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Geofftv1

FTSE - Ending Diagonal within Ending Diagonal.

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Índice UK 100 (TVC:UKX)  
Geofftv1  
TVC:UKX   Índice UK 100
Chart Patterns Wave Analysis
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chartpattern waveanalysis
This chart shows my idea for FTSE Cycle wave 5 which started in Jan 2016. As in my previous FTSE vs DOW chart FTSE has been in an ending diagonal since 2003 and wave 5 of this diagonal has also taken the form of an ending diagonal that completed in July 2017 at 7600.
At present FTSE looks to be completing a corrective FLAT of intermediate wave 1 which should not go above 7600 and if correct wave 3 will take FTSE down below 7200 in the near future.
Good Luck.


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