Good morning
We are currently holding the FTSE weekly binary to finish down on the week.
In terms of analysis the attached chart shows we are tracing out a B wave for wave 2. I still expect the C wave to come in today/tomorrow however the retracement may not be as low as first expecting. This can happen when we are in an extremely bullish environment. Buyers come in and snap up lower prices very quickly. The FTSE may therefore not penetrate 5720. Major support.
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