this channel contains an Elliott wave in five waves and the recent high is the top of wave 4. If however wave 4 takes the shape of a triangle, the recent high is wave (a) inside wave 4. In this scenario the FTSE will bounce back to the upper line as the current decline is wave (b) and the bounce will be wave (c). A break above the upper line ans above 6765 would...
The correction to 2157 was in five waves (falling wedge), this pattern is bullish. So it's no surprised the S&P 500 rallied in the last few days. Furthermore this rally is in five waves the fifth wave will end today. As long as the previous low remains intact there is a good chance the S&P will rally in the short term as five waves up is associated with an...
