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GAL - Hourly Analysis - 02-05-2026

  • Sarfaraz Ahmad

Primary Structure: Bullish Impulsive

Primary Trend: Bearish

Current Wave Structure:  Potential Flat

Expectations:   The structure in the black wave "I" may be considered completed, as we can count five waves in it.  The rise from the low of the blue wave "4" is in five waves. The decline from the high may unfold in three waves. Having said that, we are in the middle of this three-wave decline. Weakness in the price is expected after a small recovery in the blue wave "B".


Recommendations:  Wait for the pullback.
Previously:

Previously :