FTSE Elliott Wave: Forecasting the rally after a three-wave pullback

Elliott Wave Forecast Team ElliottWave-Forecast.com

In this technical article we’re going to take a quick look at the Elliott Wave charts of FTSE Index published in members area of the website.

As our members know, FTSE made a pullback that unfolded as an Elliott Wave Zig Zag pattern. Price completed a clear 3-wave move down from the peak and found support at the Equal Legs zone (buying area).

In the following analysis, we explain the Elliott Wave pattern and the market outlook.

FTSE Elliott Wave one-hour chart 06.22.2026

FTSE is currently forming an intraday three-wave pullback from recent highs. We identified a buying zone by measuring the Equal Legs area using the Fibonacci extension tool, with a projected relative to b. The ideal support area comes in at 10370.44-10275.23. The correction is not complete yet, and the index could see more downside in the near term within the marked buying zone. As long as price holds within this region, we expect buyers to step in and the rally to resume toward new highs.

FTSE Elliott Wave one-hour chart 07.03.2026

The Index has found buyers at the Equal Legs zone , just as expected. The correction ended at the 10333.17 low, and since then, FTSE is giving us a rally. As a result, any long positions from the equal legs zone are now risk-free.

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Elliott Wave Forecast Team

ElliottWave-Forecast.com

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