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HTL - Hourly Analysis - 01-03-2025

  • Sarfaraz Ahmad

Primary Structure: Bullish Zigzag

Primary Trend: Bullish

Current Wave Structure:  Potential Pullback in Blue Wave "B".

Expectations:   The rise from the low of the red wave "(C)" is too complex, but we can count five waves in blue wave "A". It looks like the structure in blue wave "A" is completed. Sooner or later, the consolidation in black wave "B" may begin. This setback can test the golden ratio and may be composed of a minimum of three waves.

Recommendation:  Wait for the pullback.

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