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FEROZ - Hourly Analysis - 29-08-2026

  • Sarfaraz Ahmad

Primary Structure:    Potential Zigzag 

Primary Trend: Bearish

Current Wave structure: Potential Bearish Impulsive

Expectations:  The red wave "(b)" has unfolded with a minimum of three waves, with five overlapping waves as a diagonal at its end. Weaknesses in the price are expected as we are missing the third wave of the zigzag.  The decline from the high is expected to unfold in five waves.


Recommendations: Wait for the pullback


Previously:

Previously: