Five-swing Elliott Wave sequence in FTSE supports bullish bias [Video]

The continued rally within the FTSE Index, originating from the April 7, 2025 low, continues to unfold as a five-wave impulse construction throughout the Elliott Wave framework. This indicators sustained bullish momentum. From the April 7 low, wave 1 peaked at 7984.19. Wave 2 pullback adopted which concluded at 7599.56. The index then surged in wave 3, reaching 8902.4. The next wave 4 correction manifested as a double three Elliott Wave construction, as evidenced on the 1-hour chart. From the wave 3 peak, wave (w) declined to 8809.91. It was then adopted by a wave (x) restoration to 8858.56. The decline in wave (y) reached 8741.4, finishing wave ((w)) in a better diploma. The rally in wave ((x)) peaked at 8831.9 earlier than the index resumed decrease in wave ((y)). Inside this decline, wave (a) ended at 8757.97. Wave (b) ended at 8792.43, and wave (c) concluded at 8706.91, finalizing wave ((y)) of 4.

FTSE 60-Minute Elliott Wave technical chart

The FTSE has since turned larger in wave 5, requiring a break above the wave 3 excessive of 8902.4 to negate the potential of a double correction. The construction from the wave 4 low is growing as a five-swing sequence, reinforcing the bullish outlook. From wave 4, wave (i) reached 8818.44, wave (ii) corrected to 8726.92, wave (iii) superior to 8828.16, and wave (iv) pulled again to 8738.99. The ultimate wave (v) concluded at 8837.75, finishing wave ((i)) in a better diploma. A wave ((ii)) pullback is anticipated, probably correcting the cycle from the June 26, 2025 low in a 3, 7, or 11-swing sample earlier than resuming larger, offered the pivot at 8706.91 stays intact. This construction underscores a sturdy bullish bias, with the index poised for additional upside so long as key assist ranges maintain.

FTSE Elliott Wave technical [Video]