eWaves in Action - FTSE100
Another recent example of eWaves doing it's thing, this time on the FTSE 100 H1 chart.
W4 top was formed at a D1 S/R level with confluence at 38% retrace. TZ1 would have been forecast, at the time of the W4 top, to 6420 with confluence at another D1 S/R level.
With a confluence of S/R levels, fib retraces and expansions, BRNs, etc, there are some great low-risk / high-reward trades to be had, just about every day.
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