Currently wave b is nearly complete possibly at around 7750 where wave c = (1.618 wave a) of FLAT wave b.
If correct FTSE will then start a prolonged bear market to at least 3280. Good Luck
If I am correct the ED structure is complete, see chart below. If move above 7780 some other structure is in place!! Good Luck.
My own long term analysis along with those I follow including Geoff here all think we are high up in Wave 5 of this Bull Market, the list of reasons are many fold including Elliott Waves, Elliott Channel overshoot, high indicators, P.E ratios , time etc etc
The tricky bit is picking the exact top in my opinion although some believe we are now tracing out an ending diagonal to finish the upward move, Geoff has some great ideas here on this.
joehentges on youtube has posted some very interesting videos that are worth checking out also.
I have been amazed at the strength the U.S. markets have shown but if I take a step back perhaps it is to be expected near a top to get all the late buyers in before the turn comes, just a thought.
I hope things work out for you,