CPHL - Hourly Analysis - 25-08-2023
Primary Structure: Bullish Impulsive
Primary Trend: Bullish
Current Wave structure: Bullish Impulsive
Expectations: The rise from the low of wave"z" can be counted in five waves as red wae "91)" followed by an expanding flat in the red wave (2)"> This pullback succeeded in testing the 78.6% Fibonacci retracement level. All we need is strong bullish decisive moves to confirm the reversal.Recommendation: 1: Long positions may considered from 22 to 21 (current levels) with stops below 20.5. Keep the targets open for now.
