I called for a continued uptrend in this UK stock back in January 2018 and things have pretty much gone that way. With the general euphoria of the last few days in the UK markets with a Conservative landslide now might perhaps be a good time to be a bit contrarian. Either that or get egg all over my face. This count suggests that we may have topped in wave 3 and be due a 4th wave correction. I have included a 'more bullish' red count although that also is calling for a decent correction. Let's see.
Note
5th wave to follow?
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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.