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ABOT - Hourly Analysis - 01-03-2025

  • Sarfaraz Ahmad

Primary Structure: Potential Zigzag in Black Wave "b".

Primary Trend:  Bullish

Current Wave Structure: Potential Bullish Impulsive.

Expectations: The rise from the low of the blue wave "B" can be counted in five waves. The structure in black wave "b" may be considered completed. Te decline from its high is in five waves, which defines the top for the black wave 'b". More weakness in the price is expected after a small pullback in blue wave "ii".

Recommendation:  Wait for the bearish confirmation.

Previously :