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 whole wave we counted corresponds to wave b at higher times.
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 also being formed.
From wave c, the microwaves 1, 2, 3, and 4 are formed in the form of a channel or triangle, and from the last wave, wave 5, one ascent to the rest of this ascent can be at the end of its process or it can continue up to Fibo 1.00 for wave c and then with Break the bottom of the designated channel to start the downward waves.
đIf you have an idea that helps me provide a better analysis, I will be happy to write in the commentsđ
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The whole wave we counted corresponds to wave b at higher times.
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 also being formed.
From wave c, the microwaves 1, 2, 3, and 4 are formed in the form of a channel or triangle, and from the last wave, wave 5, one ascent to the rest of this ascent can be at the end of its process or it can continue up to Fibo 1.00 for wave c and then with Break the bottom of the designated channel to start the downward waves.
đIf you have an idea that helps me provide a better analysis, I will be happy to write in the commentsđ
â€ïžPlease, support this idea with a like and comment!â€ïž