HBL Investment Fund - Daily Analysis - 25-11-2023

Sarfaraz Ahmad
Nov 25, 2023

Primary Structure: Bullish Double Three

Primary Trend: Bullish

Current Wave structure: Potential bullish Impulse.

Expectations: It looks like the bearish impulsive structure is completed with an ending diagonal in black wave "V". The rise from the low is decent and can be assumed as black wave "1" followed by a correction in wave "2". We are expecting the bullish momentum to accelerate and complete the bullish cycle.
The rise from the low is very premature. We need five bullish waves to define the low and the reversal.

Previously :