Footsie Is Trading In 5th Wave

5月9日

We have been talking for a long time about bullish UK stock market index FTSE100 a.k.a. Footsie. We also shared the chart with our members more than a year ago, where we were tracking wave 4 correction within an ongoing five-wave bullish impulse.

After a longer sideways consolidation, it turned out to be a bullish triangle pattern in wave 4, but as you can see, it’s now finally and nicely extending higher for wave 5 as expected. There can be space even up to 8800 – 9400 target area, just watch out on short-term pullbacks.