• 12 hours The Pandemic Proof $53 Billion Industry Wall Street Can’t Ignore
  • 15 hours Will Gold Hit $2,000?
  • 19 hours Trump’s Proposed Regulation Could Slow The ESG Boom
  • 2 days India To Auction 41 Coal Assets
  • 2 days Eldorado Sees Gold Production Soar In Second Quarte
  • 3 days Do Gold Stocks Still Have Upside Potential?
  • 4 days The S&P 500’s Top Companies Hold $2.5 Trillion In Debt
  • 4 days Electric Vehicle Rebound Bolsters Battery Metal Growth
  • 5 days BlackRock Makes A Run On Asian Stocks
  • 5 days Gold Prices Surge Above $1,800
  • 6 days Chinese Stocks Soar On Bullish Economic Data
  • 6 days Apple’s “Holy Grail Of Data” Leaves Energy Traders Disappointed
  • 6 days Gold Rally Adds $250 Billion To Top 50 Miners' Market Cap
  • 7 days TikTok Is Becoming A New Battleground For Tech Politics
  • 7 days Peru's Mining Industry Pummeled As Coronavirus Cases Surge
  • 7 days Why The World Is So Divided In Its COVID-19 Response
  • 8 days Equities Cheer Stellar Jobs Report, But It May Be Fleeting
  • 9 days Is Tech Billionaire Peter Thiel Done With Trump?
  • 9 days Musk Takes To Twitter To Troll The SEC
  • 10 days Lunar Mining May Commence As Early As 2025
Zombie Foreclosures On The Rise In The U.S.

Zombie Foreclosures On The Rise In The U.S.

During the quarter there were…

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 Intra Day Elliott Wave Analysis

FTSE Elliott Wave view suggests that Primary wave ((4)) ended with the decline to 7199.5. Up from there, rally is unfolding as an impulse Elliott Wave structure where Minor wave 1 ended at 7327.5 and Minor wave 2 ended at 7289.75. Rally to 7494.34 ended Minor wave 3, and pullback to 7473.12 ended Minor wave 4. The last leg Minor wave 5 ended at 7565.11 and this also ended Intermediate wave (A) of a zigzag Elliott Wave structure from 9/15 low (7199.5).

Intermediate wave (B) is currently in progress as a double three Elliott Wave structure. From 7565.11 high, Minor wave W ended at 7485.42 and Minor wave X bounce ended at 7560.04. Near term, while bounces stay below 7565.11, expect the Index to turn lower towards 7431 – 7481 area to complete Intermediate wave (B). Afterwards, Index should resume the rally to new high or at least bounce in 3 waves. We don’t like selling the proposed pullback.

FTSE 1 Hour Elliott Wave Analysis

 

Back to homepage

Leave a comment

Leave a comment