GLAXO - Daily Analysis - 16-11-2024

Sarfaraz Ahmad
Nov 16, 2024

Primary Structure: Bullish Double Three

Primary Trend: Bullish

Current Wave structure: Bullish Zigzag

Expectations: The red wave "(x)" looks completed as we have witnessed a strong rally from its low. The rise from its low is important and can be counted in five bullish waves. The price has already printed new high. We need a pause in this bull cycle. Thus expecting a pullback minimum of three waves in black wave "b".

Previously :