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FTSE Elliott Wave Technical Analysis – 6th November, 2013

Last analysis on 14th October, 2013 expected more upwards movement for the start of a third wave. The mid term target at 7,406 has not been reached, but the structure is still incomplete. Click on the charts below to enlarge. Within intermediate wave (4) it is...

FTSE Elliott Wave Technical Analysis – 4th October, 2013

Movement below 6,386.72 invalidated last week’s FTSE analysis. This can only be a continuation of a second wave, which is likely to reach down to the 0.618 Fibonacci ratio of the first wave. Click on the charts below to enlarge. Within intermediate wave (4) it...