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FTSE: Elliottwave Structure calling for another high after pullback

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Dec 1, 2015.

  1. Sandra S.

    Sandra S. Forum Member

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    Short term reading of the Elliott Wave cycle suggests the rally from wave (4) low at 6079.8 is unfolding in a double three structure where wave W ended at 6366.8, wave X ended at 6221.04, and wave Y is in progress. Internal of wave Y is unfolding also in a double three where wave ((w)) ended at 6395.3 and wave ((x)) is in progress towards 6278.6 – 6320.3 area before higher again. As far as wave X pivot at 6221.04 stays intact during wave ((x)) pullback, the Index is expected to resume higher

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