Bullish on UK/European property
Another UK property investment trust that has had a very good run since 2009 and which I think still has further to climb, although my 5th wave target might be a bit optimistic. My feeling is that a 4th wave correction my not be over yet and may have much further to run but that eventually this will resolve to the upside. Taking a slightly more pessimistic target for a 5th wave top would be the mid line of the parallel channel. As ever, there are alternative counts and one of them concludes that 5 waves have already run their course so this count is not without risks......but then again when is that ever not the case?
Note
A good place for a top?
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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.