info@marketswaves.com +923455923931

DYNO - Intraday Analysis - 31-01-2025

  • Sarfaraz Ahmad

Primary Structure:  Bearish Zigzag

Primary Trend:  Bearish

Current Wave structure: Potential Flat in Red Wave "(B)".

Expectations:  The structure in red wave "(A)" may be considered completed as we have witnessed a decent rise from its low. We should expect a pullback minimum of three waves in red wave "(B)". We are trading in the middle of this wave structure. Longs opportunity may be discovered from around 78.6% Fibonacci retracement level.

Recommendation:  1: Longs may be considered from 197-190 with stops below 182 for a target of 240.


Previously :