FTSE Short Term Elliott Wave Update 12.3.2015

Short term reading of the Elliott Wave cycle suggests the rally from  wave (4) low at 6079.8 is unfolding in a double three structure where wave W ended at 6366.8, wave X ended at 6221.04, and wave Y is in progress. Internal of wave Y is unfolding also in a double three where wave ((w)) ended at 6395.3, wave ((x)) ended at 6329.9, and pair has resumed higher. As far as wave ((x)) pivot at 6328.34 stays intact, the Index is expected to resume higher in wave ((y)) of Y towards 6506 – 6574.5.

$UKX-FTSE 6020151202230135

At EWF we offer  24 hour coverage of 42 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!