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 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 thought wave a would be completed on Fibo 0.38.
From wave a, the microwaves 1, 2, 3, and 4 are over, and wave 5 has another drop to 0.38 for Fibo.
Correction begins after the trend line is broken.
If the specified warning range is broken upwards, the corrective 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 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 thought wave a would be completed on Fibo 0.38.
From wave a, the microwaves 1, 2, 3, and 4 are over, and wave 5 has another drop to 0.38 for Fibo.
Correction begins after the trend line is broken.
If the specified warning range is broken upwards, the corrective 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!❤️