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KSE-100 - Hourly Analysis - 31-08-2023

  • Sarfaraz Ahmad

Primary Structure: Bullish Impulsive

Primary Trend: Bullish

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

Expectations:  The recent drop is quite sharp. Still, it can be assumed as the red wave "(4)". A rally is expected after completing red "(4)". Technically speaking the rules for these waves are met, all we need a decisive move in upcoming sessions.
 Alternatively, if the index continues falling the drop may be considered as part of running or expanding flat on a higher degree level.




Alternatively :