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IMAGE - Hourly Analysis - 26-08-2023

  • Sarfaraz Ahmad

Primary Structure: Bullish Impulsive

Primary Trend: Bullish

Current Wave structure: Correction in red wave "(2)".

Expectations: The rise from the low is overlapping showing the characteristics of a leading expanding diagonal, a very rare structure in red wave "(1)". We are looking for a pullback minimum in three ve in red wave "(2)" which is in play.

Recommendations:  Wait for the pullback