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.
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
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.
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