Feb 24, 2010

FTSE100 - Elliott Wave update

As I expected, the corrective move bounced up to the Fibonacci levels (61.8%). With last week's expected pullback, the immediate pressure has shifted on the downside. Trading with slight downside bias, probable dropping can be expected  next couple of days. The price action already made 5 impulsive waves downside about now. We still don't have strong SELL signals.


Good luck !



3 comments:

Filipe Miguel said...

Milen, already have the 100 free charts & analysis from EWI? Regards :).

Milen Kolev said...

I did it also, but took more time.

Filipe Miguel said...

Ok, nice. Great work :).