ILP - Hourly Analysis - 27-08-2023
Primary Structure: Bullish Impulsive
Primary Trend: Bullish
Current Wave structure: DCorrection in wave "2".
Expectations: The rise from the low is overlapping but can be counted in five waves as a leading diagonal. According to the basic rules, there must be a correction minimum in three waves. A daily close below 39 will define the top and will confirm the pullback is in play.Recommendation: Wait for the pullback.
