Hello traders, DAX in daily timeframe , this analysis has been prepared in daily timeframe but has been published for a better view in 2 day timeframe.
Based on the count we had, the main waves 1, 2 and 3 were formed.
But first we examine wave 3 and then we say the conditions of wave 4.
In wave 3, the principle of periodicity is well observed, but wave 5 of wave 3 is not structurally and relatively normal under normal conditions, and this makes us suspect the beginning of the main wave 4 to some extent.
However, as we said before, breaking the line is a confirmation of the start of Wave 4.
Wave 4, considering the original Wave 2, which did not have a very long and deep correction, probably includes these features.
According to the current movements of wave 4, we know it as a zigzag shape and the minimum Fibo target will be 0.38.
If the end of the main 3 wave is broken in this counting wave, we have to examine the counting from the beginning.
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
Based on the count we had, the main waves 1, 2 and 3 were formed.
But first we examine wave 3 and then we say the conditions of wave 4.
In wave 3, the principle of periodicity is well observed, but wave 5 of wave 3 is not structurally and relatively normal under normal conditions, and this makes us suspect the beginning of the main wave 4 to some extent.
However, as we said before, breaking the line is a confirmation of the start of Wave 4.
Wave 4, considering the original Wave 2, which did not have a very long and deep correction, probably includes these features.
According to the current movements of wave 4, we know it as a zigzag shape and the minimum Fibo target will be 0.38.
If the end of the main 3 wave is broken in this counting wave, we have to examine the counting from the beginning.
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