Hello traders, DJI 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 count we did did not have a natural form and was based only on the slope of the waves
In this count, waves 1 and 2 are perfect in our opinion.
But we can not be sure of the end of wave 3 and we can guess that inside wave 4 of wave 3 can also be.
Anyway, we'd rather count Wave 3 over, and now we're waiting for Wave 4 to form.
Wave 4 will be deep and time consuming according to Wave 2, and the minimum Fibonacci correction is 0.38.
To confirm the formation of this failure wave, the support marked with a purple dot is necessary.
And if the previous peak is broken upwards, this wave count is the field.
🙏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!❤️
The wave count we did did not have a natural form and was based only on the slope of the waves
In this count, waves 1 and 2 are perfect in our opinion.
But we can not be sure of the end of wave 3 and we can guess that inside wave 4 of wave 3 can also be.
Anyway, we'd rather count Wave 3 over, and now we're waiting for Wave 4 to form.
Wave 4 will be deep and time consuming according to Wave 2, and the minimum Fibonacci correction is 0.38.
To confirm the formation of this failure wave, the support marked with a purple dot is necessary.
And if the previous peak is broken upwards, this wave count is the field.
🙏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!❤️
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.