FTSE 100 Wave Analysis – 1 November, 2021

• FTSE 100 broke key resistance level 7285.00

• Likely to rise to resistance level 7400.00                                                                 

FTSE 100 index continues to rise after the price broke the key resistance level 7285.00 (previous monthly high from October).

The breakout of the resistance level 7285.00 accelerated the active intermediate impulse wave (5).

Given the clear multi-month uptrend, FTSE 100 index can be expected to rise further toward the next resistance level 7400.00.