Today you will see we have a 5 wave formation on the FTSE.
If we have topped at 5700 then we have an imminent target at 5470 below. I mentioned yesterday we have conflicting signals as a result of the big gap through the MA 200 at 5600 ( a strong buy signal). If the wave count is correct then I would expect prices to remain below 5710. If we see price action trade above 5710 and hold this level then the market could well accelerate higher in the short term towards 5840 .
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