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. The wave we counted is actually wave b at higher times, it is zigzagged. And this zigzag is in normal conditions in every way. Wave c moves as much as wave a and is a good point for its end and the beginning of a new movement. If the trend lines , ie the red circle, are broken downwards, the formation of a new wave will be confirmed, and we have specified the targets of this wave. And if the upward warning range is broken, the end of wave c will be at higher Fibos. 🙏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!❤️
i have been looking at the same thing , from the lows of last year oct where you marked point b, i think this started the third wave of elliot wave and third wave is always the longest , monthly RSI is also nearly at the top.