FTSE 100 Elliott Wave Analysis: Bullish Structure Points Toward New All-Time Highs

Footsie (FTSE 100) has quickly stabilized after the recent three-wave (A)(B)(C) corrective decline, suggesting that the broader bullish trend remains intact. However, the current structure could still be part of a larger sideways bullish running triangle within wave IV.

With the latest recovery, which we are tracking as wave D, the index could now be approaching the final wave E before a potential bullish breakout into wave V. If this scenario plays out, the current consolidation would represent a temporary pause within the broader uptrend rather than a major reversal.

Alternatively, FTSE 100 could be forming a larger ending diagonal or wedge pattern. While this alternative structure could lead to further consolidation before the next major move, the broader outlook remains bullish in both scenarios, with the potential for a new all-time high during wave V.