FTSE (UK100): Wedge and/or harmonic pattern(s)
Possible wedge forming, early stages (possible wave 3), watch PA to see if we make a wave 4 (possibly 3 subwaves in it), if so wave 5 may follow (likely 5-wave structure)... Divergence between 1 and 3 on the MACD, 5 should also give a lower high...
Harmonic pattern(s): With the current coordinates we could be forming a bat, PRZ around 0.886 XA...
I've also placed a Gartley PRZ on there at 0.786 XA (wave 1 of wedge could be B point, and wave 2 of wedge C...), the pattern is drawn in the background only, so that the chart doesn't get to crowded...
Wave 5 of wedge in confluence with one of the patterns PRZ's could give us a strong case for a short setup.
Harmonic pattern(s): With the current coordinates we could be forming a bat, PRZ around 0.886 XA...
I've also placed a Gartley PRZ on there at 0.786 XA (wave 1 of wedge could be B point, and wave 2 of wedge C...), the pattern is drawn in the background only, so that the chart doesn't get to crowded...
Wave 5 of wedge in confluence with one of the patterns PRZ's could give us a strong case for a short setup.
Commentaire:
Close to the level where we could see some new buying impulse...
Commentaire:
No go on the long, clean break to the downside...
Close to support again..., divergence and possible wedge on the 15min.
Close to support again..., divergence and possible wedge on the 15min.
