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FTSE Short-Term Elliott Wave Analysis

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Short term FTSE Elliott Wave view suggests that Primary wave ((4)) ended with the decline to 7199.5. The rally up from there is unfolding asa zigzag Elliott Wave structure where Intermediate wave (A) ended at 7565.11 and Intermediate wave (B) ended at 7437.42. Intermediate wave (A) has a subdivision ofan impulse Elliott Wave structurewhere Minor wave 1 ended at 7327.5, Minor wave 2 ended at 7289.75, Minor wave 3 ended at 7527.72, Minor wave 4 ended at 7493.68, and Minor wave 5 of (A) ended at 7565.11.

Intermediate wave (B) pullback unfoldedas a double three Elliott Wave structure. Minor wave W of (B) ended at 7485.42, Minor wave X of (B) ended at 7560.04, and Minor wave Y of (B) ended at 7437.42. Intermediate wave (C) is currently in progress in 5 waves. The rally from 7437.42 low is unfolding as a diagonal where Minute wave ((i)) ended at 7532.36, Minute wave ((ii)) ended at 7478.88, Minute wave ((iii)) ended at 7580.93, and Minute wave ((iv)) ended at 7541.91. Near term, expect the Index to see another leg higher in Minute wave ((v)) before Minor wave 1 is complete and cycle from 10/25 low ends. Afterwards, Index should pullback in Minor wave 2 to correct cycle from 10/25 low in 3, 7, or 11 swing before the rally resumes. We don't like selling the Index.

FTSE 1 Hour Elliott Wave Analysis

FTSE Nov 7

ew cycle

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About the author  (by EME PROCESSING AND CONSULTING LLC) was founded in 2005 by Eric Morera. Since inception our company has provided tailored Financial Market Services to thousands of clients.

ElliottWave-Forecast has built a reputation on accurate technical analysis and a winning attitude. By successfully incorporating the Elliott Wave Theory with Market Correlation, cycles, proprietary pivot system, we provide precise forecasts with up-to-date analysis for 42 instruments including FX majors, Gold, Silver, Copper, Oil, TNX and major Equity Indices. Our clients also have immediate access to our proprietary actionable trade setups, market overview, 1 Hour, 4 Hour, Daily & weekly wave counts. Weekend webinar, Live Screen Sharing Sessions, Daily Technical Videos, Educational Resources, and 24 Hour chat room where they are provided live updates and given answers to their questions.

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