FTSE 100 index Wave Analysis – 10 February 2025

- FTSE 100 index broke resistance level 8700.00
- Likely to rise to resistance level 8900.00

FTSE 100 index recently broke the resistance area between the key resistance level 8700.00 (which stopped the price at the end of January) and the resistance trendline of the daily up channel from December.

The breakout of this resistance area accelerated the active short-term impulse wave 3 of the higher-order impulse sequence C from last August.

Given the clear daily uptrend, FTSE 100 index can be expected to rise to the next resistance level 8900.00, target price for the completion of the active impulse wave (C).