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 !

FTSE100 - Elliott Wave update

          The tape looks almost the same from Friday's close price. Fifth 5 wave seems expanded. There is one more alt. scenario, where the selling pressure might extend that fifth 5 wave, breaking more important support level  5 096, but I think the skinny dipping will be delayed few days(week). Fifths  sometimes expand around support/resistance levels , where the battle among bulls & bears is stronger.
          See you around the end of wave (2) or (B).

FTSE100 - Elliott Wave count

Our friends from UK already made their five waves down on FTSE100 index. My expectations are for corrective bounce up to the red target box next week. Full moon is coming :)))  I mean the moon has the power to make  flood tides and ebbs.

 After more than two years,  I am sure, that the full moon has the power to influence upon the stock market as well every month,,,, with no exception.