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Elliottwave-Forecast

Elliottwave-Forecast

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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…

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$FTSE is Looking to Extend Higher

Short term Elliottwave structure suggests rally from 7/8 low is unfolding as a triple three where wave (w) ended at 6579.25, wave (x) ended at 6515.24, wave (y) ended at 6698.54, and 2nd wave (x) ended at 6654.26. While pullback stays above 6654.26, Index is expected to extend 1 more leg higher towards 6810.46 - 6845.10 area 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
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