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 count made in this index, waves 1, 2 and 3 are formed and are now at the beginning of wave 4.
Depending on the shape of wave 2, wave 4 will probably move deep, at least to 0.5 fibo, and will lengthen over time, and it can be said that wave 4 will be a flat.
The first movement of the flat to the pink line is formed after the confirmation and failure of the red circle.
🙏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!❤️
According to the count made in this index, waves 1, 2 and 3 are formed and are now at the beginning of wave 4.
Depending on the shape of wave 2, wave 4 will probably move deep, at least to 0.5 fibo, and will lengthen over time, and it can be said that wave 4 will be a flat.
The first movement of the flat to the pink line is formed after the confirmation and failure of the red circle.
🙏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!❤️