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Ukxlong

Important trend in important trend! Long Scenario!Hello everyone! We have an important uptrend on W1 chart and now we have on D1 chart an important uptrend too. The price make the same move on this impulse of the price, you can see it on the graph. I expect now a retracement to the trend line and after the price to continue up! Just in case: If the price breakout this high point that we have right now, i will expect the price to go to the near resistance! Go with the price ! Enjoy!
TVC:UKXLong
by BogdanUng
Elliott Wave View: Further Strength in FTSEElliott Wave view on FTSE calls the rally from February 28, 2019 low (7041) as an impulse Elliott Wave structure. An impulse is a 5 waves structure with wave 1, 3, and 5 all subdivide in 5 waves of lesser degree. Up from 7041 low, wave 1 ended at 7370.6 and wave 2 ended at 7146.29 and Wave 3 ended at 7477 peak. Up from 7146.29, wave ((i)) ended at 7222.64, wave ((ii)) pullback ended at 7160.14. Index resumes rally in wave ((iii)) at 7461.39, and wave ((iv)) ended at 7420.41 and wave ((v)) of wave 3 ended at 7477. Index should now pullback in wave 4 before the rally resumes in wave 5. Wave 4 should correct wave 3 rally from 7146.29 low. We don’t like selling the Index and expect buyers to appear to buy dips in 3, 7, or 11 swing as far as pivot at 7146.29 low stays intact.
TVC:UKXLong
by Elliottwave-Forecast
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