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, and this makes us doubt 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.
We know the 4th wave is zigzagging according to the current movements 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, and this makes us doubt 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.
We know the 4th wave is zigzagging according to the current movements 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