandresistance
triangle
waveanalysis
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Long Scalp: Wave C of 4, targeting $8 = +15% Stop-loss: $6 Overall trend: Bearish down to approx. $5
1
FTSE100 seems to have completed the corrective structure WXY. We are now looking for a reversal, move to the upside. It is also possible that it is still correcting and there may be another corrective pattern for further downside, though unlikely given the strength of the previous move to the upside.
2
A contracting triangle trade setup for EOS. Expecting a continuation of the bull move, targeting $7 due to it being 1) a measured move from the beginning of triangle to A 2) previous support-turned-resistance zone 3) psychological level The count is invalidated if the price drops below $6.3830
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