Analysis of the British FTSE index and a pending buying opportunity

A strong buying opportunity on the FTSE 100 index coming soon

 

The FTSE 100 index is still moving in a general upward trend,

surpassing all resistance areas, indicating that buyers are in control.

Currently, the index is moving in a downward wave on the 4-hour timeframe,

following an expected correction.

The index has reached strong demand areas on the 4-hour timeframe,

aligned with the ascending trend line on the 4-hour timeframe.

The index is expected to rise if it breaks the corrective downward sub-trend.

In the event of a break, it is expected to rise to the indicated targets,

which are located at the 9320 and 9390 levels, respectively.

In the event of a decline and a break of the current uptrend and demand areas,

continuation of the decline and correction is expected in the short and medium term.