Large longterm impulsive wave to the upside completing wave 2. Bullish cup and handle (wave c) formed and retraced 50% of Wave A, with Wave A retracing just over 50% of Wave 1.
But lots of news to be released over the next few days.
Is the FTSE in Wave C or E of an expanding triangle? Both patterns could be supported by a pull pack in the S&P500 to complete the triangle (Wave E) or a move to the downside if wave E have completed at around 6295.