FTSE 100 index Wave Analysis – 4 January, 2022

• FTSE 100 broke key resistance level 7500.00

• Likely to rise to resistance level 7600.00

FTSE 100 index recently broke above the key resistance level 7500.00 – which accelerated the active impulse waves 3 and (3).

The index earlier reversed up from the key support level 7400.00, former resistance level which has been repeatedly reversing the price from the middle of November.

Given the strong daily uptrend – FTSE 100 index can be expected to rise further toward the next resistance level 7600.00 (target price for the completion of the active impulse wave 3).