FTSE Elliott Wave Analysis for Sunday 21/05/2023

٢١ مايو ٢٠٢٣

A pullback in the higher timeframe seems likely. We have 5 waves up as an impulse in the weekly, daily, and 4h timeframe. However, as divergence in the weekly is not really outspoken, a new high is still possible. Investors should wait for the pullback to buy. Traders should analyze the lower timeframe.