JS Momentum Factor ETF - Daily Analysis - 25-01-2025

Sarfaraz Ahmad
Jan 25, 2025

Primary Structure: Potential Zigzag

Primary Trend: Sideways/ Bearish

Current Wave Structure: Potential Zigzag.

Expectations: The rise from the low of red wave "(b)" can be counted in five bullish waves that complete the zigzag pattern. The decline from the top defines the top for the red wave "(c)" in place. Weakness in the price is expected as the structure looks incomplete. The price can find support around 8 where the former wave swing low also coincides.

Previously :