• 799 days Will The ECB Continue To Hike Rates?
  • 799 days Forbes: Aramco Remains Largest Company In The Middle East
  • 801 days Caltech Scientists Succesfully Beam Back Solar Power From Space
  • 1,201 days Could Crypto Overtake Traditional Investment?
  • 1,206 days Americans Still Quitting Jobs At Record Pace
  • 1,208 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 1,211 days Is The Dollar Too Strong?
  • 1,211 days Big Tech Disappoints Investors on Earnings Calls
  • 1,212 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 1,214 days China Is Quietly Trying To Distance Itself From Russia
  • 1,214 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 1,218 days Crypto Investors Won Big In 2021
  • 1,218 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 1,219 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 1,221 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 1,222 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 1,225 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 1,226 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 1,226 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 1,228 days Are NFTs About To Take Over Gaming?
Another Retail Giant Bites The Dust

Another Retail Giant Bites The Dust

Forever 21 filed for Chapter…

Zombie Foreclosures On The Rise In The U.S.

Zombie Foreclosures On The Rise In The U.S.

During the quarter there were…

What's Behind The Global EV Sales Slowdown?

What's Behind The Global EV Sales Slowdown?

An economic slowdown in many…

Elliottwave-Forecast

Elliottwave-Forecast

Elliottwave-Forecast

Elliottwave-Forecast.com (by EME PROCESSING AND CONSULTING LLC) was founded in 2005 by Eric Morera. Since inception our company has provided tailored Financial Market Services to…

Contact Author

  1. Home
  2. Markets
  3. Other

$FTSE is Close to Ending Cycle from 2/11 Low

Short term Elliott Wave structure suggests Index ended wave X at 5788.7. Rally from there is unfolding as a triple three where wave ((w)) ended at 6229.18, wave ((x)) ended at 5958.66, wave ((y)) ended at 6612.13, and 2nd wave ((x)) ended at 6472.25. Near term, while 2nd wave (x) pullback stays above 6431.69, Index has scope to extend higher 1 more leg before ending the cycle from 2/11 low and see a larger 3 waves correction to correct the cycle from 2/11 low.

FTSE Short-Term Elliott Wave Analysis Chart
Larger Image

 


At EWF we offer 24 hour coverage of 50 instruments from Monday - Friday using Elliott Wave Theory as primary tools of analysis. We provide Elliott Wave chart in 4 different time frames, up to 4 times a day update in 1 hour chart, two live sessions by our expert analysts, 24 hour chat room moderated by our expert analysts, market overview, and much more! With our expert team at your side to provide you with all the timely and accurate analysis, you will never be left in the dark and you can concentrate more on the actual trading and making profits. Check out our 14 day Free Trial to sample everything EWF has to offer.

 

Back to homepage

Leave a comment

Leave a comment