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.
In this index, the waves have ended in a higher stage than in other indicators and have started to correct in a higher stage.
In this index, waves 1, 2 and 3 are over and correction for wave 4 has started.
If we want to compare Wave 4 with Wave 2, we must say that Wave 4 will have a shallow correction, but its current structure is not like this and it gives the possibility of deepening.
Wave 4 is likely to form in the form of a zigzag, and this zigzag will take a long time to complete like a flat.
We are still inside wave a of this zigzag and we think that wave a will be completed on Fibo 0.38.
Wave a consists of 3-wave microwaves, and from these microwaves is the last unfinished trend, the 5-wave, which probably descends after another sideways trend or directly.
If the 14520 range is broken, it probably was not wave 3.
🙏If you have an idea that helps me provide a better analysis, I will be happy to write in the comments🙏
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In this index, the waves have ended in a higher stage than in other indicators and have started to correct in a higher stage.
In this index, waves 1, 2 and 3 are over and correction for wave 4 has started.
If we want to compare Wave 4 with Wave 2, we must say that Wave 4 will have a shallow correction, but its current structure is not like this and it gives the possibility of deepening.
Wave 4 is likely to form in the form of a zigzag, and this zigzag will take a long time to complete like a flat.
We are still inside wave a of this zigzag and we think that wave a will be completed on Fibo 0.38.
Wave a consists of 3-wave microwaves, and from these microwaves is the last unfinished trend, the 5-wave, which probably descends after another sideways trend or directly.
If the 14520 range is broken, it probably was not wave 3.
🙏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!❤️