FTSE 100 Wave Analysis – 16 May 2025

FTSE 100: ⬆️ Buy

– FTSE 100 broke the resistance level 8650.00

– Likely to rise to resistance level 8800.00

The FTSE 100 index recently broke the resistance level 8650.00, which stopped the previous medium-term impulse wave (1) at the start of this month.

The breakout of the resistance level 8650.00 should accelerate the active medium-term impulse wave (3) from the start of May.

Given the improved sentiment across the global equity markets, the FTSE 100 index can be expected to rise to the next resistance level 8800.00, which has been reversing the price from the start of February.

Source: https://fxpro.news