Timelewis, I don't normally trade the FTSE, however today has and will provide excellent trading opportunities on most indices.
fwiw, I see ftse having crashed down through R1 & R2 and currently hovering between R2 & R3, tI have just applied my settings I use to trade the DOW & DAW and I am starting to get some support at these levels.
Whilst I will not trade against the trend, I will be looking given the right conditions to eneter a long trade on this index after the implusive move has finished and the correction has begun, I will not try to pre-emp the bottom and will jump on board on the recovery move if it happens.