FTSE possible W3 target at 7280

2016年12月30日

At 7280 FTSE will be at 1.618*W1 which is very likely the target for wave 3. Notice the Wiv low at almost exactly 38.2. The recent action appears to be a three and might be the first part of a rising wedge, or the middle part of a flat. It can also be the 5th wave of course if W4 ended at 'b'.

2017年1月1日

註釋

Several other analysts have shown the possibility of an irregular triangle for wave iv. This would place the wave iii (of 3 or C) at 6950 and explain why 'b' could be the end of wave iv (of 3 or C). If so, then the current rise from 6675 will be wave v (of 3 or C). The target of 7280 (being 1.618 * 1 or A) remains valid.

2017年1月10日

註釋

FTSE is approaching the 'perfect' W3 fib target of 7280. Unfortunately I cannot see a clean five wave count from the 6680 W4 low.