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Monday, August 25, 2014

FTSE 100 - Look for a continuation towards 6,816.52 before lower

FTSE 100 - Look for a continuation to 6,816.52
I'm still looking for wave B towards 6,816.52 before wave C lower takes over.

Wave A became an expanded leading diagonal and ideally we will see a break above the leading diagonal resistance-line to end the correction from 6,528.73 and set the stage for a impulsive decline in wave c to well be low 6,528.73.

Short term a break below support at 6,746.37 will confirm, that wave B is over and wave C is developing.

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