Here's a chart that I like (possible kiss of death) for it's apparent adherence to EW theory and bullish outlook, with a nice clear wave count, decent fib measurements and alternation too. With my central bank, the Bank of England, declaring an economic downturn on a scale not seen for 300 years are they are offering a massive contrarian buy signal? I'm with the...
FTSE 250 compared to Feb 18 Suggests a low of about 1680, recovery to 2040 then a new low in April of 1600. 20% drop is already in. Extreme bear case where two arrows are equivalent is grey line, implies 800 !
Suggests current drop extends to 14.25% before full recovery.