Categories: Technical analysis

FTSE 100 Wave Analysis – 10 March 2023

• FTSE 100 falling inside (c)-wave

• Likely to reach support level 7600.00

FTSE 100 index falling sharply inside the (c)-wave of the sharp ABC correction 2 from the middle of February.

The price earlier broke the daily up channel from October, 50-day moving average and the support level 7725.00 (previous support from January).

FTSE 100 index can be expected to fall further toward the next support level 7600.00 (former multi-month high from December).

The FxPro Tech Analysis Team

The FxPro technical experts prepare a daily analysis of the most active currency pairs (majors, crosses, exotics) and commodities. Selected instruments are reviewed on daily trends (D1, H4), using the active Elliott Wave setups, Japanese candlesticks, indicators, and support/resistance levels.

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