Ive got 2 counts for the FTSE. One is we're still in the B wave triangle before we get the final 5 waves up to complete C of the Z wave and P2.
The other is we've started final 5 up and wave 1 is now complete. Wave 2 is in progress and 61.8 can take it all the way down to 5236. This count all presumes that we had a Flat B wave and discounts the volality that the Dubai drop had
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