Hi Everybody.
A few user have asked about the position of the FTSE100 (UK Stock market) on a Daily Chart.
So please take a look at the chart to the left, where we can see how the DP nailed the low perfectly on Mar 6. And since then the FTSE has rallied very nicely. It is always nice to nail the very day a major turn unfolds
But what now, well although we are at the “initial target” form the low (DP from the last minor high) because the weekly chart has put in a Wave 5 low (not shown) I suspect that this will only be a minor high. But we will have to wait and see how the next few weeks unfolds.
So for now the position is that we have made a very important low on Mar 6.
Thanks, Steve
A few user have asked about the position of the FTSE100 (UK Stock market) on a Daily Chart.
So please take a look at the chart to the left, where we can see how the DP nailed the low perfectly on Mar 6. And since then the FTSE has rallied very nicely. It is always nice to nail the very day a major turn unfolds
But what now, well although we are at the “initial target” form the low (DP from the last minor high) because the weekly chart has put in a Wave 5 low (not shown) I suspect that this will only be a minor high. But we will have to wait and see how the next few weeks unfolds.
So for now the position is that we have made a very important low on Mar 6.
Thanks, Steve
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