markrivest
Giá xuống

FTSE Corrective Pattern Top Could Be In Place

TVC:UKX   FTSE 100
34 2 5
This is an update to the FTSE             15 minute charts I posted more than a week ago.

If you want to learn Elliott wave theory observing FTSE             - UKX since 11/10/16 is a great place to start.
There is a very smooth and fast five wave decline followed by a very slow and choppy corrective pattern, in this case a Double Zigzag . So far the move up has retraced just below .618 of the prior five wave decline.

Its possible the corrective pattern may still be under construction, if so the UKX would probably not go much beyond the .618 retrace level.

UKX also provides additional clues to the US stock market reaching a peak very soon. Since UKX has been weaker than most US stock indices it would probably top before the US stock rally.

Watch UKX closely on 11/28/16, it is in an area for a low risk short and is another indicator to help catch a top in US stocks.

Mark
Thanks Mark

As a novice in EW practice I thought I had got to grips with the practical use but over the last 2 years I have take some 'hard knocks' when my EW prediction has been totally wrong! Perhaps with help from TVIEW members like yourself I can improve my skills.

Anyway I think we are now still in wave (B) of a triangle which has not completed yet and will probably meet or slightly exceed the .618 retrace line you have identified. Perhaps wave (C) will start once there is some further news like maybe a no vote in the forthcoming Italian referendum.

Geoff
Phản hồi
markrivest Geofftv1
Hi
You are correct about a triangle. Please see my latest post about the FTSE.
By the way FTSE currently has some very clear Elliott patterns.

Mark
Phản hồi
VI Tiếng Việt
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Trang chủ Sàng lọc cổ phiếu Công cụ tìm kiếm tín hiệu Forex Tìm kiếm tín hiệu Cryptocurrency Lịch kinh tế Cách thức hoạt động Tính năng Biểu đồ Quy tắc Áp dụng Người điều hành Giải pháp Website & Môi giới Widget Thư viện Biểu đồ Chứng khoán Yêu cầu tính năng Blog & Tin tức Câu hỏi thường gặp Hỗ trợ & Wiki Twitter
Hồ sơ Tùy chỉnh Hồ sơ Tài khoản và Thanh toán Ticket Hỗ trợ của tôi Liên hệ Hỗ trợ Các ý tưởng đã đăng Người theo dõi Đang theo dõi Tin nhắn riêng Trò chuyện Đăng xuất