- FTSE 100 index broke resistance area
- Likely to rise to resistance level 10000.00
FTSE 100 index recently broke the resistance area between the resistance level 9800.00 and the resistance trendline of the daily up channel from June.
The breakout of this resistance area accelerated the active short-term impulse wave iii of the sharp upward impulse wave 5 from the start of September.
Given the clear daily uptrend, FTSE 100 index can be expected to rise to the next round resistance level 10000.00 (target price for the completion of the active impulse wave iii).
- Likely to rise to resistance level 10000.00
FTSE 100 index recently broke the resistance area between the resistance level 9800.00 and the resistance trendline of the daily up channel from June.
The breakout of this resistance area accelerated the active short-term impulse wave iii of the sharp upward impulse wave 5 from the start of September.
Given the clear daily uptrend, FTSE 100 index can be expected to rise to the next round resistance level 10000.00 (target price for the completion of the active impulse wave iii).
By the FxPro Analyst Team
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By the FxPro Analyst Team
Follow our dedicated Telegram channel t.me/fxpro for insightful market analysis and expert commentary.
Reach out to media.comments@fxpro.com for PR and media inquiries
Follow our dedicated Telegram channel t.me/fxpro for insightful market analysis and expert commentary.
Reach out to media.comments@fxpro.com for PR and media inquiries
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.