INDU - Intraday Analysis - 22-07-2025
Primary Structure: Potential Bullish Impulsive.
Primary Trend: Bullish
Current Wave Structure: Potential Pullback
Expectations: The red wave "(4)" completed as an expanding flat. The rise from its low is very aggressive and can be counted in five waves. This could be considered a major trend reversal. According to the basic rules, a pullback minimum of three waves should be expected in the black wave "2" that could test the golden ratio.Recommendation: Wait for the pullback.
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