As ever with Elliott Wave
, it just suggests a few possibilities and the correction may in fact have further to go. This count however suggests that there is more upside for the FTSE 100
from here although how much higher it will go in this sequence is not an exact science. I have put a few possibilities on the chart but also of note is that there are a number of pivot points
looming, including yearly and monthly pivots
. I didn't include those on the chart as it would become even messier.....