Hello traders, FTSE 100 (UKX) in daily timeframe , this analysis has been prepared in daily timeframe but has been published for a better view in 2 day timeframe.
All of these counts correspond to a larger wave that may have preceded a correction or triangle.
Based on a count, you are in a zigzag motion, and from this zigzag , waves a and b are over, and now we are inside wave c.
Wave c itself is formed inside a channel or a triangle and from this pattern, waves 1, 2, 3 and 4 are completed and the instruments are inside wave 5.
Wave 5, like the other waves of wave c, is in the form of three waves, and of these three waves, the last wave does not end, and the end of this wave is confirmed when the red circle is broken.
We do not have an exact target for the correction rate at the moment, but it is possible to correct up to around 6550.
🙏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!❤️
All of these counts correspond to a larger wave that may have preceded a correction or triangle.
Based on a count, you are in a zigzag motion, and from this zigzag , waves a and b are over, and now we are inside wave c.
Wave c itself is formed inside a channel or a triangle and from this pattern, waves 1, 2, 3 and 4 are completed and the instruments are inside wave 5.
Wave 5, like the other waves of wave c, is in the form of three waves, and of these three waves, the last wave does not end, and the end of this wave is confirmed when the red circle is broken.
We do not have an exact target for the correction rate at the moment, but it is possible to correct up to around 6550.
🙏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!❤️