This chart idea has FTSE finishing a truncated 5th wave in 2007 and the 2008 crash being wave A of an expanded FLAT with wave B finishing at 1.272 wave A (common ratio)
in July 2017 around 7600. If correct FTSE is now starting wave C which will be a 5 wave impulse down finishing below the start of wave A !! Note the continuing divergence in RSI.
I hope I am wrong on this (my pension is in FTSE) but after many months examining the UK & US charts along with noting the EW theory put forward by Robert Prechter (EW International)
this year may mark the start of a major decline.
Good Luck.
in July 2017 around 7600. If correct FTSE is now starting wave C which will be a 5 wave impulse down finishing below the start of wave A !! Note the continuing divergence in RSI.
I hope I am wrong on this (my pension is in FTSE) but after many months examining the UK & US charts along with noting the EW theory put forward by Robert Prechter (EW International)
this year may mark the start of a major decline.
Good Luck.