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FTSE100 has been labeled within a Grand Super-Cycle degree wave IV (blue), which has been unfolding ever since the Dot-Com bubble.
Structure - Expanding Flat Formation
2000 peaks and down until 2003 bottoms - Super-Cycle wave (a) (red)
2003 bottoms up until 2007 tops - Cycle wave a (black)
2007 tops and down until 2009 lows - Cycle wave b (black)
2009 lows and up until present times - Cycle wave C (black)
Cycle C (black)
Sequence - 5-Wave Sequence, with Primary Waves 1 2 3 4 5 (green) decomposed as Intermediate (A)(B)(C) (blue)
Primary Wave 5 (green)
Next expected swing
sequence in Intermediate (B) (blue)
Market Crash Forecast
Support granted at or around the 7000.00 mark and then a bull run towards the 9000.00 levels, where the Super-Cycle Wave (b) (red) is expected to complete.Super-Cycle Wave (c) (red) would reflect the next Larger Degree Recession.
Breach of the lower trend-line of the could reflect the fact that the Market Crash already started.