INDU - Hourly Analysis - 12-07-2025

Sarfaraz Ahmad
Jul 12, 2025

Primary Structure: Bullish Impulsive

Primary Trend: Bullish

Current Wave Structure: Potential Bullish Impulsive.

Expectations: The structure in red wave "(3)" looks completed with an ending diagonal in its fifth wave. A pullback minimum of the three waves was expected in the red wave "(4)" that appeared as a running flat. It looks like this correction in red wave "(4)" is completed as we have witnessed a very strong reaction from its low that can be counted in five waves. More gains are expected after a small pullback in the black wave "2". The price could travel towards 2.5K after the said pullback in the black wave "2".

Recommendation: Wait for the pullback.

Previously :