FCEPL - Hourly Analysis - 28-10-2024
Primary Structure: Bullish Zigzag
Primary Trend: Bullish
Current Wave Structure: Potential Bullish Impulsive.
Expectations: The drop from the high of black wave "d' can be counted as zigzag in black wave "e". This wave has approached the 78.6% Fibonacci retracement level and completed the long-lasting triangle. The rise from its low is impressive and can be expected to unfold in five waves. Gains are on the cards,Recommendation: 2: Hold the longs.
1: Longs may be considered from 59 with stops below 54.
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Previously :
