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DOL - Hourly Analysis - 05-09-2025

  • Sarfaraz Ahmad

Primary Structure:  Bearish Flat

Primary Trend: Bearish

Current Wave Structure:  Potential Bearish Impulsive

Expectations:   The structure in the black wave "b" may be considered completed, as we can count five overlapping waves in its final wave.  This bullish diagonal has approached our desired target.  Since we are in the middle of a bearish flat, a strong bearish move in five waves may be expected from the current levels. A daily close below 28 may confirm the reversal.

Past Trade:
We have made a gain of 61.5%.

Recommendations: 4; Target met.
3: Sell all the holdings at around 38.
2: Hold the longs. 
1: Longs may be considered from around 23.5 with stops below 18.5. Targets will be communicated with time.


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