Sometimes the EW pattern shown by the ETF that tracks the FTSE100 is clearer than the UKX chart.
This chart of the ISF ETF shows my current idea on the FTSE100 which I believe has completed a very long
ending diagonal from 2009 at wave (5).
The 2009 trend line has been broken and then retraced back below it.
The final impulse leading up to (5) was difficult to label but the labelling shown fits with the 1.618 ratio
of wave v to waves i-iii. The downward track so far is not clear and I will attempt to label this going forward.
Good Luck
This chart of the ISF ETF shows my current idea on the FTSE100 which I believe has completed a very long
ending diagonal from 2009 at wave (5).
The 2009 trend line has been broken and then retraced back below it.
The final impulse leading up to (5) was difficult to label but the labelling shown fits with the 1.618 ratio
of wave v to waves i-iii. The downward track so far is not clear and I will attempt to label this going forward.
Good Luck