FTSE 100: ⬆️ Buy
– FTSE 100 reversed from support zone
– Likely to rise to resistance level 10940.00
FTSE 100 index recently reversed from the support zone between the key support level 10750.00 (former strong resistance from April and July), lower daily Bollinger Band and the 38.2% Fibonacci correction of the upward impulse from July.
The upward reversal from this support zone started active minor impulse wave iii that belongs to the extended intermediate impulse wave (C) from the end of May.
Given the clear daily uptrend, FTSE 100 can be expected to rise further to the next resistance level 10940.00 – which has been revering the price from February.
, lower daily Bollinger Band and the 38.2% Fibonacci correction of the upward impulse from July.){kind=link}