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February 15, 2021 at 03:52PM
• FTSE 100 broke resistance level 6645.00
• Likely to test resistance level 6900.00
FTSE 100 index continues to advance after the price broke the resistance level 6645.00 intersecting with the 50% Fibonacci correction of the previous ABC retracement from the start of January.
The breakout of the resistance level 6645.00 was preceded by the breakout of the short-term down channel from last month.
FTSE 100 is likely to rise further toward the next resistance level 6900.00 (target price for the completion of the active impulse wave (3)).
From: The FxPro Tech Analysis Team https://fxpro.news/market-snapshots/ftse-100-wave-analysis-15-february-2021-20210215/
Selected by fonecable.com
Search Web: FTSE 100 Wave Analysis 15 February, 2021
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