FTSE Forecasting The Rally From The Blue Box

In this technical blog we’re going to take a quick look at the Elliott Wave charts of FTSE index published in members area of the Elliottwave-Forecast . As our members know FTSE reached our target zone in the June cycle at 639.9–5231.02 area and found buyers. FTSE is another instrument that has given us nice rally from the Blue Box area recently. The index ended cycle from the June 8th peak as Double Three pattern. Which is also know as 7 swings. In further text we’re going to explain the forecast and Elliott Wave Pattern.

Before we take a look at the real market example, let’s explain Elliott Wave Double Three pattern.

Elliott Wave Double Three Pattern

FTSE 4 Hour Elliott Wave Analysis 11.02.2020

FTSE 4 Hour Elliott Wave Analysis 11.10.2020

Keep in mind that market is dynamic and presented view could have changed in the mean time. You can check most recent charts in the membership area of the site. Best instruments to trade are those having incomplete bullish or bearish swings sequences. We put them in Sequence Report and best among them are shown in the Live Trading Room.

Source: https://elliottwave-forecast.com/elliottwave/ftse-forecasting-rally-blue-box/

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