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FTSE 100 TESTING POST-COVID HIGHS

Long
FTSE 100 Index (CAPITALCOM:UK100)  
Paultheriver  
CAPITALCOM:UK100   FTSE 100 Index
Trend Analysis Technical Indicators Fundamental Analysis ftse100 FTSE UK100 CFD Technical Analysis
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trendanalysis indicator fundamental ftse100 ftse uk100 technicalanalysis
Followed by news for less than expected inflation expansion in the UK and an hourly uptrend since 6 Oct, FTSE is expected to retest POST-COVID highs.

Technical analysis for fibbonaci extensions levels and Elliot impulse wave, suggest that a final extensions WAVE 5 is expected towrd 127.2% extensions of current trend. (7335.1)

Open Position at100% breakout (7250.8)
Take Profit at 127.2% extensions (7335.1)
Stop Losses at 78.6% support of current trend fib exntesions (7184.5)

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