FTSE Showing Impulse Elliott Wave Structure

FTSE short-term  Elliott Wave view suggests that the decline to 3/26/2018 low 6866.94 ended the cycle degree wave “b”. Above from there, the index is rallying higher in a strong  Impulse Elliott Wave structure with extension in the 3rd wave. It’s important to note that an impulse structure should have internal subdivision of lesser degree 5 waves impulse.

In the case of FTSE, Minor wave 1, 3 and 5 should have internal subdivision of 5 waves impulse Elliott Wave structure of lesser degree.