Geofftv1

FTSE - Update

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TVC:UKX   UK 100 Index
FTSE could not pass the 50% fib retrace level and has now broken under the lower trendline, kissed it
back and fallen away in wave iii pink.

If correct this complete wave 1 blue of intermediate wave (3) black which should eventually take FTSE
well below 7000.

Good Luck
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