Technical analysis
FTSE 100 Wave Analysis 15 February, 2021
February 15, 2021 @ 18:52 +03:00
![FTSE 100 Wave Analysis 15 February, 2021 FTSE 100 Wave Analysis 15 February, 2021](https://fxpro.news/wp-content/uploads/2019/10/ftse2.jpg)
• FTSE 100 broke resistance level 6645.00
• Likely to test resistance level 6900.00
FTSE 100 index continues to advance after the price broke the resistance level 6645.00 intersecting with the 50% Fibonacci correction of the previous ABC retracement from the start of January.
The breakout of the resistance level 6645.00 was preceded by the breakout of the short-term down channel from last month.
FTSE 100 is likely to rise further toward the next resistance level 6900.00 (target price for the completion of the active impulse wave (3)).
![](https://fxpro.news/wp-content/uploads/2021/02/ftse-primary-analysis-feb-15-1730-pm-1-day-1024x479.png)