Short term Elliott Wave view in FTSE suggests that the decline to 6534.59 ended wave ((A)). Wave ((B)) bounce is in progress as a zigzag Elliott Wave structure. Up from 6534.59, wave (A) ended at 7001.94. The internal of wave (A) unfolded as a 5 waves Impulse Elliott Wave structure. Wave 1 ended at 6752.54, […]
Elliott Wave View: FTSE should extend higher after 5 waves move
This article and video explain the near term path for FTSE. Direction of the next move is likely higher provided it can hold the proposed invalidation level. An alternate count is also offered in case Index breaks below
World Indices: Why FTSE Elliott wave sequence favors to keep buying
This article and video outlines the reason why despite the big selloff in Indices in Dec 2018 and Jan 2019, the Indices remain bullish due to the incomplete bullish sequence in FTSE from two different cycles.
FTSE Elliott Wave Analysis: Started 7th Swing Lower
FTSE short-term Elliott Wave view suggests that the rally to 7790.17 high ended intermediate wave (X) bounce. Down from there, intermediate wave (Y) remains in progress with instrument showing a lower low sequence. The internals of that leg lower is taking place as double correction lower due to overlapping price action happening from 7790.17 high […]
FTSE Elliott Wave View: Calling For Another Leg Lower
FTSE short-term Elliott Wave view suggests that the bounce to 7904.97 high on 5/22/2018 peak ended primary wave ((1)). Below from there, the index is doing a pullback in Primary wave ((2)) in 3, 7 or 11 swings to correct cycle from 3/23/2018 low. Down from 7904.97 high, the decline to 7610.66 low ended the first leg […]
FTSE Elliott Wave View: Buying Opportunity Soon
FTSE short-term Elliott wave view suggests that the rally to 7903.50 high on 5/22/2018 peak ended primary wave ((1)). This rally to 7903.5 starts from 3/23/2018 low and took the form of an impulse Elliott wave structure. The index is currently in Primary wave ((2) pullback to correct cycle from 3/23/2018 low. So far the […]
