The Kiwi seems to be going into a Wave 4
I can see A B trap (a pattern that occurs within the ABC pullbacks).
If it is an abc pullback then Wave C is next
This could produce some short setups on the hourly charts.
Let's do some Wave counting on the UK100 the FTSE100
4 weeks ago, I did an analysis but it did not do that.
Now once again its showing signs of another Wave 5 down.
This is confusing me though.
Now I'm thinking all the worlds buying stocks so will they sell the UK 100 companies? lets find out
I will also use the 10 Seconds to Elliott Wave Concept to Count...