Bullish on UK/European propertyAnother 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?
