FTSE 100 Wave Analysis – 15 April 2025

FTSE 100: ⬆️ Buy

– FTSE 100 index broke the resistance zone

– Likely to rise to resistance level 8450.00

FTSE 100 index today broke the resistance zone between the resistance level 8170.00 (which stopped the previous sharp upward correction at the start of this month) and the 50% Fibonacci correction of the sharp downward impulse (C) from March.

The breakout of this resistance zone should accelerate the active primary impulse wave 3 from the start of April.

Given the improving sentiment across the equity markets, FTSE 100 index can be expected to rise to the next resistance level 8450.00, the former support from January and March.