We have more winners, happy Easter

Since my last email two weeks ago we have made further gains on the FTSE 100.

I expected the FTSE 100 to trade within a triangle, the break above 7384.8 on Tuesday changed the pattern to an upward zigzag [(a),(b),(c)] as explained in yesterday reports:

FTSE 100 short term forecast

So we started to go short again as the next move was a decline to the support line, as I write the FTSE 100 is nearly there. We added +88 pts profit, taking the total to +382 pts in a month.

Longer term I am not sure the FTSE 100 can go to 7100, there is an alternate wave count and I will change my forecast early next week if I believe downside is limited.

I wish you all a happy Easter.

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