• 18 hours Did North Korean Hackers Just Steal $13M From Global ATMs?
  • 19 hours Asian Tech Stocks Rebound After A Tough Week
  • 20 hours Switzerland Bans New Audi, Mercedes, Porsche Imports
  • 21 hours Sealing Off The North Korea Smuggling Loophole
  • 23 hours This Tech Giant Is Pushing For Blockchain Adoption
  • 1 day Venezuela’s Gold Reserves Are Reaching Critical Levels
  • 2 days Brexit Woes Weigh On The British Pound
  • 2 days Forget Turkey, This Is The Biggest Threat To European Finance
  • 2 days There’s No Hiding From Google
  • 2 days Turkish Lira Bounces Back After Qatar Bailout Pledge
  • 2 days What Happens If Tesla Goes Private?
  • 2 days China's Most Powerful Weapon In The Trade War
  • 2 days Can The S&P 500 Shake Off Negative Sentiment?
  • 3 days Standards Go Out The Window As Employers Struggle To Fill Jobs
  • 3 days The Two Trillion Dollar Markets Amazon Hasn’t Conquered
  • 3 days Digital Supermodels Outperform Humans
  • 3 days France Could Lose Billions In EU Trade Route Redirection
  • 3 days Beer Giants Are Striking Out With Millennials
  • 3 days What Is Bakkt And Can It Take Bitcoin Mainstream?
  • 3 days Tesla’s Board Delivers A Stern Message To Elon Musk
U.S.-Turkey Tensions Take A Dangerous Turn

U.S.-Turkey Tensions Take A Dangerous Turn

U.S.-Turkey tensions have reached a…

Time To Buy A Lada? Russian Auto Sales Are Booming

Time To Buy A Lada? Russian Auto Sales Are Booming

Russia’s flagship carmaker was once…

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 Short Term Elliott Wave: Expecting a Turn

Best reading of Elliott Wave cycles suggests rally to 7129.8 ended wave W. The Index is currently in wave X pullback as a double three where wave ((w)) ended at 6930 and wave ((x)) ended at 7067.34. The Index has reached 123.6% of the ((w))-((x)) and expected to end wave X somewhere between 6745 - 6820 area for either a new high or at least a 3 waves bounce to correct the decline from 7129.8 peak. While the pullback remains above 6745, and more importantly as far as pivot at 9/12 low (6654.8) remains intact, the Index is likely to find buyers in the area above for at least a 3 waves bounce.

FTSE Short-Term Elliott Wave Analysis Chart
Larger Image

 


At Elliottwave-Forecast, we offer 24 hour coverage of 52 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 we have to offer.

 

Back to homepage

Leave a comment

Leave a comment