Τρίτη, 2 Αυγούστου 2016

London Ftse - World Markets Wave Alert

Author: Garrett
FTSE, 60MinChart

$UKX-FTSE - Micro - Aug-01 1401 PM (1 hour)
The FTSE traded nominally lower today to a new local low, but otherwise remains above all levels off support for now that need to be broken in order to signal a local top. 6660 and 6615 as still the support levels that I want to see taken out before assuming that a top is in place for either red wave v of C or blue wave iii of 3, after which 6515 - 6370 becomes support for blue wave iv of 3. As discussed yesterday, if price does not take out those support levels, I am also willing to consider an extension to 7010 for a larger wave iii of 3 in blue.

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