• 319 days Could Crypto Overtake Traditional Investment?
  • 324 days Americans Still Quitting Jobs At Record Pace
  • 326 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 329 days Is The Dollar Too Strong?
  • 329 days Big Tech Disappoints Investors on Earnings Calls
  • 330 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 332 days China Is Quietly Trying To Distance Itself From Russia
  • 332 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 336 days Crypto Investors Won Big In 2021
  • 336 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 337 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 339 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 340 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 343 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 344 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 344 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 346 days Are NFTs About To Take Over Gaming?
  • 347 days Europe’s Economy Is On The Brink As Putin’s War Escalates
  • 350 days What’s Causing Inflation In The United States?
  • 351 days Intel Joins Russian Exodus as Chip Shortage Digs In
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