Chart Analysis
GBR FTSE index will move higher. The index is tracing the wave 1 of the 1-2-3-4-5 Impulsive Elliot Waves. The index has been on upside and has traced other bullish impulsive Elliot Waves.
Indicators Readings
SMA50 and SMA200 in day chart are both above the price and are rising.
ADX9 in day chart is at 31 and show strong trend.
Fibonacci Expansion Levels are
100% (8275.67)
61.8% (7900.01)
Fibonacci Retracement Levels are
0% (7597.26)
23.6% (7364.44)
38.2% (7220.42
50% (7104.01)
61.…
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