FCCL - Hourly Analysis - 14-09-2024
Primary Structure: Bullish Impulsive
Primary Trend: Bullish
Current Wave Structure: Potential Pullback in Red Wave "(2)".
Expectations: The rise from the low of red wave "(x)" can be counted in five overlapping waves as a leading diagonal in red wave "(1)". The rise could be considered a trend reversal confirmation. A pullback minimum of three waves may be expected in red wave "(2)" that could test the golden ratio.Recommendation: Wait for the pullback,
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