• 13 hours Robinhood’s $40B March IPO Is In Grave Danger
  • 2 days Are Bots Responsible For GameStop’s Massive Runup? 
  • 3 days Learning From Buffett’s $11 Billion Mistake
  • 6 days The Token Boom Spawns Digital Gold Mine in Art, Collectibles
  • 6 days The “Oil Of The Future” Is Set To Soar In 2021
  • 7 days Wealthy Could End Up Footing The Bill For States’ Budget Shortfalls
  • 7 days Could This Be The Hottest Commodity Play Of 2021?
  • 8 days JP Morgan Says Fintech Will Steal The Disruptor Show
  • 10 days Facebook Plays Dirty Down Under
  • 10 days Could This Be The Most Exciting Lithium Play Of 2021?
  • 13 days China Sidelines US As EU’s New Top Trading Partner
  • 15 days 3 Smart Ways To Play the Global Chip Shortage
  • 16 days Flying Taxis Are The Number One Speculative Bull Arena
  • 17 days Ocean Power: The Missing Link
  • 22 days Luxembourg’s Ultra-Secrecy Still Attracts Hundreds Of Billionaires
  • 23 days Robinhood Is Under Fire And Trading ‘Democracy’ Is In Question
  • 24 days Bitcoin Could Be Worth $12 Trillion In The Long-Term
  • 25 days The Biggest Tech IPO Since Uber … For Farmers
  • 27 days The Biggest Boost Yet for the Cannabis Industry
  • 28 days Biden Administration Signs $231 Million Deal For At Home COVID Tests
Strong U.S. Dollar Weighs On Blue Chip Earnings

Strong U.S. Dollar Weighs On Blue Chip Earnings

Earnings season is well underway,…

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…

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