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CJPL - Hourly Analysis - 17-07-2026

  • Sarfaraz Ahmad

Primary Structure: Potential Pullback. 

Primary Trend: Bearish

Current Wave structure: Potential Zigzag, 

Expectations:  The structure in the blue wave "a" may be considered complete as a flat. We have witnessed an aggressive sell-off from the high. This decline is in a five-wave followed by a flat in the black wave "b". Weakness in the price is expected. 


Recommendations: Wait for the pullback.


Previously:

Previously:

Previously: