Did the UK treasury make a mistake selling some of their stake in RBS? Looking at this Elliott wave count suggests they might have done!
According to my count we have finished an intermediate wave 1 (leading diagonal) of a wave 3 of one larger degree Now we are in the process of making a wave (2). The next wave is a wave (3) of 3 which is a trader's dream to catch. I am looking for an initial target of 957.13. I will post a further message when this wave develops.
A move over the 100 week moving average (in blue) would help with this count.
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