Anyone scalping the FTSE Futures??

5 waves & a fork

FTSE 4 hour

Not really into EW but sometimes it fits.
 

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@Elerianm 11 minutes ago

FYI, today's decent #Eurozone #PMI and solid #Germany data point to beneficial combined impact of weaker #oil ,depreciated #Euro & @ECB #QE
 
Dax weekly

One for the Dax but if it trades back through 12000 it could still be on a wave 3

Just my thoughts
 

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I'm loking at a daily candle chart on Dax and can see 2 areas (Jan 2014 and Jun 2014) where dax had a long run up and spent 7 days consolidating with big swings up and down before moving higher.
We are currently on day 5 of the next consolidation IMO.
 
I'm loking at a daily candle chart on Dax and can see 2 areas (Jan 2014 and Jun 2014) where .............................................................................
We are currently on day 5 of the next consolidation IMO.

so massive upside once consol done
 
hi DL

does wave 3 have a fibonaci relationship to wave 1? ie is it 1.618 times wave 1?

Not sure SD you need to google the rules, I use the forks to show possible turning areas but I am using other analysis as well, check out the monthly chart it shows 5 clear waves up but how long is wave 5? So many way to look at it :confused:


Dax chart
 
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