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, Waves 1 and 2 are probably over at weekly time, and this analysis and this wave count is part of Wave 3.
Wave 3 that we are talking about is not on the Fibonacci in the weekly time that can be reversed, and only we considered this correction by counting the wave 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, causing the wave count to be not normal.
However, there are exceptions in the waves.
We gave the possibility of correction, provided that the trend line is completely broken, and now this failure has taken place to some extent.
We determine the nature of this correction and this wave after completion, but in the first movement of this wave, I think the movements occur in the form of five waves.
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, Waves 1 and 2 are probably over at weekly time, and this analysis and this wave count is part of Wave 3.
Wave 3 that we are talking about is not on the Fibonacci in the weekly time that can be reversed, and only we considered this correction by counting the wave 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, causing the wave count to be not normal.
However, there are exceptions in the waves.
We gave the possibility of correction, provided that the trend line is completely broken, and now this failure has taken place to some extent.
We determine the nature of this correction and this wave after completion, but in the first movement of this wave, I think the movements occur in the form of five waves.
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!❤️