HBL - Hourly Analysis - 30-03-2024

Sarfaraz Ahmad
Mar 30, 2024

Primary Structure: Bullish Zigzag

Primary Trend: Bullish

Current Wave Structure: Potential Pullback.

Expectations: The rise from the low can be counted in five bullish waves as red wave "(A)" It looks like the structure in red wave "(A)" is completed now. A pullback minimum of three waves is expected in red wave "(B)". The drop from the high of the red wave "(A)" may be assumed as part of the pullback. More weakness in the price is expected.

Recommendations: Wait for the pullback.

Previously :