8 Aug 2019 ‚óŹ 05:02 AM

British stocks sold off after weeks of heading higher on the back of the weakness in US stocks that took all by surprise. The set up so far fits a wave 2 lower top and the start of wave 3 down for weeks or months to come. This should be verified by a lower top lower bottom formation on daily charts in the days ahead. That should mean going back below the wave 1 lows.

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