http://www.fxstreet.com/technical/forex-forecasts/ftse-100-index-2010-technical-outlook/http://www.fxstreet.com/technical/http://mediaserver.fxstreet.com/images/fxstreet-provider-logo1-en.gif7http://www.fxstreet.com/technical/forex-forecasts/ftse-100-index-2010-technical-outlook/2011-01-04.htmlThe weekly chart shows how the bullishness that started on March 2009 until now has been ideally organized within a major ascending channel as seen on the chart below. The nature of trading within this aforesaid ascending channel indicates that the major direction is definitely to the upside, targeting the resistance line around 6510.00. An inline with long term targets, there are always positive technical factors supporting the suggested bullishness. The first technical factor is the minorTue, 04 Jan 2011 15:29:10 GMThttp://www.fxstreet.com/technical/forex-forecasts/support@ecpulse.com (ecPulse.com)http://www.fxstreet.com/technical/forex-forecasts/ftse-100-index-2010-technical-outlook/2011-01-04.htmlhttp://www.fxstreet.com/technical/forex-forecasts/ftse-100-index-2010-technical-outlook/2010-01-08.htmlSince recording the top around 6800 zone; the index started to form an impulsive downside wave, as seen on the provided weekly chart. We can see how the index succeeded in building 3 waves already; while it's presently constructing the grand fourth wave. Moving above Ribbons lines -EMA 10 to EMA 80- supports the technical idea of reaching 61.8% Fibonacci level for the entire move from 6800 levels to 3440 levels. We believe that the above discussed 4th wave will be competed at 61.8%, where thenFri, 08 Jan 2010 11:33:45 GMThttp://www.fxstreet.com/technical/forex-forecasts/support@ecpulse.com (ecPulse.com)http://www.fxstreet.com/technical/forex-forecasts/ftse-100-index-2010-technical-outlook/2010-01-08.html