FCEPL - Hourly Analysis - 07-08-2026
Primary Structure: Bullish Impulsive.
Primary Trend: Bullish
Current Wave Structure: Potential Bullish Impulsive.
Expectations: The rise from its low is impressive and can be counted in five waves. This rise may be perceived as a major trend reversal. This gain has been followed by a zigzag in the black wave "II". The lower line of the corrective channel has acted as a strong support for the falling price. The rise from its low has unfolded in five waves. More gains are on the cards after a correction in the blue wave "2" that can test the golden ratio.Past Trade: We have secured gains of 72 % and 64% consecutively.
Recommendations: 6: Sell at the current level, i.e., 121.
5: Move stops to 64.
4: Hold the longs
3: Accumulate below 70.
2: Hold the longs.
1: Long positions may be considered from 74 to 69 with stops below 57. Targets will be communicated with time.
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