FTSE 100 (Weekly)

This weekly data view of the FTSE 100 index indicates the generally synchronized Cycle wave IV.

The action since then is comparatively suppressed and evidently requiring further action. The Primary wave [3] of Cycle V is ongoing. The objective target of [3] = 1.62 [1] is indicated. Thereafter a complex horizontal zigzag of similar excursion to [2] would be expected (for alternation).