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DOL - Hourly Analysis - 12-01-2024

  • Sarfaraz Ahmad

Primary Structure: Bullish Impulsive

Primary Trend:  Bullish

Current Wave structure: Pullback in black wave "2".

Expectations:   The triangle in blue wave "B" is completed as we have witnessed a strong bullish rally in five waves in black wave "1". This could be perceived as trend reversal confirmation. more gains are expected after a small pullback in black wave "2" which is in play.

Recommendation:  wait for the Pullback.


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