• FTSE100 broke resistance level 6800.00
• Likely to reach resistance level 6966.00
FTSE100 index continues to rise after the earlier breakout of the key resistance level 6800.00 (which stopped the previous waves A and (i)).
The breakout of the resistance level 6800.00 accelerated the active minor impulse wave C of the ABC correction (2) from January.
FTSE100 is likely to rise further in the active impulse wave C toward the next resistance level 6966.00 (multi-month high from January, top of wave (C)) – followed by 7000.00.