FTSE (and DAX)

So with recent market action, especially in the FTSE, my previous post  "FTSE vs DAX conundrum" seems to have answered itself.

As wave 4's cannot enter wave 1 price action, then it looks like 5 waves completed up on 14th March and we are now in
Either
an A-B-C correction (currently in C down)

OR (more bearish)
a new move down and we are in a wave 3

IF ABC then once complete the BULL run should resume and we see new highs...
IF new move down, once 3 completes we should see a corrective move up then NEW LOWS.

FTSE DAILY CHART

DAX DAILY