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.
By looking at the waves, the weekly times 1 and 2 are probably over, and this analysis and this wave count is part of wave 3.
Wave 3 in the weekly time is not on the Fibonacci that can be returned, and only we can make this correction with the wave count we considered in the daily time.
In daily time, waves 1 and 2 are complete and wave 3 is in excellent condition in terms of appearance, but it is not in good shape relative to wave 1.
Waves 2 and 4 are very similar both in appearance and correction and have caused the wave count to not be normal.
However, there are exceptions in the waves.
We make the possibility of correction provided that the trend line is broken downwards and the price will move up to the specified targets.
If the end of wave 5 is broken, the complete analysis of the field will not be done, but this correction will be done in a short time.
🙏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!❤️
By looking at the waves, the weekly times 1 and 2 are probably over, and this analysis and this wave count is part of wave 3.
Wave 3 in the weekly time is not on the Fibonacci that can be returned, and only we can make this correction with the wave count we considered in the daily time.
In daily time, waves 1 and 2 are complete and wave 3 is in excellent condition in terms of appearance, but it is not in good shape relative to wave 1.
Waves 2 and 4 are very similar both in appearance and correction and have caused the wave count to not be normal.
However, there are exceptions in the waves.
We make the possibility of correction provided that the trend line is broken downwards and the price will move up to the specified targets.
If the end of wave 5 is broken, the complete analysis of the field will not be done, but this correction will be done in a short time.
🙏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!❤️