XAO, All Ords position in the trend and where from here ?

Long term monthly chart of XAO, focusing on the intermediate degree swings within the next higher degree/time frame. It appears as though the floor for wave 4 is now set at 5834 ( low of penultimate bar). As long as this level is respected, next bullish objective which is likely to mark the high point of the current impulse/motive wave is at 6764 from this EW forecast. This target is also in tune and in sync with the bullish forecasts from point and figure charts which I have.

Above analysis is for educational purposes only. It is not an investment advice.