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 b wave at a higher time.
This wave b is formed in the form of a zigzag and from this zigzag the waves a and b are finished and the wave c is being formed.
From wave c, the microwaves 1, 2, 3, and 4 are formed in the form of a channel or triangle, and we assume that wavelet 5 is in wave c, and this wave is around Fibo 1.00 relative to wave a, and probably a sideways process for roofing is formed in this range. .
Either in the same range after the formation of the other two waves ends or after colliding with the upper side of the channel.
The descent will be confirmed when the channel floor and the red circle are broken.
🙏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 b wave at a higher time.
This wave b is formed in the form of a zigzag and from this zigzag the waves a and b are finished and the wave c is being formed.
From wave c, the microwaves 1, 2, 3, and 4 are formed in the form of a channel or triangle, and we assume that wavelet 5 is in wave c, and this wave is around Fibo 1.00 relative to wave a, and probably a sideways process for roofing is formed in this range. .
Either in the same range after the formation of the other two waves ends or after colliding with the upper side of the channel.
The descent will be confirmed when the channel floor and the red circle are broken.
🙏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!❤️