Wave 1 July 2013 low to Aug 2013 high zigzag Wave 2 August 2013 high to October 2013 low zigzag Wave 3 October 2013 low to January 2014 high zigzag Wave 4 January 2014 high to April 2014 low TRIANGLE!!! Wave 5 April 2014 lows to Today? zigzag.
So far the ending diagonal AND Wave 5 are truncated. If today is the top, then a very sharp pullback is expected, as in CAC, SPX, and INDU.
I have developed a spectral analysis tool that uses 3 to 5 band pass filters and a moving average to model markets. For the FTSE it's screaming top and sudden drop.
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