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 in 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 it gives the possibility of deepening.
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 wave a of this zigzag and we think that wave a will be completed on Fibo 0.38.
Wave a consists of 3-wave microwaves, and from these microwaves is the last unfinished trend, the 5-wave, which probably descends after another sideways trend or directly.
If the 14520 range is broken, it probably was not wave 3.
🙏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 in 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 it gives the possibility of deepening.
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 wave a of this zigzag and we think that wave a will be completed on Fibo 0.38.
Wave a consists of 3-wave microwaves, and from these microwaves is the last unfinished trend, the 5-wave, which probably descends after another sideways trend or directly.
If the 14520 range is broken, it probably was not wave 3.
🙏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!❤️
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Thông báo miễn trừ trách nhiệm
Thông tin và ấn phẩm không có nghĩa là và không cấu thành, tài chính, đầu tư, kinh doanh, hoặc các loại lời khuyên hoặc khuyến nghị khác được cung cấp hoặc xác nhận bởi TradingView. Đọc thêm trong Điều khoản sử dụng.