Hello traders, Nasdaq (IXIC) in daily timeframe , this analysis has been prepared in daily timeframe but has been published for a better view in 2 day timeframe.
In this index, the waves have ended in a higher stage than other indicators and have started to correct in a higher stage.
In this index, waves 1, 2 and 3 are over and correction for wave 4 has started.
If we want to compare Wave 4 with Wave 2, we must say that Wave 4 will have a shallow correction, but its current structure is not like this and there is a possibility that it will deepen.
Wave 4 is likely to form in the form of a zigzag, and this zigzag will take a long time to complete like a flat.
We are still inside the a-wave of this zigzag and we think that the completion of the a-wave is on Fibo 0.38.
Wave a consists of the microwaves of wave 4, and from this microwave we will have a downward movement in the channel range and then the possibility of a happy ascent and breaking of the channel and finally the descent for wave 5.
If the warning sign is broken upwards, the correction structure is different.
🙏If you have an idea that helps me provide a better analysis, I will be happy to write in the comments🙏
❤️Please, support this idea with a like and comment!❤️
In this index, the waves have ended in a higher stage than other indicators and have started to correct in a higher stage.
In this index, waves 1, 2 and 3 are over and correction for wave 4 has started.
If we want to compare Wave 4 with Wave 2, we must say that Wave 4 will have a shallow correction, but its current structure is not like this and there is a possibility that it will deepen.
Wave 4 is likely to form in the form of a zigzag, and this zigzag will take a long time to complete like a flat.
We are still inside the a-wave of this zigzag and we think that the completion of the a-wave is on Fibo 0.38.
Wave a consists of the microwaves of wave 4, and from this microwave we will have a downward movement in the channel range and then the possibility of a happy ascent and breaking of the channel and finally the descent for wave 5.
If the warning sign is broken upwards, the correction structure is different.
🙏If you have an idea that helps me provide a better analysis, I will be happy to write in the comments🙏
❤️Please, support this idea with a like and comment!❤️