Trading Analysis based purely on Price Action as taught by Nial Fuller at www.learntotradethemarket.com. All I post here are setups which i see fit to trade win or lose.
Wednesday, 3 February 2010
FTSE Analysis
The B wave down of Wave 2 hit the 38.2 area as posted yesterday and bounced. Preferred count now is C of 2 is underway towards 61.8% retrace of Wave 1. Alt count is c of B still to come which might take us to 50% and another wave 4 of lesser degree
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