FTSE reached my first target T1 of 6969 and has since rallied BUT the rally has hit resistance several times at the
lower red channel trendline.
Indicators are not showing oversold divergence which opens up the possibility that a further downleg is possible
to at least T2 or lower.
The EW structure is NOT clear at present and once I have more confidence in the wave pattern I will add labels.
I think this last week of October will prove volatile! Take care & good luck.
lower red channel trendline.
Indicators are not showing oversold divergence which opens up the possibility that a further downleg is possible
to at least T2 or lower.
The EW structure is NOT clear at present and once I have more confidence in the wave pattern I will add labels.
I think this last week of October will prove volatile! Take care & good luck.