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giles_t_error

Is the FTSE 2 year corrective rally coming to an end?

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UK 100 Index (TVC:UKX)  
giles_t_error Updated   
TVC:UKX   UK 100 Index
Chart Patterns Trend Analysis Wave Analysis
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2
chartpattern trendanalysis waveanalysis
The corrective rally since the 2020 low could be a 2 year triangle or rising wedge which is currently testing support. Interest rate will continue to rise and growth forecasts are being slashed. Returns from stocks will be lower than expected and a recession is highly possible.
Comment:
This caught out a lot of traders, this wave is a longterm impulsive wave to the upside
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