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.
According to the previous waves, this wave that we counted is wave b and wave b is formed in a zigzag pattern.
And we assume that this zigzag is over and wave c waves are formed.
We are inside wave 1 of wave c and wave 1 can be guessed to end at the bottom of the orange channel and wave 2 is formed as a reaction to this price floor and then wave 3 starts moving, which moves to 6500 in the first step.
This analysis is fielded if the previous ceiling is broken.
๐If you have an idea that helps me provide a better analysis, I will be happy to write in the comments๐
โค๏ธPlease, support this idea with a like and comment!โค๏ธ
According to the previous waves, this wave that we counted is wave b and wave b is formed in a zigzag pattern.
And we assume that this zigzag is over and wave c waves are formed.
We are inside wave 1 of wave c and wave 1 can be guessed to end at the bottom of the orange channel and wave 2 is formed as a reaction to this price floor and then wave 3 starts moving, which moves to 6500 in the first step.
This analysis is fielded if the previous ceiling is broken.
๐If you have an idea that helps me provide a better analysis, I will be happy to write in the comments๐
โค๏ธPlease, support this idea with a like and comment!โค๏ธ