{"id":140940,"date":"2025-05-29T08:33:22","date_gmt":"2025-05-29T08:33:22","guid":{"rendered":"https:\/\/www.europesays.com\/uk\/140940\/"},"modified":"2025-05-29T08:33:22","modified_gmt":"2025-05-29T08:33:22","slug":"ftse-to-signal-market-direction-soon-video","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/uk\/140940\/","title":{"rendered":"FTSE to signal market direction soon [Video]"},"content":{"rendered":"

The short-term Elliott Wave<\/a> outlook for FTSE indicates that wave II concluded at 7560.5. This marked the start of an upward movement in wave III. Wave III is unfolding as a five-wave impulse structure, characterized by a series of higher highs and higher lows. From the wave II low, wave 1 advanced to 8021.77, followed by a pullback in wave 2 to 7599.56. The Index then resumed its upward trajectory in wave 3, with its internal subdivisions further defining the bullish momentum.<\/p>\n

Within wave 3, wave ((i)) peaked at 8166.53, followed by a corrective wave ((ii)) that found support at 7862.72. The subsequent rally in wave ((iii)) reached 8798.46, and a minor pullback in wave ((iv)) ended at 8604.8. The Index is now poised to continue its upward trend, likely completing the five-wave rally that began from the April 7 wave II low. Once this rally concludes, a larger corrective pullback is anticipated. The pullback is potentially unfolding in 3, 7, or 11 swings to correct the prior advance.<\/p>\n

Currently, the Index is approaching a critical level, nearing a break above the previous wave I peak of 8908.82, recorded on March 4, 2025. A decisive move above this level would confirm that wave II is firmly in place, ruling out the possibility of a double correction. Such a breakout would provide strong confirmation of the bullish market direction, signaling continued upward momentum in the near term.<\/p>\n

FTSE 60-minute Elliott Wave technical chart\"\"FTSE Elliott Wave technical [Video]<\/p>\n","protected":false},"excerpt":{"rendered":"The short-term Elliott Wave outlook for FTSE indicates that wave II concluded at 7560.5. This marked the start…\n","protected":false},"author":2,"featured_media":140941,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3091],"tags":[51,7425,61081,33481,61082,2441,13378,16,15],"class_list":{"0":"post-140940","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-markets","8":"tag-business","9":"tag-dax","10":"tag-elliottwave","11":"tag-equities","12":"tag-ftse","13":"tag-markets","14":"tag-technical-analysis","15":"tag-uk","16":"tag-united-kingdom"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@uk\/114590201034178578","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/140940","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/comments?post=140940"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/140940\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media\/140941"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media?parent=140940"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/categories?post=140940"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/tags?post=140940"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}