ASL - Hourly Analysis - 07-08-2023

Sarfaraz Ahmad
Aug 07, 2023

Primary Structure: Bearish Impulsive

Primary Trend: Bullish

Current Wave structure: Regular Flat in blue wave ii

Expectations: The rise from the lows is significant and can be counted in five bullish waves followed by flat in wave ii. The structure in blue wave ii is still incomplete. We are expecting the final leg may approach the lower line of the channel.

Recommendation: 1: Long positions may be considered around 6 to 5.8 with stops below 5. Keep the target open for now.

Previously :