Macro FTSE 100 - EWT Analysis - Ending Diagonal
Analyzing the FTSE from a Macro point of view, it seems as if we are currently printing an ending diagonal in W3. EWT paint a bearish picture. If the diagonal breaks to the downside and cannot hold price above 6750, the impulse structure has failed and will signal a retest of the low at 5600.
Brexit has caused doubt in the UK market as a whole with equities clearly taking a hit.
At the very least, I would see a test of the yellow range.
Join my telegram at t.me/colgalcapital
Brexit has caused doubt in the UK market as a whole with equities clearly taking a hit.
At the very least, I would see a test of the yellow range.
Join my telegram at t.me/colgalcapital
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