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, which we say is not on the Fibonacci in the weekly time, 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 form compared 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 give the possibility of correction provided that the downward trend line is broken and we specify the target of this correction.
If the end of wave 5 is broken, the full field analysis will not be performed, but this correction will be done at another 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, which we say is not on the Fibonacci in the weekly time, 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 form compared 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 give the possibility of correction provided that the downward trend line is broken and we specify the target of this correction.
If the end of wave 5 is broken, the full field analysis will not be performed, but this correction will be done at another 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!❤️