Was that just wave 3 of 3 of 1 of P3 done?
Theres 2 possibilities here for me. One is the above count. The other, an extension of the 5th wave is about to happen.
--The 3 of 3 of 1 count--
Wave 1 on the FTSE down was 136pts. 136 x 1.618 (1.618 being the normal length wave 3 is compare to wave 1) and we get 220pts
Take the top of Wave 2 which is 5468 and minus 220pts and we get 5248. FTSE low was 5253 so 5 pts off. Chart shown for FTSE. So we retrace wave 3 by 38.2 and we get 5335 for wave 4.
Apply the same to the DAX, S&P and Dow and we get a similar scenario.
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