• 13 hours Trump Tweet Sends Oil Soaring 25%
  • 1 day Why The Coronavirus Economic Crash Is Worse Than You Think
  • 2 days Is A Global Currency Necessary?
  • 2 days America Has Shed 500,000 Millionaires Since The Coronavirus Lockdown Began
  • 3 days Trump Wants Another $2 Trillion Economic Intervention
  • 3 days The Surprising Businesses Deemed “Essential” During The Coronavirus Lockdown
  • 3 days Priceless Van Gogh "Spring Garden" Painting Stolen
  • 4 days Oil Falls To $20 For First Time In Nearly Two Decades
  • 4 days COVID-19 Could Be The End Of U.S. Coal
  • 4 days How Much Does Your Social Security Number Cost? $4 On The Dark Web
  • 6 days Silver Stocks Have Been Decimated In The Coronavirus Sell-Off
  • 6 days How Blockchain Tech Could Make Mergers And Acquisitions More Efficient
  • 7 days America’s Shortage Of This Metal Keeps Trump Up At Night
  • 7 days Bidet Bonanza: Defying The Toilet Paper Shortage
  • 8 days U.S. Auto Sales Fall By 75%
  • 8 days Violating Quarantine? Big Brother Is Watching
  • 9 days Does Gold Still Have Some Room To Run?
  • 9 days Major Acquisition Gives The World’s First Green Ride-Share Another Edge
  • 9 days U.S. Pushes For Digital Currency For Immediate Stimulus
  • 10 days The Impossible Challenges Created By Growing Population
How The Ultra-Wealthy Are Using Art To Dodge Taxes

How The Ultra-Wealthy Are Using Art To Dodge Taxes

More freeports open around the…

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 Elliott Wave Analysis: Looking to Extend Higher

Short term Elliott Wave count suggests that pullback to 6640 at 9/15 ended wave (X). The rally from there is unfolding as a zigzag where wave (a) ended at 6899.5, wave (b) ended at 6728.5, and wave (c) is in progress as 5 waves. Wave iii of (c) is proposed complete at 6958.5 and a pullback in wave iv of (c) is now expected to correct cycle from 8/30 (6771.2) low in 3, 7, or 11 swing before the Index turns higher again towards 6973 – 7030 area to complete wave (c) and also end cycle from 9/15 (6640) low. Afterwards, expect a bigger pullback in wave ((x)) to correct cycle from 9/15 (6640) low before Index turns higher again.

FTSE 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