CLOV - Intraday Analysis - 19-01-2024

Sarfaraz Ahmad
Jan 19, 2024

Primary Structure: Bullish Impulsive

Primary Trend: Bullish

Current Wave structure: Potential Zigzag in black wave "2".

Expectations: The drop from the high can be assumed as part of the pullback in black wave "2". We are trading in the middle of this correction in black wave "2". Weakness in the price is expected as the price may test the lower line of the descending channel.

Recommendation: Wait for the pullback now.

Previously :