KSE-100 - Hourly Analysis - 16-10-2023

Sarfaraz Ahmad
Oct 16, 2023

Primary Structure: Bullish Impulsive

Primary Trend: Bullish

Current Wave structure: Zigzag in red wave "(4)".

Expectations: Our bullish interpretation comes true as we have made a new high. More gains are expected as we are missing some higher highs to complete the wave structure in red wave "(5)".
Any bearish reversal now may be perceived as a temporary pullback.

Previously :