Short
JETI - European equities - short but looking for a turn
It's all pretty obvious in hindsight isn't it.....Looks like a clear 5 waves up followed by a devastating correction in another UK investment trust, this one covering European equities. So, does that mean that at some stage this trend will resume upwards? I think it might but that there may still be some downside to come first. The 70.7 fib retracement might be worth watching. The 5th wave was exactly 1.618 of wave 1.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.