This is roughly where we appear to be in Stage 3 before the burst.
Key considerations:
Markets can move regardless of the news.
Timeline is impossible to predict. (can be extended and contracted)
Wicks can occur but are temporary with anomaly data. Large wicks are designed to scare the market, liquidate leveraged trades and invalidate technical analysis
Traditional Elliot wave analysis holds adjusted rules in leveraged markets and these allowances must be considered.
We are approaching a low before building up towards the first major burst up. As with previous analysis £0.10 is probably although as previously mentioned lower wicks are probable.
Short Term - Sort
Mid to Long Term - Long
Key considerations:
Markets can move regardless of the news.
Timeline is impossible to predict. (can be extended and contracted)
Wicks can occur but are temporary with anomaly data. Large wicks are designed to scare the market, liquidate leveraged trades and invalidate technical analysis
Traditional Elliot wave analysis holds adjusted rules in leveraged markets and these allowances must be considered.
We are approaching a low before building up towards the first major burst up. As with previous analysis £0.10 is probably although as previously mentioned lower wicks are probable.
Short Term - Sort
Mid to Long Term - Long