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FTSE Intra-Day Elliott Wave Analysis

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

Intermediate wave (B) pullback ended at 7437.42 with internal subdivision of a double three Elliott Wave structure. Minor wave W ended at 7485.42, Minor wave X ended at 7560.04, and Minor wave Y of (B) ended at 7437.42. Intermediate wave (C) is currently in progress as 5 waves where Minor wave 1 ended at 7582.85. Minor wave 2 pullback is is proposed complete at7504.77. Index has since rallied againand anyone who bought at the blue box should be risk free already. As far as thedips stays above 7504.77, but more importantly above 10/25 low (7437.41), expect the Index to extend higher. We don't like selling the Index.

FTSE 1 Hour Elliott Wave Analysis

FTSE 1 Hour Nov 9

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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