Indeks FTSE 100
Panjang

UK100 Index Showing Good Qualties Of A Five Wave Move

414
On the Daily chart of UK100 index we are looking at a higher degree impulse taking place with price specifically trading in final wave (v) of a five wave move.
As we can see market activity displayed a five wave pattern in the previous fourth wave correction, that is also known as an Elliott Wave triangle. This is a continuation pattern that occurs prior to the final wave within higher cycle. That said we need to see a decisive break above the wave d swing of the triangle for a confirmation that correction is really over and that more upside may follow.

Penafian

Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.