AVN - H1/H4 Analysis - 13-06-2023

Sarfaraz Ahmad
Jun 13, 2023

Primary Structure: Leading diagonal in the wave a

Primary Trend: Bearish

Current Wave structure: Bearish Zigzag in blue wave 5

Expectations: The drop from the high of blue wave 4 can be counted in three waves as a zigzag that is unfolding its final waves. We are expecting a reversal after completing five sub-waves in red wave (C).
If the drop extends the whole wave count may be changed.

Recommendation: Wait for bullish confirmation.

Previously :