FLT is another I work on with Chart Analysis and a couple of things has sparked my interest today
1st : Nice with great timing across all time frames of the Stochastics
We had a positive divergence recently on the 2 & 4hr triggering the recent jump for W1 and now looking for it to bottom on W2. I dont buy in anticipatiion, as usual I'll wait for waves i and ii to complete to give better confirmation that we have seen the bottom. Of cousre this waiting exercise allows time to see that W2 holds above the recent low on the 13th. Loads of times, what was meant to be W2 didnt eventuate after it drops below the recent low resulting in the count starting all over again. This technique has saved my backside form getting in to early many times. now Im following the 1hr and also you'll note the large 3d (3day) positive divergence. These usually take a while to play out and usually is seen in the first full 5 waves up to complete the larger W1. So what Im saying is im expecting the first major wave up to have some guts to it.