Same same as TAQA in long term hidden positive divergence that appeared between the fourth wave and the second waves
The hidden positive divergence that appeared between the fourth wave and the second was in very favorable circumstances, which is that the fourth did not overlap with the first, and thus its main motive wave did not turn from impulse into a diagonal wave.
0.456 was the end of the first wave After that the stock descended in a second main wave as a sharp and deep zigzag ( now n C wave) whose target is around the 0.35 - 0.36 area after whitch the stock will ascend in the main third wave (we will determine its target after ensuring of the end of second wave) This analysis fails if only the 0.34 bottom is broken
The Nasdaq has finished the fourth wave and will fall in the fifth wave of main wave A, which was diagonal.
The fourth wave is a sharp and deep zigzag corrective pattern.. The stock moves in its last wave C and exactly we can say in the third of C. after finishing this wave we will go up in a temporrary up wave 4 then go down in a final drop wave 5 , which is the end of C of the zigzag corrective pattern and the end of the fourth major.
Etisalat since listing Monthly chart Its current decline is a major fourth wave that overlapped with the first, which turned its overall rising cycle into a complex diagonal wave, the target of which is the fifth, which will have multiple possibilities. Important question: What is the analysis of the fourth wave and where it will be end? 👇