FTSE 100 Wave Analysis – 10 March, 2022

• FTSE 100 reversed from resistance area
• Likely to fall to support level 7000.00

FTSE 100 index recently reversed down from the resistance area located between the key resistance level 7250.00 (former support from February and January) and the 50% Fibonacci correction of the downward impulse from February .

The downward reversal from this resistance area stopped the previous intermediate impusle wave (1).

FTSE 100 can be expected to fall further toward the next round support level 7000.00