The wave structure in this expanded flat is wave (A) = , Wave (B) = double , W,X,Y and Wave (C) still to come.
A set of connects the points where Wave W=Y and Wave A=B and a final expanded flat looks to be in progress finishing with a possible
which may be at or very near its peak? It is always very difficult to call the final top but the extended along with and are all showing very overbought with divergence.
With a general election not too far away I expect the next few weeks to be interesting and volatile.
My 7614 level was based on 1.382 of wave a in a final expanded flat.