CPHL - Hourly Analysis - 17-07-2025
Primary Structure: Bullish Zigzag
Primary Trend: Bullish
Current Wave Structure: Potential Flat
Expectations: The rise from the low of the red wave "(b)" can be counted in five waves. This rise can be perceived as a trend reversal confirmation. As per the rules, a pullback minimum of three waves may be expected in black wave "b" which could test the golden ratio. The decline from the high may be considered part of the correction. A temporary rise in blue wave "B" may be witnessed.NOTE: Wave degree changed.Recommendation: Wait for the pullback
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