FFC - Hourly Analysis - 24-05-2025
Primary Structure: Bullish Impulsive.
Primary Trend: Bullish
Current Wave Structure: Potential Bullish Impulsive.
Expectations: The rise from the low of the black wave "b" is sharp and expected to unfold in five waves. The price is sustained way above the upper line of the base channel, suggesting more aggression. More gains are expected as the consolidation in the blue wave "4" found support around the 38.2% Fibonacci retracement level. The rise from its low is strong and can continue after a small consolidation.Recommendations: 2: Hold the longs.
1: Longs may be considered for around 325 for a target at 480.
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