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LCI - Weekly Analysis - 25-08-2024

LCI - Weekly Analysis - 25-08-2024

  • Sarfaraz Ahmad

Primary Structure: Bearish Regular Flat

Primary Trend:  Bearish

Current Wave Structure: Potential Bullish Flat in Red Wave "(b)".

Expectations: The black wave "b" is completed as a zigzag in three waves. We got a nice bullish move from the low of black wave "b" that could be counted in seven swings as a double three correction. The price successfully approached the golden ratio and the upper line of the corrective channel. All we need is the Bears to dominate now.

Previously :




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