Categories: Technical analysis

FTSE100 Wave Analysis 8 April, 2021

• FTSE100 broke resistance level 6800.00

• Likely to reach resistance level 6966.00

FTSE100 index continues to rise after the earlier breakout of the key resistance level 6800.00 (which stopped the previous waves A and (i)).

The breakout of the resistance level 6800.00 accelerated the active minor impulse wave C of the ABC correction (2) from January.

FTSE100 is likely to rise further in the active impulse wave C toward the next resistance level 6966.00 (multi-month high from January, top of wave (C)) – followed by 7000.00.

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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Tags: FTSE100

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