Short-Term FTSE 100 Elliott Wave Analysis

Published 29th October 2018

The main question for the FTSE 100 is if wave action since mid-October completed the final wave of a leading diagonal or not. An irregular flat is depicted in black and implies further extension potential to the downside. We slightly prefer that version. All in all, UK equities are most likely very near to a countertrend bounce. It has the potential to target 7,500 points until year end.

The analysis above is a historical abstract of our FTSE 100 Premium Analysis. Subscribers can access multiple timeframes, which are not displayed on this page.