FTSE 100 (UK)  Elliott Wave Analysis Trading Lounge Day Chart.

FTSE 100 (UK) Elliott Wave technical analysis

Function: Trend.

Mode: Impulsive.

Structure: Orange wave 5.

Position: Navy blue wave 3.

Direction next lower degrees: Navy blue wave 4.

Details: Orange wave 4 looking completed. Now orange wave 5 of navy blue wave 3 is in play.

Wave cancel invalid level: 7760.18.

The FTSE 100 Elliott Wave Analysis for the day chart offers a detailed examination of the current market trend using Elliott Wave Theory. This analysis is primarily concerned with identifying and predicting the direction and stages of the market trend. The function identified in this analysis is trend, indicating that the market is following a clear directional path rather than experiencing sideways movement or correction.

The mode of the trend is described as impulsive, which means the market is experiencing a strong and sustained movement in one direction, typically indicative of bullish or bearish momentum. The specific wave structure being analyzed is orange wave 5, which forms part of a larger wave sequence known as navy blue wave 3. This positioning within the wave structure suggests that the market is in an advanced stage of an upward trend.

Currently, the market is positioned within navy blue wave 3, and the analysis indicates that orange wave 4 has been completed. This completion signifies the end of a corrective phase within the broader upward trend. Following this, the market is now in the phase of orange wave 5, which is part of navy blue wave 3. The initiation of orange wave 5 typically marks a continuation of the strong upward movement, suggesting further bullish momentum.

The direction for the next lower degrees points towards navy blue wave 4, which implies that once orange wave 5 completes, the market may enter a corrective phase corresponding to navy blue wave 4. This subsequent wave will likely result in a temporary pullback or consolidation before resuming the overall trend.

A critical detail in this analysis is the wave cancel invalid level set at 7760.18. This level acts as a threshold that, if breached, would invalidate the current wave count, necessitating a reevaluation of the wave structure. Maintaining the market above this level is essential for the current Elliott Wave count to remain valid and for the anticipated trends to play out as expected.

In summary, the FTSE 100 Elliott Wave Analysis on the day chart shows a strong, impulsive trend within orange wave 5 of navy blue wave 3. With the completion of orange wave 4, the market is now expected to continue its upward momentum. The wave cancel invalid level at 7760.18 is a crucial marker for maintaining the validity of this wave count, guiding traders in their strategic decision-making based on Elliott Wave Theory principles.

FTSE

FTSE 100 (UK)  Elliott Wave technical analysis weekly chart

Function: Trend.

Mode: Impulsive.

Structure: Orange wave 5.

Position: Navy blue wave 3.

Direction next lower degrees: Navy blue wave 4.

Details: Orange wave 4 looking completed. Now orange wave 5 of navy blue wave 3 is in play.

Wave cancel invalid level: 7760.18

The FTSE 100 Elliott Wave Analysis for the weekly chart provides an in-depth look at the market's current trend using the Elliott Wave Theory, which helps in identifying and predicting market movements. This analysis indicates that the function of the market trend is to follow a clear directional path, with the mode being impulsive. An impulsive mode suggests a strong and sustained movement in one direction, indicating a robust market trend.

The specific wave structure under analysis is orange wave 5, which is a part of a larger wave sequence identified as navy blue wave 3. This positioning indicates that the market is in an advanced stage of an upward trend within the larger context of navy blue wave 3. The completion of orange wave 4 has been observed, signaling the end of a corrective phase within the ongoing upward trend. Consequently, the market is now in the phase of orange wave 5, which is part of navy blue wave 3. This phase typically continues the strong upward movement, suggesting further bullish momentum in the market.

The direction for the next lower degrees points towards navy blue wave 4, implying that once orange wave 5 completes, the market may enter a corrective phase corresponding to navy blue wave 4. This anticipated corrective phase might lead to a temporary pullback or consolidation before the market resumes its overall upward trend.

A critical detail in this analysis is the wave cancel invalid level set at 7760.18. This level serves as a threshold that, if breached, would invalidate the current wave count, requiring a reevaluation of the wave structure. It is crucial for the market to stay above this level to maintain the validity of the current Elliott Wave count and for the expected trends to unfold as predicted.

In summary, the FTSE 100 Elliott Wave Analysis on the weekly chart shows a strong, impulsive trend within orange wave 5 of navy blue wave 3. With the completion of orange wave 4, the market is anticipated to continue its upward momentum. The wave cancel invalid level at 7760.18 is essential for maintaining the current wave count's validity, guiding traders in their strategic decisions based on the principles of Elliott Wave Theory.

FTSE

FTSE 100 (UK) Index Elliott Wave technical analysis [Video]

Share: Feed news

As with any investment opportunity there is a risk of making losses on investments that Trading Lounge expresses opinions on.

Historical results are no guarantee of future returns. Some investments are inherently riskier than others. At worst, you could lose your entire investment. TradingLounge™ uses a range of technical analysis tools, software and basic fundamental analysis as well as economic forecasts aimed at minimizing the potential for loss.

The advice we provide through our TradingLounge™ websites and our TradingLounge™ Membership has been prepared without considering your objectives, financial situation or needs. Reliance on such advice, information or data is at your own risk. The decision to trade and the method of trading is for you alone to decide. This information is of a general nature only, so you should, before acting upon any of the information or advice provided by us, consider the appropriateness of the advice considering your own objectives, financial situation or needs. Therefore, you should consult your financial advisor or accountant to determine whether trading in securities and derivatives products is appropriate for you considering your financial circumstances.

Recommended content


Recommended content

Editors’ Picks

EUR/USD remains side-lined around 1.0480

EUR/USD remains side-lined around 1.0480

Price action in the FX world remains mostly subdued amid the lack of volatility and thin trade conditions following the US Presidents' Day holiday, with EUR/USD marginally down and flat-lined near 1.0480.

EUR/USD News
GBP/USD keeps the bullish bias above 1.2600

GBP/USD keeps the bullish bias above 1.2600

GBP/USD kicks off the new trading week on a positive foot and manages to reclaim the 1.2600 barrier and beyond on the back of the Greenback's steady price action.

GBP/USD News
Gold resumes the upside around $2,900

Gold resumes the upside around $2,900

Gold prices leave behind Friday's marked pullback and regain some composure, managing to retest the $2,900 region per ounce troy amid the generalised absence of volatility on US Presidents' Day holiday.

Gold News
Five fundamentals for the week: Peace talks, Fed minutes and German election stand out

Five fundamentals for the week: Peace talks, Fed minutes and German election stand out Premium

US President Donald Trump remains prominent, especially in a week when high-level peace talks kick off. Nevertheless, the Commander-in-Chief competes with the world's most powerful central bank, and other events are of interest as well.

Read more
Bitcoin Price Forecast: BTC stalemate soon coming to an end

Bitcoin Price Forecast: BTC stalemate soon coming to an end

Bitcoin price has been consolidating between $94,000 and $100,000 for almost two weeks. Amid this consolidation, investor sentiment remains indecisive, with US spot ETFs recording a $580.2 million net outflow last week, signaling institutional demand weakness.

Read more
The Best Brokers of the Year

The Best Brokers of the Year

SPONSORED Explore top-quality choices worldwide and locally. Compare key features like spreads, leverage, and platforms. Find the right broker for your needs, whether trading CFDs, Forex pairs like EUR/USD, or commodities like Gold.

Read More

Forex MAJORS

Cryptocurrencies

Signatures

Best Brokers of 2025