I posted a few options on Tuesday last week with regard the FTSE count and it seems the triangle count is still the favourable one. There is very big support at the 5180-5200 that the bears are having problems breaking through. The shape of the triangle is questionable but it seems its either symetrical or a descending one.
The count from the bottom though has been impulsive so far as per the chart so we'll see where this goes. I see the 3rd wave finishing at 5280 resistance which is also the area of 1 = 5 in length
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