ILP - Hourly Analysis - 03-02-2026
Primary Structure: Bullish Impulsive
Primary Trend: Bullish
Current Wave Structure: Potential Pullback.
Expectations: Updated in light of adjusted charts.We can count five subwaves in the blue wave "(I)" which completes a major bullish cycle. The price is approaching the upper line of the termination channel, suggesting the bulls are weakening. A major correction may begin sooner or later. A daily close below the 77 may define the top for the blue wave "I". Past Trade: We have made around 90%.
Recommendations: 4:Sell at current level, i.e., 94.70.
3: Move stops to 67.
2: Hold the longs.
1: Longs may be considered from 57 to 49 with stops below 32. Targets will be communicated with time.
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