UK100 CFD
UK100 (FTSE) - LIKELY TO DO A THIRD UPWARDS?UK100 has a clear 5 wave up from COVID-19 lows.
This is either an ABC pattern or a five-wave impulse. In either case, we should anticipate a significant move. Such big moves sometimes come after sentimental extremes or events - which is much awaited.
If this transpires, would be led by a commodity-led rally, which would in turn imply a weak dollar, loose liquidity, and high inflation. Let's keep a close watch on this.
FTSE100 indexIs the UK index or the FTSE100 index ready for a big rally in the coming days ??charts show a highly bullish breakout and also sustaining above the resistance of 7600 levels , index has almost 20% upside open before any major hurdles , 6 days to go for monthly candle closing and a closing above 7600 levels can give a confirmation of coming rally , view invalid if monthly candle closes below
UK100 is Going DOWNWith My Analysis I belive it Fuel prices are going up which cause economy to slow down thats why i belif that uk100 will have to fall .